J2 Global Inc (NASDAQ:JCOM) Director Douglas Y. Bech sold 18,398 shares of J2 Global stock in a transaction on Monday, November 4th. The stock was sold at an average price of $97.80, for a total value of $1,799,324.40. Following the sale, the director now owns 139,347 shares of the company’s stock, valued at $13,628,136.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
NASDAQ:JCOM opened at $100.43 on Friday. J2 Global Inc has a twelve month low of $65.07 and a twelve month high of $100.53. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 16.96 and a beta of 0.79. The stock has a fifty day simple moving average of $93.37 and a 200-day simple moving average of $88.32. The company has a current ratio of 0.84, a quick ratio of 0.94 and a debt-to-equity ratio of 1.13.
J2 Global (NASDAQ:JCOM) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.58 by $0.12. The firm had revenue of $344.14 million for the quarter, compared to analyst estimates of $332.47 million. J2 Global had a return on equity of 29.54% and a net margin of 11.15%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.53 earnings per share. As a group, equities research analysts predict that J2 Global Inc will post 6.65 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Cardinal Capital Management increased its stake in shares of J2 Global by 1.2% during the third quarter. Cardinal Capital Management now owns 9,561 shares of the technology company’s stock valued at $868,000 after buying an additional 109 shares during the period. Whittier Trust Co. increased its stake in shares of J2 Global by 78.9% during the third quarter. Whittier Trust Co. now owns 322 shares of the technology company’s stock valued at $29,000 after buying an additional 142 shares during the period. Bridge City Capital LLC increased its stake in shares of J2 Global by 0.5% during the second quarter. Bridge City Capital LLC now owns 29,160 shares of the technology company’s stock valued at $2,592,000 after buying an additional 144 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of J2 Global by 29.6% during the third quarter. Tower Research Capital LLC TRC now owns 901 shares of the technology company’s stock valued at $82,000 after buying an additional 206 shares during the period. Finally, Flagship Harbor Advisors LLC increased its stake in shares of J2 Global by 263.0% during the third quarter. Flagship Harbor Advisors LLC now owns 363 shares of the technology company’s stock valued at $32,000 after buying an additional 263 shares during the period.
J2 Global Company 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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