Insider Selling: J2 Global Inc (JCOM) Insider Sells 5,626 Shares of Stock

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J2 Global Inc (NASDAQ:JCOM) insider R Scott Turicchi sold 5,626 shares of J2 Global 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 completion of the transaction, the insider now owns 291,489 shares of the company’s stock, valued at approximately $25,353,713.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

R Scott Turicchi also recently made the following trade(s):

  • On Thursday, May 16th, R Scott Turicchi sold 10,000 shares of J2 Global stock. The stock was sold at an average price of $86.67, for a total transaction of $866,700.00.

Shares of JCOM traded up $0.72 during trading hours on Tuesday, hitting $87.23. The company’s stock had a trading volume of 209,048 shares, compared to its average volume of 367,554. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.63 and a beta of 0.88. The company has a quick ratio of 1.50, a current ratio of 1.25 and a debt-to-equity ratio of 1.01. J2 Global Inc has a 52-week low of $65.07 and a 52-week high of $91.58.

J2 Global (NASDAQ:JCOM) last posted its earnings results on Tuesday, May 7th. The technology company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.14. The firm had revenue of $299.90 million during the quarter, compared to the consensus estimate of $296.12 million. J2 Global had a net margin of 11.60% and a return on equity of 28.93%. The company’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company earned $1.22 earnings per share. On average, sell-side analysts expect that J2 Global Inc will post 6.65 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Monday, May 20th will be paid a dividend of $0.455 per share. The ex-dividend date is Friday, May 17th. This represents a $1.82 annualized dividend and a yield of 2.09%. This is a boost from J2 Global’s previous quarterly dividend of $0.45. J2 Global’s payout ratio is currently 30.07%.

Several equities analysts have recently weighed in on JCOM shares. DA Davidson set a $110.00 target price on shares of J2 Global and gave the stock a “buy” rating in a research note on Monday, April 22nd. Zacks Investment Research downgraded shares of J2 Global from a “hold” rating to a “sell” rating in a research note on Wednesday, March 13th. Wedbush lifted their target price on shares of J2 Global from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. BidaskClub upgraded shares of J2 Global from a “hold” rating to a “buy” rating in a research note on Tuesday, February 5th. Finally, Citigroup lifted their target price on shares of J2 Global from $84.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, February 14th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $100.20.

A number of large investors have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. grew its stake in J2 Global by 19.4% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 738 shares of the technology company’s stock valued at $65,000 after acquiring an additional 120 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in J2 Global by 3.4% during the first quarter. PNC Financial Services Group Inc. now owns 5,339 shares of the technology company’s stock valued at $463,000 after acquiring an additional 174 shares in the last quarter. LS Investment Advisors LLC grew its stake in J2 Global by 6.6% during the fourth quarter. LS Investment Advisors LLC now owns 3,739 shares of the technology company’s stock valued at $259,000 after acquiring an additional 233 shares in the last quarter. Meitav Dash Investments Ltd. grew its stake in J2 Global by 3.2% during the first quarter. Meitav Dash Investments Ltd. now owns 7,920 shares of the technology company’s stock valued at $681,000 after acquiring an additional 244 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in J2 Global by 68.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 645 shares of the technology company’s stock valued at $45,000 after acquiring an additional 262 shares in the last quarter. 99.90% of the stock is owned by institutional investors.

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About J2 Global

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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