Hancock Whitney Corp Buys 742 Shares of J2 Global Inc (NASDAQ:JCOM)

Hancock Whitney Corp lifted its stake in shares of J2 Global Inc (NASDAQ:JCOM) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,627 shares of the technology company’s stock after acquiring an additional 742 shares during the quarter. Hancock Whitney Corp owned about 0.11% of J2 Global worth $4,678,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC raised its holdings in shares of J2 Global by 8,400.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 458,928 shares of the technology company’s stock worth $40,794,000 after buying an additional 453,529 shares in the last quarter. Thoroughbred Financial Services LLC increased its position in shares of 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 valued at $27,982,000 after acquiring an additional 276,950 shares during the period. Jackson Square Partners LLC increased its position in shares of 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 valued at $185,513,000 after acquiring an additional 135,857 shares during the period. Schroder Investment Management Group increased its position in shares of 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 valued at $10,788,000 after acquiring an additional 113,860 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH increased its position in shares of 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 valued at $23,281,000 after acquiring an additional 93,000 shares during the period.

In related news, VP Jeremy Rossen sold 2,617 shares of the business’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 sale, the vice president now owns 32,440 shares of the company’s stock, valued at $2,708,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Brian Kretzmer sold 1,800 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $87.03, for a total transaction of $156,654.00. Following the sale, the director now directly owns 7,256 shares in the company, valued at approximately $631,489.68. The disclosure for this sale can be found here. Insiders own 5.90% of the company’s stock.

Shares of JCOM traded up $0.71 during trading hours on Thursday, reaching $88.87. 60,696 shares of the company traded hands, compared to its average volume of 361,531. The company’s fifty day moving average price is $86.72 and its two-hundred day moving average price is $86.95. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 15.01 and a beta of 0.80. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.09. J2 Global Inc has a 12 month low of $65.07 and a 12 month high of $92.28.

J2 Global (NASDAQ:JCOM) last announced its earnings results on Tuesday, August 6th. The technology company reported $1.47 earnings per share 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 analyst estimates of $320.25 million. J2 Global had a net margin of 11.61% and a return on equity of 28.85%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.50 EPS. On average, analysts expect that J2 Global Inc will post 6.63 EPS for the current year.

JCOM has been the topic of a number of analyst reports. BidaskClub upgraded shares of J2 Global from a “hold” rating to a “buy” rating in a research report on Saturday, September 14th. JMP Securities reaffirmed a “market outperform” rating and set a $105.00 target price (up previously from $100.00) on shares of J2 Global in a research note on Thursday. Sidoti lifted their target price on shares of J2 Global from $110.00 to $116.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Finally, ValuEngine lowered shares of J2 Global from a “hold” rating to a “sell” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $105.00.

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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