US Bancorp DE Cuts Position in J2 Global Inc (NASDAQ:JCOM)

US Bancorp DE cut its stake in J2 Global Inc (NASDAQ:JCOM) by 12.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,158 shares of the technology company’s stock after selling 2,076 shares during the period. US Bancorp DE’s holdings in J2 Global were worth $1,347,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in JCOM. Thoroughbred Financial Services LLC grew its position in J2 Global by 9,636.4% in the second quarter. Thoroughbred Financial Services LLC now owns 279,824 shares of the technology company’s stock worth $27,982,000 after acquiring an additional 276,950 shares in the last quarter. Jackson Square Partners LLC grew its position in J2 Global by 6.8% in the first quarter. Jackson Square Partners LLC now owns 2,142,188 shares of the technology company’s stock worth $185,513,000 after acquiring an additional 135,857 shares in the last quarter. Schroder Investment Management Group grew its position in J2 Global by 1,518.1% in the second quarter. Schroder Investment Management Group now owns 121,360 shares of the technology company’s stock worth $10,788,000 after acquiring an additional 113,860 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in J2 Global by 55.1% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 261,904 shares of the technology company’s stock worth $23,281,000 after acquiring an additional 93,000 shares in the last quarter. Finally, AXA grew its position in J2 Global by 614.4% in the second quarter. AXA now owns 103,100 shares of the technology company’s stock worth $9,165,000 after acquiring an additional 88,668 shares in the last quarter.

Several research firms have weighed in on JCOM. BidaskClub raised shares of J2 Global from a “hold” rating to a “buy” rating in a research note on Saturday, September 14th. Sidoti boosted their price target on shares of J2 Global from $110.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $105.00.



J2 Global stock traded down $1.02 during mid-day trading on Tuesday, hitting $89.23. The company’s stock had a trading volume of 75,545 shares, compared to its average volume of 352,007. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 15.07 and a beta of 0.82. The business has a 50 day moving average price of $85.31 and a 200-day moving average price of $86.72. J2 Global Inc has a 12 month low of $65.07 and a 12 month high of $92.28.

J2 Global (NASDAQ:JCOM) last posted its quarterly earnings results on Tuesday, August 6th. The technology company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.05. The business had revenue of $322.43 million during the quarter, compared to the consensus estimate of $320.25 million. J2 Global had a net margin of 11.61% and a return on equity of 28.85%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.50 earnings per share. On average, equities research analysts expect that J2 Global Inc will post 6.63 earnings per share for the current fiscal year.

In other news, VP Jeremy Rossen sold 2,617 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $83.50, for a total transaction of $218,519.50. Following the completion of the transaction, the vice president now directly owns 32,440 shares of the company’s stock, valued at $2,708,740. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director W Brian Kretzmer sold 1,800 shares of the company’s 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 transaction, the director now directly owns 7,256 shares of the company’s stock, valued at $631,489.68. The disclosure for this sale can be found here. Corporate insiders own 5.90% of the company’s stock.

J2 Global Company 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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