Raymond James Financial Services Advisors Inc. Sells 3,131 Shares of Jacobs Solutions Inc. (NYSE:J)

Raymond James Financial Services Advisors Inc. decreased its holdings in Jacobs Solutions Inc. (NYSE:J – Get Rating) by 7.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,570 shares of the company’s stock after selling 3,131 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Jacobs Solutions were worth $4,992,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Sentry Investment Management LLC raised its stake in Jacobs Solutions by 13.2% in the fourth quarter. Sentry Investment Management LLC now owns 857 shares of the company’s stock valued at $103,000 after buying an additional 100 shares during the period. Raymond James & Associates grew its position in shares of Jacobs Solutions by 4.1% in the fourth quarter. Raymond James & Associates now owns 64,353 shares of the company’s stock valued at $7,727,000 after purchasing an additional 2,544 shares during the last quarter. UBS Group AG grew its position in shares of Jacobs Solutions by 55.8% in the fourth quarter. UBS Group AG now owns 227,798 shares of the company’s stock valued at $27,352,000 after purchasing an additional 81,602 shares during the last quarter. WASHINGTON TRUST Co grew its position in shares of Jacobs Solutions by 20,409.7% in the fourth quarter. WASHINGTON TRUST Co now owns 97,421 shares of the company’s stock valued at $11,697,000 after purchasing an additional 96,946 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in shares of Jacobs Solutions by 2.9% in the fourth quarter. California Public Employees Retirement System now owns 295,439 shares of the company’s stock valued at $35,473,000 after purchasing an additional 8,346 shares during the last quarter. Institutional investors own 85.96% of the company’s stock.

Jacobs Solutions Stock Up 0.7 %

NYSE J opened at $116.48 on Friday. The business has a fifty day moving average price of $115.05 and a two-hundred day moving average price of $119.58. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.53 and a quick ratio of 1.53. Jacobs Solutions Inc. has a fifty-two week low of $106.78 and a fifty-two week high of $140.90. The stock has a market capitalization of $14.78 billion, a PE ratio of 19.32, a PEG ratio of 1.55 and a beta of 0.84.

Jacobs Solutions (NYSE:J – Get Rating) last released its earnings results on Tuesday, May 9th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.03. Jacobs Solutions had a return on equity of 14.78% and a net margin of 4.96%. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same period in the prior year, the company earned $1.72 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Equities analysts expect that Jacobs Solutions Inc. will post 7.37 earnings per share for the current fiscal year.

Jacobs Solutions declared that its Board of Directors has initiated a stock buyback program on Wednesday, January 25th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 6.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, May 26th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Thursday, May 25th. Jacobs Solutions’s payout ratio is 17.25%.

Insider Activity

In other news, Director Christopher M.T. Thompson sold 3,500 shares of the stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $119.64, for a total value of $418,740.00. Following the completion of the transaction, the director now directly owns 34,682 shares in the company, valued at approximately $4,149,354.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Steven J. Demetriou sold 6,666 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $115.20, for a total transaction of $767,923.20. Following the completion of the transaction, the insider now directly owns 601,290 shares of the company’s stock, valued at approximately $69,268,608. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher M.T. Thompson sold 3,500 shares of the firm’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $119.64, for a total value of $418,740.00. Following the transaction, the director now directly owns 34,682 shares of the company’s stock, valued at $4,149,354.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,498 shares of company stock worth $2,733,242. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on J. Credit Suisse Group decreased their target price on Jacobs Solutions from $161.00 to $155.00 in a research report on Wednesday, February 8th. Royal Bank of Canada upped their target price on Jacobs Solutions from $150.00 to $151.00 and gave the company an “outperform” rating in a research report on Wednesday, February 8th. Sanford C. Bernstein reduced their price target on Jacobs Solutions from $165.00 to $150.00 in a research report on Wednesday, May 10th. Finally, StockNews.com started coverage on Jacobs Solutions in a research report on Thursday. They set a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $149.00.

Jacobs Solutions Profile

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Jacobs Solutions, Inc is a holding company, which engages in the designing and deployment of technology-centric solutions. It operates through the following business segments: Critical Mission Solutions, People and Places Solutions, and PA Consulting. The Critical Mission Solutions segment offer broad sectors, including U.S.