Jacobs Solutions Inc. $J Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its position in Jacobs Solutions Inc. (NYSE:J) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,724 shares of the company’s stock after purchasing an additional 98 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Jacobs Solutions were worth $4,302,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Jacobs Solutions by 21.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,894 shares of the company’s stock valued at $1,684,000 after purchasing an additional 2,457 shares in the last quarter. Gibraltar Capital Management Inc. raised its holdings in shares of Jacobs Solutions by 13.9% in the 1st quarter. Gibraltar Capital Management Inc. now owns 56,003 shares of the company’s stock valued at $6,770,000 after purchasing an additional 6,824 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Jacobs Solutions by 12.7% in the 1st quarter. DAVENPORT & Co LLC now owns 19,776 shares of the company’s stock valued at $2,391,000 after purchasing an additional 2,222 shares in the last quarter. FORA Capital LLC acquired a new stake in shares of Jacobs Solutions in the 1st quarter valued at $1,986,000. Finally, IFM Investors Pty Ltd raised its holdings in shares of Jacobs Solutions by 12.8% in the 1st quarter. IFM Investors Pty Ltd now owns 22,603 shares of the company’s stock valued at $2,959,000 after purchasing an additional 2,571 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on J. Truist Financial raised their price objective on shares of Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a report on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jacobs Solutions in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. UBS Group lifted their price target on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Finally, KeyCorp lifted their price target on shares of Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $162.00.

Jacobs Solutions Trading Down 1.7%

NYSE J opened at $158.26 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $18.92 billion, a PE ratio of 39.47, a P/E/G ratio of 1.90 and a beta of 0.81. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $168.44. The firm’s fifty day moving average is $151.08 and its two-hundred day moving average is $138.07.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.06. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.09 billion. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The business’s quarterly revenue was down 28.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.96 earnings per share. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 0.8%. Jacobs Solutions’s payout ratio is currently 31.92%.

Jacobs Solutions Profile

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.