J2 Global Inc (JCOM) : Smith Graham Investment Advisors Lp scooped up 3,610 additional shares in J2 Global Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 125,333 shares of J2 Global Inc which is valued at $7,906,006.J2 Global Inc makes up approximately 1.02% of Smith Graham Investment Advisors Lp’s portfolio.
Other Hedge Funds, Including , Legal General Group Plc reduced its stake in JCOM by selling 795 shares or 6.07% in the most recent quarter. The Hedge Fund company now holds 12,305 shares of JCOM which is valued at $789,243.Capstone Asset Management Co reduced its stake in JCOM by selling 120 shares or 1.95% in the most recent quarter. The Hedge Fund company now holds 6,023 shares of JCOM which is valued at $386,315. J2 Global Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Fisher Asset Management boosted its stake in JCOM in the latest quarter, The investment management firm added 8,100 additional shares and now holds a total of 149,024 shares of J2 Global Inc which is valued at $9,775,974. J2 Global Inc makes up approx 0.02% of Fisher Asset Management’s portfolio.First Mercantile Trust Co reduced its stake in JCOM by selling 200 shares or 8.26% in the most recent quarter. The Hedge Fund company now holds 2,220 shares of JCOM which is valued at $143,701. J2 Global Inc makes up approx 0.02% of First Mercantile Trust Co’s portfolio.
J2 Global Inc closed down -0.01 points or -0.02% at $63.08 with 2,82,224 shares getting traded on Friday. Post opening the session at $63.14, the shares hit an intraday low of $62.55 and an intraday high of $63.64 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.
Many Wall Street Analysts have commented on J2 Global Inc. Robert W. Baird Initiated J2 Global Inc on Aug 31, 2016 to “Outperform”, Price Target of the shares are set at $83.
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.