Dimensional Fund Advisors LP lowered its position in shares of J2 Global Inc (NASDAQ:JCOM) by 13.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 849,721 shares of the technology company’s stock after selling 130,437 shares during the quarter. Dimensional Fund Advisors LP owned 1.73% of J2 Global worth $73,594,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. First Trust Advisors LP raised its holdings in shares of J2 Global by 10.9% during the second quarter. First Trust Advisors LP now owns 1,731,538 shares of the technology company’s stock valued at $149,969,000 after acquiring an additional 169,620 shares during the period. Summit Trail Advisors LLC raised its holdings in shares of J2 Global by 9,090.8% during the first quarter. Summit Trail Advisors LLC now owns 1,145,539 shares of the technology company’s stock valued at $1,146,000 after acquiring an additional 1,133,075 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of J2 Global by 3.6% during the second quarter. Bank of New York Mellon Corp now owns 789,890 shares of the technology company’s stock valued at $68,412,000 after acquiring an additional 27,483 shares during the period. Cardinal Capital Management LLC CT raised its holdings in shares of J2 Global by 2.7% during the first quarter. Cardinal Capital Management LLC CT now owns 517,144 shares of the technology company’s stock valued at $40,814,000 after acquiring an additional 13,557 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of J2 Global by 27.4% during the second quarter. Sei Investments Co. now owns 478,446 shares of the technology company’s stock valued at $41,438,000 after acquiring an additional 103,020 shares during the period. Institutional investors and hedge funds own 99.77% of the company’s stock.

Shares of JCOM opened at $81.68 on Tuesday. J2 Global Inc has a 52 week low of $70.27 and a 52 week high of $91.58. The company has a market cap of $4.08 billion, a P/E ratio of 15.14, a P/E/G ratio of 1.79 and a beta of 0.88. 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 (NASDAQ:JCOM) last announced its quarterly earnings data on Thursday, August 9th. The technology company reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.06. J2 Global had a net margin of 11.19% and a return on equity of 26.39%. The firm had revenue of $287.89 million for the quarter, compared to the consensus estimate of $299.59 million. During the same period in the previous year, the firm posted $1.33 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. equities research analysts predict that J2 Global Inc will post 5.79 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Monday, August 20th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Friday, August 17th. This is an increase from J2 Global’s previous quarterly dividend of $0.42. This represents a $1.70 dividend on an annualized basis and a yield of 2.08%. J2 Global’s payout ratio is presently 31.42%.

JCOM has been the topic of a number of recent analyst reports. BidaskClub lowered shares of J2 Global from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 14th. Robert W. Baird restated a “buy” rating and set a $92.00 price target on shares of J2 Global in a report on Monday, August 13th. Finally, Citigroup cut their price target on shares of J2 Global from $88.00 to $86.00 and set a “neutral” rating on the stock in a report on Monday, August 13th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. J2 Global presently has an average rating of “Hold” and a consensus target price of $92.67.

In other J2 Global news, CEO Vivek Shah sold 3,000 shares of the business’s stock in a transaction that occurred 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 directly owns 723,830 shares of the company’s stock, valued at $58,941,476.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steve P. Dunn sold 1,052 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $83.90, for a total transaction of $88,262.80. Following the completion of the sale, the insider now directly owns 18,416 shares of the company’s stock, valued at $1,545,102.40. The disclosure for this sale can be found here. Insiders have sold 9,509 shares of company stock worth $795,417 over the last ninety days. 5.15% of the stock is currently owned by insiders.

J2 Global 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.

See Also: Asset Allocation

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

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