Meeder Asset Management Inc. grew its holdings in shares of J2 Global Inc (NASDAQ:JCOM) by 7.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,831 shares of the technology company’s stock after purchasing an additional 524 shares during the period. Meeder Asset Management Inc.’s holdings in J2 Global were worth $695,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Seizert Capital Partners LLC acquired a new position in J2 Global during the 1st quarter worth approximately $1,305,000. Martingale Asset Management L P grew its holdings in J2 Global by 12.5% during the 1st quarter. Martingale Asset Management L P now owns 110,038 shares of the technology company’s stock valued at $9,531,000 after buying an additional 12,200 shares during the last quarter. Yorktown Management & Research Co Inc acquired a new stake in J2 Global during the 1st quarter valued at $208,000. Rothschild & Co. Asset Management US Inc. grew its holdings in J2 Global by 4.0% during the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 456,702 shares of the technology company’s stock valued at $40,596,000 after buying an additional 17,374 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in J2 Global by 83.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 9,652 shares of the technology company’s stock valued at $858,000 after buying an additional 4,378 shares during the last quarter.

In other J2 Global news, VP Jeremy Rossen sold 2,617 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $83.50, for a total transaction of $218,519.50. Following the sale, the vice president now owns 32,440 shares in the company, valued at approximately $2,708,740. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.90% of the stock is currently owned by corporate insiders.

A number of equities research analysts have commented on JCOM shares. Wedbush increased their target price on J2 Global from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. BidaskClub cut J2 Global from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $102.25.

Shares of NASDAQ:JCOM opened at $82.89 on Thursday. The business’s fifty day moving average price is $86.63 and its two-hundred day moving average price is $85.86. The stock has a market cap of $4.08 billion, a PE ratio of 14.00 and a beta of 0.83. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.94 and a current ratio of 0.94. J2 Global Inc has a one year low of $65.07 and a one year high of $92.00.

J2 Global (NASDAQ:JCOM) last announced its earnings results on Tuesday, August 6th. The technology company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. The firm had revenue of $322.43 million for the quarter, compared to analysts’ expectations of $320.25 million. J2 Global had a return on equity of 28.85% and a net margin of 11.61%. J2 Global’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.50 EPS. As a group, equities research analysts predict that J2 Global Inc will post 6.63 earnings per share for the current fiscal year.

About J2 Global

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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