Jacobs Solutions Inc. (NYSE:J) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 242,989 shares of the company's stock after purchasing an additional 4,314 shares during the quarter. Victory Capital Management Inc. owned about 0.20% of Jacobs Solutions worth $29,375,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Orion Portfolio Solutions LLC raised its holdings in Jacobs Solutions by 0.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company's stock worth $1,471,000 after purchasing an additional 83 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in shares of Jacobs Solutions by 5.3% in the fourth quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock valued at $231,000 after buying an additional 87 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its stake in shares of 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. Ameritas Advisory Services LLC grew its holdings in Jacobs Solutions by 1.5% during the first quarter. Ameritas Advisory Services LLC now owns 8,034 shares of the company's stock worth $989,000 after acquiring an additional 117 shares during the period. Finally, Cetera Investment Advisers raised its position in Jacobs Solutions by 0.9% in the fourth quarter. Cetera Investment Advisers now owns 15,502 shares of the company's stock worth $2,071,000 after acquiring an additional 134 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Up 0.3%

J traded up $0.40 on Thursday, reaching $142.12. The company's stock had a trading volume of 405,707 shares, compared to its average volume of 594,161. The business's 50 day moving average is $130.53 and its 200 day moving average is $127.81. The stock has a market cap of $17.08 billion, a price-to-earnings ratio of 39.15, a price-to-earnings-growth ratio of 2.00 and a beta of 0.77. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $150.54. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.50 and a quick ratio of 1.50.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $3 billion. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. The business's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.91 EPS. As a group, research analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Friday, May 23rd. Jacobs Solutions's dividend payout ratio (DPR) is 35.26%.

Analyst Ratings Changes

J has been the subject of a number of research analyst reports. Truist Financial increased their target price on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. UBS Group reduced their price objective on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a report on Friday, May 9th. Royal Bank Of Canada upped their target price on Jacobs Solutions from $152.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Citigroup decreased their price objective on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, KeyCorp upgraded Jacobs Solutions from a "sector weight" rating to an "overweight" rating and set a $155.00 price objective for the company in a research report on Wednesday, July 16th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $151.38.

About Jacobs Solutions

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.