IFP Advisors Inc Buys 527 Shares of Jacobs Solutions Inc. $J

IFP Advisors Inc increased its stake in Jacobs Solutions Inc. (NYSE:J) by 67.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,305 shares of the company’s stock after purchasing an additional 527 shares during the period. IFP Advisors Inc’s holdings in Jacobs Solutions were worth $172,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of J. Fulton Bank N.A. boosted its stake in Jacobs Solutions by 0.9% in the second quarter. Fulton Bank N.A. now owns 8,570 shares of the company’s stock valued at $1,127,000 after buying an additional 74 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Jacobs Solutions by 8.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,036 shares of the company’s stock valued at $136,000 after buying an additional 78 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its stake in Jacobs Solutions by 4.3% in the first quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company’s stock valued at $255,000 after buying an additional 87 shares in the last quarter. Tlwm boosted its stake in Jacobs Solutions by 1.7% in the first quarter. Tlwm now owns 6,225 shares of the company’s stock valued at $753,000 after buying an additional 105 shares in the last quarter. Finally, Kestra Private Wealth Services LLC boosted its stake in Jacobs Solutions by 2.6% in the first quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company’s stock valued at $510,000 after buying an additional 108 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $155.37 on Friday. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $161.99. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The stock’s 50 day moving average is $149.42 and its 200 day moving average is $135.57. The firm has a market cap of $18.57 billion, a P/E ratio of 38.75, a P/E/G ratio of 1.84 and a beta of 0.81.

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

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.28 annualized dividend and a yield of 0.8%. Jacobs Solutions’s payout ratio is 31.92%.

Wall Street Analyst Weigh In

J has been the topic of several research analyst reports. KeyCorp raised their price objective on Jacobs Solutions from $155.00 to $157.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. UBS Group lifted their price target on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jacobs Solutions in a research note on Wednesday, October 8th. Truist Financial lifted their price target on Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a research note on Wednesday, October 8th. Finally, Citigroup lifted their price target on Jacobs Solutions from $147.47 to $166.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $157.71.

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.