J2 Global (JCOM) Given Outperform Rating at William Blair

William Blair reaffirmed their outperform rating on shares of J2 Global (NASDAQ:JCOM) in a research report sent to investors on Tuesday morning.

A number of other equities research analysts also recently issued reports on JCOM. BidaskClub upgraded J2 Global from a hold rating to a buy rating in a research report on Friday, March 9th. DA Davidson began coverage on J2 Global in a research report on Friday, February 2nd. They issued a buy rating and a $95.00 price objective on the stock. ValuEngine downgraded J2 Global from a buy rating to a hold rating in a research report on Thursday, March 1st. Robert W. Baird increased their price objective on J2 Global from $94.00 to $95.00 and gave the stock an outperform rating in a research report on Wednesday, February 7th. Finally, Zacks Investment Research downgraded J2 Global from a hold rating to a strong sell rating in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $99.50.

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NASDAQ:JCOM opened at $78.92 on Tuesday. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.98. J2 Global has a 1 year low of $70.27 and a 1 year high of $91.48. The firm has a market cap of $3,873.85, a price-to-earnings ratio of 14.75, a P/E/G ratio of 1.78 and a beta of 0.94.

J2 Global (NASDAQ:JCOM) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.70 by $0.09. J2 Global had a return on equity of 26.82% and a net margin of 12.47%. The company had revenue of $316.38 million for the quarter, compared to the consensus estimate of $319.00 million. During the same quarter last year, the business posted $1.49 earnings per share. The firm’s revenue was up 25.6% compared to the same quarter last year. analysts predict that J2 Global will post 5.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Thursday, February 22nd were paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Wednesday, February 21st. This is a boost from J2 Global’s previous quarterly dividend of $0.40. J2 Global’s dividend payout ratio is currently 29.94%.

In related news, insider R Scott Turicchi sold 20,663 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $84.65, for a total value of $1,749,122.95. Following the transaction, the insider now owns 246,395 shares of the company’s stock, valued at $20,857,336.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Vivek Shah sold 3,000 shares of the stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $82.90, for a total value of $248,700.00. Following the completion of the transaction, the chief executive officer now directly owns 742,232 shares in the company, valued at approximately $61,531,032.80. The disclosure for this sale can be found here. In the last three months, insiders sold 29,663 shares of company stock worth $2,460,483. 5.15% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB bought a new position in J2 Global in the fourth quarter valued at $429,000. Sterling Capital Management LLC increased its stake in J2 Global by 16.8% in the fourth quarter. Sterling Capital Management LLC now owns 45,124 shares of the technology company’s stock valued at $3,386,000 after acquiring an additional 6,496 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in J2 Global in the fourth quarter valued at $3,913,000. Glenmede Trust Co. NA increased its stake in J2 Global by 30.0% in the fourth quarter. Glenmede Trust Co. NA now owns 696,435 shares of the technology company’s stock valued at $52,251,000 after acquiring an additional 160,917 shares during the last quarter. Finally, Zeke Capital Advisors LLC bought a new position in J2 Global in the fourth quarter valued at $224,000.

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About J2 Global

j2 Global, Inc is a provider of services delivered through the Internet. The Company provides cloud services to businesses of all sizes, from individuals to enterprises. The Company operates in two segments: Business Cloud Services and Digital Media. The Company’s Digital Media business segment consists of the Web properties and business operations of Ziff Davis, Inc (Ziff Davis).

Analyst Recommendations for J2 Global (NASDAQ:JCOM)

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