Man Group plc Sells 246,149 Shares of J2 Global Inc (NASDAQ:JCOM)

Man Group plc lessened its stake in J2 Global Inc (NASDAQ:JCOM) by 64.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,461 shares of the technology company’s stock after selling 246,149 shares during the period. Man Group plc owned approximately 0.28% of J2 Global worth $12,302,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of JCOM. AQR Capital Management LLC raised its position in shares of J2 Global by 5.6% during the 2nd quarter. AQR Capital Management LLC now owns 920,423 shares of the technology company’s stock valued at $80,647,000 after buying an additional 48,701 shares in the last quarter. Janus Henderson Group PLC raised its position in J2 Global by 7.2% during the second quarter. Janus Henderson Group PLC now owns 755,820 shares of the technology company’s stock valued at $67,185,000 after purchasing an additional 50,470 shares in the last quarter. Prudential Financial Inc. lifted its stake in J2 Global by 13.0% during the second quarter. Prudential Financial Inc. now owns 582,664 shares of the technology company’s stock worth $51,793,000 after purchasing an additional 66,999 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in J2 Global by 8,400.2% during the second quarter. Nuveen Asset Management LLC now owns 458,928 shares of the technology company’s stock worth $40,794,000 after purchasing an additional 453,529 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of J2 Global by 0.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 387,964 shares of the technology company’s stock worth $34,486,000 after purchasing an additional 3,404 shares in the last quarter.

JCOM opened at $94.97 on Wednesday. The company has a market cap of $4.73 billion, a P/E ratio of 16.04 and a beta of 0.78. J2 Global Inc has a 12 month low of $65.07 and a 12 month high of $100.87. The business’s 50-day moving average price is $96.15 and its 200-day moving average price is $89.44. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.13.

J2 Global (NASDAQ:JCOM) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.12. The business had revenue of $344.14 million for the quarter, compared to analyst estimates of $332.47 million. J2 Global had a return on equity of 29.54% and a net margin of 11.15%. J2 Global’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the company earned $1.53 EPS. Equities research analysts forecast that J2 Global Inc will post 6.66 earnings per share for the current fiscal year.

Several equities analysts have recently commented on JCOM shares. Sidoti set a $118.00 price objective on J2 Global and gave the company a “buy” rating in a research report on Friday, November 1st. JMP Securities restated a “market outperform” rating and issued a $105.00 target price (up previously from $100.00) on shares of J2 Global in a research report on Thursday, October 3rd. Wedbush reaffirmed an “outperform” rating on shares of J2 Global in a research note on Monday, November 4th. ValuEngine lowered J2 Global from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Finally, Zacks Investment Research cut shares of J2 Global from a “buy” rating to a “hold” rating and set a $103.00 price target on the stock. in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $107.14.

In other J2 Global news, Director W Brian Kretzmer sold 1,800 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $87.03, for a total value of $156,654.00. Following the transaction, the director now owns 7,256 shares in the company, valued at $631,489.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas Y. Bech sold 18,398 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $97.80, for a total transaction of $1,799,324.40. Following the transaction, the director now directly owns 139,347 shares of the company’s stock, valued at $13,628,136.60. The disclosure for this sale can be found here. Insiders sold 40,198 shares of company stock worth $3,927,378 in the last 90 days. Company insiders own 5.90% of the company’s stock.

J2 Global 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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