Needham Investment Management LLC Acquires 8,500 Shares of Jacobs Solutions Inc. $J

Key Points

• Needham Investment Management LLC increased its stake in Jacobs Solutions by 65.4%, acquiring an additional 8,500 shares and bringing its total holdings to 21,500 shares valued at approximately $2.6 million.
• Jacobs Solutions recently reported an earnings per share (EPS) of $1.62, beating analyst estimates but facing a 28.4% drop in quarterly revenue compared to the previous year.
• The company declared a quarterly dividend of $0.32 per share with an annualized yield of 0.9%, with dividends paid on September 19.

Needham Investment Management LLC raised its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 65.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,500 shares of the company's stock after buying an additional 8,500 shares during the quarter. Needham Investment Management LLC's holdings in Jacobs Solutions were worth $2,599,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of J. BNP Paribas Financial Markets purchased a new position in Jacobs Solutions during the fourth quarter worth about $30,303,000. Benjamin Edwards Inc. lifted its holdings in shares of Jacobs Solutions by 5.3% in the 4th quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock worth $231,000 after purchasing an additional 87 shares during the last quarter. Bank of America Corp DE raised its stake in Jacobs Solutions by 4.1% during the 4th quarter. Bank of America Corp DE now owns 1,782,488 shares of the company's stock valued at $238,176,000 after acquiring an additional 70,470 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Jacobs Solutions by 7.9% during the 4th quarter. Baird Financial Group Inc. now owns 15,051 shares of the company's stock valued at $2,011,000 after purchasing an additional 1,107 shares during the period. Finally, Captrust Financial Advisors grew its holdings in shares of Jacobs Solutions by 9.3% in the 4th quarter. Captrust Financial Advisors now owns 26,895 shares of the company's stock worth $3,594,000 after acquiring an additional 2,294 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Price Performance

NYSE J traded down $0.94 during trading on Tuesday, reaching $143.83. The company's stock had a trading volume of 846,243 shares, compared to its average volume of 585,281. The stock has a market capitalization of $17.19 billion, a PE ratio of 25.18, a P/E/G ratio of 1.97 and a beta of 0.79. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $152.40. The firm has a fifty day moving average of $142.33 and a 200 day moving average of $130.17.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $1.62 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 business had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter in the prior year, the firm earned $1.96 earnings per share. The firm's revenue 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 expect 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 will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. Jacobs Solutions's dividend payout ratio (DPR) is presently 31.92%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on J shares. Wall Street Zen upgraded Jacobs Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. UBS Group lifted their target price on Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Truist Financial boosted their price target on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. Citigroup increased their price target on Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, KeyCorp upped their target price on Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Jacobs Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $155.25.

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.