Jacobs Solutions Inc. (NYSE:J) Stock Holdings Decreased by American Century Companies Inc.

American Century Companies Inc. reduced its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 73.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,427 shares of the company's stock after selling 214,748 shares during the quarter. American Century Companies Inc. owned approximately 0.06% of Jacobs Solutions worth $10,479,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Heritage Family Offices LLP boosted its holdings in shares of Jacobs Solutions by 55.7% in the 4th quarter. Heritage Family Offices LLP now owns 14,912 shares of the company's stock valued at $1,993,000 after buying an additional 5,332 shares during the period. Stratos Wealth Partners LTD. boosted its stake in Jacobs Solutions by 1.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 9,767 shares of the company's stock valued at $1,305,000 after acquiring an additional 175 shares during the period. Occidental Asset Management LLC grew its holdings in shares of Jacobs Solutions by 11.7% during the fourth quarter. Occidental Asset Management LLC now owns 25,045 shares of the company's stock valued at $3,347,000 after purchasing an additional 2,619 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Jacobs Solutions by 12.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company's stock worth $56,778,000 after purchasing an additional 47,211 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Jacobs Solutions in the 3rd quarter worth approximately $3,205,000. Institutional investors and hedge funds own 85.65% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages recently commented on J. Citigroup dropped their target price on Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Truist Financial increased their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a "hold" rating in a report on Thursday, December 19th. The Goldman Sachs Group restated a "neutral" rating and issued a $150.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Finally, Robert W. Baird cut their price target on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Five investment analysts have 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 company has a consensus rating of "Moderate Buy" and an average price target of $153.86.

Jacobs Solutions Price Performance

Shares of J stock traded down $0.48 during mid-day trading on Monday, hitting $110.97. 1,394,309 shares of the stock traded hands, compared to its average volume of 759,677. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $13.60 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 1.84 and a beta of 0.73. The company's 50-day simple moving average is $126.71 and its 200-day simple moving average is $134.79. Jacobs Solutions Inc. has a twelve month low of $104.99 and a twelve month high of $156.31.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.04. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period in the previous year, the company earned $1.45 earnings per share. Jacobs Solutions's revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 1.15%. Jacobs Solutions's dividend payout ratio is currently 26.39%.

Jacobs Solutions 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.