IFP Advisors Inc Has $172,000 Holdings in Jacobs Solutions Inc. $J

IFP Advisors Inc grew its position in shares of Jacobs Solutions Inc. (NYSE:JFree Report) by 67.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,305 shares of the company’s stock after buying an additional 527 shares during the period. IFP Advisors Inc’s holdings in Jacobs Solutions were worth $172,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of J. GAMMA Investing LLC increased its holdings in shares of Jacobs Solutions by 90.2% during the first quarter. GAMMA Investing LLC now owns 2,282 shares of the company’s stock valued at $276,000 after acquiring an additional 1,082 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Jacobs Solutions by 2.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company’s stock valued at $15,379,000 after acquiring an additional 3,451 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Jacobs Solutions during the first quarter valued at approximately $9,715,000. Sowell Financial Services LLC bought a new stake in shares of Jacobs Solutions during the first quarter valued at approximately $530,000. Finally, Insigneo Advisory Services LLC increased its holdings in shares of Jacobs Solutions by 11.9% during the first quarter. Insigneo Advisory Services LLC now owns 2,027 shares of the company’s stock valued at $245,000 after acquiring an additional 216 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Down 0.4%

Shares of NYSE:J opened at $155.37 on Friday. The company has a market capitalization of $18.57 billion, a PE ratio of 38.75, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81. 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 business has a fifty day moving average price of $149.42 and a two-hundred day moving average price of $135.57. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $161.99.

Jacobs Solutions (NYSE:JGet Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the company earned $1.96 EPS. The business’s revenue for the quarter was down 28.4% on a year-over-year basis. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

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

Analyst Upgrades and Downgrades

J has been the subject of several recent research reports. Truist Financial boosted their price objective on Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a report on Wednesday, October 8th. Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday. KeyCorp upped their price target on Jacobs Solutions from $155.00 to $157.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jacobs Solutions in a report on Wednesday, October 8th. Finally, Citigroup upped their price target on Jacobs Solutions from $147.47 to $166.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.71.

Get Our Latest Stock Report on Jacobs Solutions

Jacobs Solutions Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Jacobs Solutions (NYSE:J)

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