J2 Global (JCOM) Receives $94.33 Average Target Price from Brokerages

Shares of J2 Global (NASDAQ:JCOM) have earned an average recommendation of “Buy” from the seven research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $94.33.

Several analysts have weighed in on JCOM shares. Zacks Investment Research cut J2 Global from a “hold” rating to a “strong sell” rating in a research report on Monday, February 12th. BidaskClub upgraded shares of J2 Global from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. William Blair restated an “outperform” rating on shares of J2 Global in a research report on Wednesday, February 7th. Robert W. Baird upped their price objective on shares of J2 Global from $94.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, ValuEngine downgraded shares of J2 Global from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st.

In other J2 Global news, CEO Vivek Shah sold 3,000 shares of the company’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $82.90, for a total transaction of $248,700.00. Following the completion of the transaction, the chief executive officer now owns 742,232 shares in the company, valued at approximately $61,531,032.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Steve P. Dunn sold 2,911 shares of the company’s stock in a transaction on Friday, May 11th. The stock was sold at an average price of $87.36, for a total transaction of $254,304.96. Following the transaction, the insider now owns 23,412 shares of the company’s stock, valued at approximately $2,045,272.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,220 shares of company stock valued at $5,176,829. 5.15% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Municipal Employees Retirement System of Michigan increased its stake in shares of J2 Global by 4.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 15,250 shares of the technology company’s stock worth $1,204,000 after buying an additional 630 shares during the last quarter. California Public Employees Retirement System grew its position in shares of J2 Global by 0.7% in the 4th quarter. California Public Employees Retirement System now owns 114,289 shares of the technology company’s stock valued at $8,575,000 after buying an additional 794 shares during the last quarter. Mason Street Advisors LLC grew its position in shares of J2 Global by 3.4% in the 1st quarter. Mason Street Advisors LLC now owns 24,659 shares of the technology company’s stock valued at $1,946,000 after buying an additional 809 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of J2 Global by 47.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,588 shares of the technology company’s stock valued at $194,000 after buying an additional 831 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of J2 Global by 2.9% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 29,100 shares of the technology company’s stock valued at $2,184,000 after buying an additional 832 shares during the last quarter.

Shares of NASDAQ JCOM traded down $0.04 during trading hours on Thursday, reaching $86.14. The stock had a trading volume of 269,958 shares, compared to its average volume of 383,796. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 1.93 and a beta of 0.84. J2 Global has a twelve month low of $70.27 and a twelve month high of $90.90.

J2 Global (NASDAQ:JCOM) last released its earnings results on Monday, May 7th. The technology company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.02. The firm had revenue of $280.62 million for the quarter, compared to analyst estimates of $274.66 million. J2 Global had a return on equity of 26.09% and a net margin of 11.58%. During the same quarter in the prior year, the firm posted $0.41 earnings per share. research analysts anticipate that J2 Global will post 5.59 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 18th will be given a dividend of $0.415 per share. The ex-dividend date is Thursday, May 17th. This represents a $1.66 dividend on an annualized basis and a yield of 1.93%. This is an increase from J2 Global’s previous quarterly dividend of $0.41. J2 Global’s dividend payout ratio is presently 30.68%.

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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