Cardinal Capital Management raised its stake in J2 Global Inc (NASDAQ:JCOM) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,896 shares of the company’s stock after buying an additional 137 shares during the period. Cardinal Capital Management’s holdings in J2 Global were worth $485,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the company. Louisiana State Employees Retirement System purchased a new stake in shares of J2 Global during the fourth quarter valued at $1,045,000. Nationwide Fund Advisors raised its stake in shares of J2 Global by 229.6% in the fourth quarter. Nationwide Fund Advisors now owns 437,979 shares of the company’s stock valued at $36,054,000 after buying an additional 305,082 shares during the last quarter. Retirement Systems of Alabama purchased a new stake in shares of J2 Global during the fourth quarter valued at $4,876,000. Rice Hall James & Associates LLC raised its stake in shares of J2 Global by 74.9% in the fourth quarter. Rice Hall James & Associates LLC now owns 123,634 shares of the company’s stock valued at $10,178,000 after buying an additional 52,965 shares during the last quarter. Finally, ClariVest Asset Management LLC purchased a new stake in shares of J2 Global during the fourth quarter valued at $1,701,000.

J2 Global Inc (NASDAQ:JCOM) opened at 72.51 on Monday. J2 Global Inc has a 1-year low of $56.50 and a 1-year high of $84.15. The firm has a market cap of $3.52 billion and a price-to-earnings ratio of 27.16. The firm has a 50-day moving average price of $76.85 and a 200-day moving average price of $74.41.

J2 Global (NASDAQ:JCOM) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03. The business earned $178.70 million during the quarter, compared to the consensus estimate of $178.28 million. J2 Global’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 EPS. On average, analysts expect that J2 Global Inc will post $4.06 earnings per share for the current fiscal year.

JCOM has been the topic of several recent research reports. Zacks Investment Research raised J2 Global from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a report on Friday, November 20th. JMP Securities assumed coverage on J2 Global in a research note on Friday, December 18th. They issued an “outperform” rating and a $100.00 price target on the stock. Finally, Susquehanna boosted their price target on J2 Global from $85.00 to $95.00 and gave the company a “positive” rating in a research note on Wednesday, November 4th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. J2 Global has a consensus rating of “Buy” and an average price target of $80.57.

In other J2 Global news, Director W Brian Kretzmer sold 6,600 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $78.88, for a total value of $520,608.00. Following the sale, the director now owns 10,156 shares in the company, valued at $801,105.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard S. Ressler sold 93,531 shares of the company’s stock in a transaction that occurred on Friday, December 4th. The shares were sold at an average price of $80.73, for a total value of $7,550,757.63. Following the completion of the sale, the director now owns 1,471,729 shares in the company, valued at approximately $118,812,682.17. The disclosure for this sale can be found here.

j2 Global, Inc. is a provider of services delivered through the Internet. The Company provides cloud services to businesses of all sizes, from individuals to enterprises. The Company operates in two segments: Business Cloud Services and Digital Media. The Company’s Digital Media business segment consists of the Web properties and business operations of Ziff Davis, Inc. (NASDAQ:JCOM). The Company’s cloud services and solutions include fax, voice and unified communications, email and customer relationship management, online backup, global network and operations, and customer support services. In February 2013, it acquired IGN Entertainment, Inc. On November 9, 2012, the Company acquired Ziff Davis. Effective March 18, 2013, it acquired MetroFax Inc. In April 2013, the Company acquired Backup Connect BV.

12 Month Chart for NASDAQ:JCOM

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