Duality Advisers LP Invests $1.22 Million in J2 Global Inc (NASDAQ:JCOM)

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Duality Advisers LP bought a new stake in shares of J2 Global Inc (NASDAQ:JCOM) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,245 shares of the technology company’s stock, valued at approximately $1,216,000.

Other hedge funds have also made changes to their positions in the company. Norges Bank bought a new stake in shares of J2 Global during the 4th quarter valued at $51,678,000. Wellington Management Group LLP purchased a new stake in J2 Global in the first quarter worth about $14,583,000. Ziegler Capital Management LLC bought a new position in shares of J2 Global in the first quarter worth about $12,518,000. Fuller & Thaler Asset Management Inc. lifted its position in shares of J2 Global by 28.2% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 744,296 shares of the technology company’s stock valued at $55,711,000 after buying an additional 163,769 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in shares of J2 Global by 26.5% during the 1st quarter. Nuveen Asset Management LLC now owns 725,282 shares of the technology company’s stock valued at $54,287,000 after buying an additional 151,923 shares in the last quarter.

JCOM has been the topic of several analyst reports. Sidoti lowered their price target on shares of J2 Global from $108.00 to $104.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. JMP Securities dropped their target price on shares of J2 Global from $105.00 to $98.00 and set a “market outperform” rating for the company in a report on Wednesday, May 13th. Susquehanna Bancshares decreased their price target on J2 Global from $130.00 to $120.00 in a report on Wednesday, May 13th. BidaskClub lowered J2 Global from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Finally, Wedbush cut their target price on J2 Global from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $100.92.

J2 Global stock opened at $56.72 on Friday. J2 Global Inc has a 52-week low of $53.24 and a 52-week high of $104.57. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 1.25. The firm’s fifty day moving average is $63.69 and its 200 day moving average is $78.38. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 1.12 and a beta of 0.72.

J2 Global (NASDAQ:JCOM) last announced its earnings results on Monday, May 11th. The technology company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.05. The firm had revenue of $332.40 million for the quarter, compared to analysts’ expectations of $331.36 million. J2 Global had a net margin of 12.81% and a return on equity of 27.28%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.40 EPS. On average, equities research analysts anticipate that J2 Global Inc will post 6.35 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for J2 Global (NASDAQ:JCOM)

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