Quantum Capital Management reduced its holdings in shares of J2 Global Inc (NASDAQ:JCOM) by 20.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 9,059 shares of the technology company’s stock after selling 2,286 shares during the period. Quantum Capital Management’s holdings in J2 Global were worth $823,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of JCOM. Point72 Asset Management L.P. acquired a new stake in shares of J2 Global in the 2nd quarter worth $27,000. Whittier Trust Co. lifted its stake in shares of J2 Global by 78.9% in the third quarter. Whittier Trust Co. now owns 322 shares of the technology company’s stock valued at $29,000 after purchasing an additional 142 shares during the period. Flagship Harbor Advisors LLC lifted its stake in shares of J2 Global by 263.0% in the third quarter. Flagship Harbor Advisors LLC now owns 363 shares of the technology company’s stock valued at $32,000 after purchasing an additional 263 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of J2 Global in the second quarter valued at about $44,000. Finally, Quantamental Technologies LLC acquired a new stake in shares of J2 Global in the second quarter valued at about $50,000.
Several analysts recently commented on the stock. Sidoti set a $118.00 price objective on shares of J2 Global and gave the company a “buy” rating in a research note on Friday, November 1st. BidaskClub upgraded shares of J2 Global from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. ValuEngine cut shares of J2 Global from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Piper Jaffray Companies assumed coverage on shares of J2 Global in a research report on Wednesday, November 27th. They set an “overweight” rating for the company. Finally, Zacks Investment Research cut shares of J2 Global from a “buy” rating to a “hold” rating and set a $103.00 target price for the company. in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. J2 Global presently has a consensus rating of “Buy” and an average target price of $107.14.
J2 Global (NASDAQ:JCOM) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.12. The company had revenue of $344.14 million during the quarter, compared to the consensus estimate of $332.47 million. J2 Global had a net margin of 11.15% and a return on equity of 29.54%. J2 Global’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.53 earnings per share. As a group, research analysts expect that J2 Global Inc will post 6.66 earnings per share for the current year.
In other news, Director Douglas Y. Bech sold 18,398 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $97.80, for a total transaction of $1,799,324.40. Following the completion of the transaction, the director now owns 139,347 shares in the company, valued at $13,628,136.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W Brian Kretzmer sold 1,800 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $87.03, for a total transaction of $156,654.00. Following the completion of the transaction, the director now owns 7,256 shares of the company’s stock, valued at approximately $631,489.68. The disclosure for this sale can be found here. Insiders sold 40,198 shares of company stock worth $3,927,378 over the last ninety days. 5.90% of the stock is currently owned by corporate insiders.
J2 Global 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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