S&t Bankpa Lowers stake in J2 Global Inc (JCOM)

J2 Global Inc (JCOM) : S&t Bankpa reduced its stake in J2 Global Inc by 5.34% during the most recent quarter end. The investment management company now holds a total of 197,018 shares of J2 Global Inc which is valued at $13,414,956 after selling 11,117 shares in J2 Global Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.J2 Global Inc makes up approximately 2.10% of S&t Bankpa’s portfolio.

Other Hedge Funds, Including , Advantus Capital Management Inc reduced its stake in JCOM by selling 630 shares or 10.11% in the most recent quarter. The Hedge Fund company now holds 5,602 shares of JCOM which is valued at $381,440. J2 Global Inc makes up approx 0.01% of Advantus Capital Management Inc’s portfolio.State Board Of Administration Of Florida Retirement System reduced its stake in JCOM by selling 2,404 shares or 9.61% in the most recent quarter. The Hedge Fund company now holds 22,601 shares of JCOM which is valued at $1,575,516.Tocqueville Asset Management boosted its stake in JCOM in the latest quarter, The investment management firm added 5,464 additional shares and now holds a total of 128,300 shares of J2 Global Inc which is valued at $8,575,572. J2 Global Inc makes up approx 0.11% of Tocqueville Asset Management’s portfolio.Eagle Asset Management Inc reduced its stake in JCOM by selling 12,077 shares or 33.33% in the most recent quarter. The Hedge Fund company now holds 24,162 shares of JCOM which is valued at $1,607,981. J2 Global Inc makes up approx 0.01% of Eagle Asset Management Inc’s portfolio.

J2 Global Inc opened for trading at $65.38 and hit $66.4 on the upside on Friday, eventually ending the session at $65.87, with a gain of 0.44% or 0.29 points. The heightened volatility saw the trading volume jump to 2,32,805 shares. Company has a market cap of $3,163 M.

On the company’s financial health, J2 Global Inc reported $1.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $1.15. The company had revenue of $211.80 million for the quarter, compared to analysts expectations of $206.41 million. The company’s revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS.

j2 Global Inc. provides Internet services through two divisions: Business Cloud Services and Digital Media. The Business Cloud Services Division offers Internet fax virtual phone hosted e-mail e-mail marketing online backup unified communications and CRM solutions. It markets its services principally under the brand names eFax eVoice FuseMail Campaigner KeepItSafe Livedrive and Onebox and operates a messaging network spanning 49 countries on six continents. The Digital Media Division offers technology gaming and lifestyle content through its digital properties which include PCMag.com IGN.com AskMen.com Toolbox.com and others. The Digital Media Division also operates NetShelter Powered by BuyerBase an advanced digital ad targeting platform and Ziff Davis B2B a provider of research to enterprise buyers and leads to IT vendors.

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