J2 Global Inc (NASDAQ:JCOM) Shares Purchased by Stevens Capital Management LP

Stevens Capital Management LP boosted its holdings in J2 Global Inc (NASDAQ:JCOM) by 207.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,809 shares of the technology company’s stock after acquiring an additional 25,517 shares during the quarter. Stevens Capital Management LP owned 0.08% of J2 Global worth $3,361,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of JCOM. Bridge City Capital LLC boosted its stake in J2 Global by 0.5% during the 2nd quarter. Bridge City Capital LLC now owns 29,160 shares of the technology company’s stock valued at $2,592,000 after purchasing an additional 144 shares in the last quarter. Meitav Dash Investments Ltd. boosted its stake in J2 Global by 3.2% during the 1st quarter. Meitav Dash Investments Ltd. now owns 7,920 shares of the technology company’s stock valued at $681,000 after purchasing an additional 244 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in J2 Global by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 19,100 shares of the technology company’s stock valued at $1,698,000 after purchasing an additional 265 shares in the last quarter. Truvestments Capital LLC boosted its stake in J2 Global by 258.9% during the 2nd quarter. Truvestments Capital LLC now owns 402 shares of the technology company’s stock valued at $36,000 after purchasing an additional 290 shares in the last quarter. Finally, Tortoise Index Solutions LLC bought a new stake in shares of J2 Global during the 1st quarter worth $28,000. Hedge funds and other institutional investors own 99.90% of the company’s stock.

In other J2 Global news, insider R Scott Turicchi sold 5,626 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $86.98, for a total transaction of $489,349.48. Following the transaction, the insider now directly owns 291,489 shares in the company, valued at $25,353,713.22. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Steve P. Dunn sold 3,263 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $87.00, for a total value of $283,881.00. Following the transaction, the insider now owns 19,544 shares in the company, valued at $1,700,328. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by company insiders.



Shares of NASDAQ:JCOM traded down $0.17 during midday trading on Thursday, hitting $80.53. 6,707 shares of the stock were exchanged, compared to its average volume of 355,833. The company has a quick ratio of 1.25, a current ratio of 0.94 and a debt-to-equity ratio of 1.09. J2 Global Inc has a 52-week low of $65.07 and a 52-week high of $92.00. The stock’s fifty day moving average is $87.41. The company has a market cap of $3.96 billion, a P/E ratio of 13.60 and a beta of 0.83.

J2 Global (NASDAQ:JCOM) last announced its quarterly earnings data on Tuesday, August 6th. The technology company reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.05. J2 Global had a return on equity of 28.85% and a net margin of 11.61%. The business had revenue of $322.43 million during the quarter, compared to analyst estimates of $320.25 million. During the same period last year, the company earned $1.50 earnings per share. J2 Global’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, analysts anticipate that J2 Global Inc will post 6.63 EPS for the current fiscal year.

JCOM has been the subject of several research reports. BidaskClub lowered J2 Global from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Zacks Investment Research raised J2 Global from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Wednesday, April 17th. Wedbush raised their price objective on J2 Global from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. Finally, DA Davidson set a $110.00 price objective on J2 Global and gave the stock a “buy” rating in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $102.25.

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

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