Forum Financial Management LP Increases Holdings in Jacobs Solutions Inc. $J

Forum Financial Management LP grew its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 6.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,123 shares of the company’s stock after acquiring an additional 176 shares during the period. Forum Financial Management LP’s holdings in Jacobs Solutions were worth $411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of J. Ninety One UK Ltd grew its position in shares of Jacobs Solutions by 17.1% during the 2nd quarter. Ninety One UK Ltd now owns 2,549,219 shares of the company’s stock valued at $335,095,000 after acquiring an additional 372,275 shares during the period. Nuveen LLC bought a new stake in shares of Jacobs Solutions during the 1st quarter valued at $43,251,000. Vontobel Holding Ltd. grew its position in shares of Jacobs Solutions by 639.3% during the 1st quarter. Vontobel Holding Ltd. now owns 342,251 shares of the company’s stock valued at $41,375,000 after acquiring an additional 295,957 shares during the period. Teacher Retirement System of Texas grew its position in shares of Jacobs Solutions by 203.3% during the 1st quarter. Teacher Retirement System of Texas now owns 227,518 shares of the company’s stock valued at $27,505,000 after acquiring an additional 152,494 shares during the period. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Jacobs Solutions during the 1st quarter valued at $17,570,000. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Down 0.8%

Shares of J stock opened at $159.43 on Friday. The stock has a market cap of $19.06 billion, a P/E ratio of 39.76, a PEG ratio of 1.88 and a beta of 0.81. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $168.44. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The company’s fifty day simple moving average is $150.59 and its two-hundred day simple moving average is $137.34.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.56 by $0.06. The business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations 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 company earned $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, August 22nd. Jacobs Solutions’s dividend payout ratio is currently 31.92%.

Wall Street Analysts Forecast Growth

J has been the subject of a number of recent research reports. KeyCorp boosted their price objective on shares of Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Barclays upped their target price on shares of Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Citigroup upped their target price on shares of Jacobs Solutions from $169.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Truist Financial upped their target price on shares of Jacobs Solutions from $148.00 to $163.00 and gave the stock a “hold” rating in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $162.00.

Jacobs Solutions Company 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.