Trading Report: Today, j2 Global Inc. (JCOM) Given “Buy” Rating at JMP Securities

Today, j2 Global Inc. (JCOM) Given “Buy” Rating at JMP Securities

JMP Securities reiterated their buy rating on shares of j2 Global Inc. (NASDAQ:JCOM) in a research report released on Monday.

A number of other brokerages have also recently commented on JCOM. Citigroup Inc. reiterated a buy rating and set a $73.00 price target on shares of j2 Global in a research report on Wednesday, August 17th. Zacks Investment Research cut shares of j2 Global from a buy rating to a hold rating in a research report on Monday, November 7th. Finally, Robert W. Baird initiated coverage on shares of j2 Global in a research report on Tuesday, August 30th. They set an outperform rating and a $83.00 price target on the stock.

Shares of j2 Global (NASDAQ:JCOM) opened at 75.79 on Monday. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 25.70 and a beta of 1.03. The stock has a 50 day moving average of $69.18 and a 200 day moving average of $66.94. j2 Global has a 1-year low of $55.43 and a 1-year high of $84.15.

j2 Global (NASDAQ:JCOM) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $1.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.01. The company had revenue of $210.10 million for the quarter, compared to analysts’ expectations of $211.46 million. j2 Global had a net margin of 17.50% and a return on equity of 25.08%. j2 Global’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.04 earnings per share. Analysts predict that j2 Global will post $4.90 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 5th. Stockholders of record on Friday, November 18th will be paid a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Wednesday, November 16th. This is a positive change from j2 Global’s previous quarterly dividend of $0.35. j2 Global’s dividend payout ratio is 47.97%.

In other news, Director W Brian Kretzmer sold 6,600 shares of the stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $67.95, for a total transaction of $448,470.00. Following the completion of the sale, the director now owns 14,897 shares of the company’s stock, valued at $1,012,251.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Stephen Ross sold 19,836 shares of the stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $67.84, for a total value of $1,345,674.24. Following the sale, the director now directly owns 28,107 shares of the company’s stock, valued at approximately $1,906,778.88. The disclosure for this sale can be found here. Insiders own 5.11% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in JCOM. Advisor Group Inc. bought a new stake in j2 Global during the second quarter worth $101,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in j2 Global by 13.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,516 shares of the company’s stock worth $101,000 after buying an additional 183 shares during the period. LS Investment Advisors LLC raised its stake in j2 Global by 73.7% in the second quarter. LS Investment Advisors LLC now owns 2,799 shares of the company’s stock worth $177,000 after buying an additional 1,188 shares during the period. Tower Research Capital LLC TRC raised its stake in j2 Global by 904.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,074 shares of the company’s stock worth $194,000 after buying an additional 2,768 shares during the period. Finally, Societe Generale bought a new stake in j2 Global during the second quarter worth $196,000.

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