Smith Graham & Co. Investment Advisors LP Has $7.65 Million Stock Holdings in J2 Global Inc (NASDAQ:JCOM)

Smith Graham & Co. Investment Advisors LP decreased its stake in shares of J2 Global Inc (NASDAQ:JCOM) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 86,041 shares of the technology company’s stock after selling 210 shares during the period. Smith Graham & Co. Investment Advisors LP owned 0.18% of J2 Global worth $7,648,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Tortoise Index Solutions LLC acquired a new position in shares of J2 Global in the 1st quarter valued at approximately $28,000. Truvestments Capital LLC increased its position in J2 Global by 258.9% during the 2nd quarter. Truvestments Capital LLC now owns 402 shares of the technology company’s stock worth $36,000 after purchasing an additional 290 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in J2 Global during the 2nd quarter worth approximately $44,000. Hussman Strategic Advisors Inc. acquired a new position in J2 Global in the 1st quarter valued at approximately $52,000. Finally, Yorktown Management & Research Co Inc acquired a new position in J2 Global in the 1st quarter valued at approximately $208,000. 99.90% of the stock is owned by institutional investors and hedge funds.

NASDAQ JCOM traded down $1.09 on Friday, hitting $81.04. The company’s stock had a trading volume of 247,530 shares, compared to its average volume of 331,029. The stock’s 50-day simple moving average is $88.06. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.25 and a current ratio of 0.94. J2 Global Inc has a 1-year low of $65.07 and a 1-year high of $92.00. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 1.50 and a beta of 0.83.

J2 Global (NASDAQ:JCOM) last posted its quarterly earnings data on Tuesday, August 6th. The technology company reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.05. J2 Global had a net margin of 11.61% and a return on equity of 28.85%. The company had revenue of $322.43 million for the quarter, compared to analyst estimates of $320.25 million. During the same period in the prior year, the firm posted $1.50 EPS. The company’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, research analysts expect that J2 Global Inc will post 6.65 earnings per share for the current fiscal year.

In other news, CFO R Scott Turicchi sold 10,000 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $86.67, for a total value of $866,700.00. Following the sale, the chief financial officer now directly owns 293,139 shares of the company’s stock, valued at approximately $25,406,357.13. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Steve P. Dunn sold 3,263 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $87.00, for a total transaction of $283,881.00. Following the completion of the sale, the insider now directly owns 19,544 shares in the company, valued at $1,700,328. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,102 shares of company stock worth $1,830,912. Insiders own 5.90% of the company’s stock.

Several brokerages have issued reports on JCOM. DA Davidson set a $110.00 price target on shares of J2 Global and gave the company a “buy” rating in a research report on Monday, April 22nd. BidaskClub cut shares of J2 Global from a “hold” rating to a “sell” rating in a research report on Wednesday. Wedbush upped their price target on shares of J2 Global from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Thursday, May 9th. Finally, Zacks Investment Research upgraded shares of J2 Global from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. J2 Global currently has a consensus rating of “Buy” and an average target price of $100.20.

J2 Global Profile

j2 Global, Inc, together with its subsidiaries, provides Internet services worldwide. It operates through three segments: Fax and Email Marketing; Voice, Backup, and Security; and Digital Media. The company offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.

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Institutional Ownership by Quarter for J2 Global (NASDAQ:JCOM)

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