J2 Global Inc (NASDAQ:JCOM) CEO Vivek Shah sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $81.43, for a total value of $244,290.00. Following the completion of the sale, the chief executive officer now owns 723,830 shares in the company, valued at $58,941,476.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Vivek Shah also recently made the following trade(s):

  • On Monday, July 16th, Vivek Shah sold 3,000 shares of J2 Global stock. The shares were sold at an average price of $87.81, for a total value of $263,430.00.
  • On Friday, June 15th, Vivek Shah sold 3,000 shares of J2 Global stock. The shares were sold at an average price of $88.06, for a total value of $264,180.00.

Shares of NASDAQ:JCOM opened at $79.85 on Friday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.98. J2 Global Inc has a 52-week low of $70.27 and a 52-week high of $91.58. The firm has a market capitalization of $3.96 billion, a PE ratio of 14.76, a P/E/G ratio of 1.80 and a beta of 0.82.

J2 Global (NASDAQ:JCOM) last issued its quarterly earnings data on Thursday, August 9th. The technology company reported $1.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.06. J2 Global had a return on equity of 26.39% and a net margin of 11.19%. The business had revenue of $287.89 million for the quarter, compared to the consensus estimate of $299.59 million. During the same period in the prior year, the business earned $1.33 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. equities analysts anticipate that J2 Global Inc will post 5.59 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 4th. Investors of record on Monday, August 20th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Friday, August 17th. This is an increase from J2 Global’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a yield of 2.13%. J2 Global’s dividend payout ratio is 30.68%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fort L.P. purchased a new position in J2 Global during the second quarter worth about $120,000. Itau Unibanco Holding S.A. purchased a new position in J2 Global during the second quarter worth about $194,000. World Asset Management Inc purchased a new position in J2 Global during the second quarter worth about $208,000. Hsbc Holdings PLC purchased a new position in J2 Global during the first quarter worth about $213,000. Finally, Parametrica Management Ltd purchased a new position in J2 Global during the first quarter worth about $224,000.

Several analysts have recently issued reports on the company. BidaskClub downgraded J2 Global from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 14th. Robert W. Baird restated a “buy” rating and issued a $92.00 price objective on shares of J2 Global in a research report on Monday, August 13th. Citigroup reduced their price objective on J2 Global from $88.00 to $86.00 and set a “neutral” rating on the stock in a research report on Monday, August 13th. Finally, DA Davidson upped their price objective on J2 Global to $100.00 and gave the company a “buy” rating in a research report on Wednesday, May 9th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $92.67.

J2 Global Company Profile

j2 Global, Inc, together with its subsidiaries, engages in the provision of Internet services worldwide. It operates through two segments, Cloud Services and Digital Media. The Cloud Services segment offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.

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Insider Buying and Selling by Quarter for J2 Global (NASDAQ:JCOM)

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