Nomura Holdings Inc. Buys New Stake in Jacobs Solutions Inc. (NYSE:J)

Nomura Holdings Inc. bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,550 shares of the company’s stock, valued at approximately $331,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in J. First Pacific Financial purchased a new position in Jacobs Solutions in the fourth quarter valued at $27,000. GAMMA Investing LLC purchased a new position in Jacobs Solutions in the fourth quarter valued at $27,000. ICA Group Wealth Management LLC purchased a new position in Jacobs Solutions in the fourth quarter valued at $30,000. Union Savings Bank increased its holdings in Jacobs Solutions by 78.1% in the fourth quarter. Union Savings Bank now owns 285 shares of the company’s stock valued at $37,000 after buying an additional 125 shares in the last quarter. Finally, Northwest Financial Advisors purchased a new position in Jacobs Solutions in the fourth quarter valued at $39,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $139.43, for a total transaction of $976,010.00. Following the sale, the insider now directly owns 541,138 shares in the company, valued at approximately $75,450,871.34. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $139.43, for a total value of $976,010.00. Following the sale, the insider now directly owns 541,138 shares of the company’s stock, valued at approximately $75,450,871.34. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $145.31, for a total transaction of $217,965.00. Following the completion of the sale, the chief financial officer now directly owns 231,604 shares in the company, valued at $33,654,377.24. The disclosure for this sale can be found here. Insiders have sold a total of 24,000 shares of company stock worth $3,503,195 in the last ninety days. 1.00% of the stock is owned by corporate insiders.

Jacobs Solutions Stock Performance

Shares of J stock opened at $140.96 on Friday. The firm’s 50 day moving average price is $140.77 and its 200-day moving average price is $140.10. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17. Jacobs Solutions Inc. has a one year low of $114.09 and a one year high of $154.50. The firm has a market cap of $17.65 billion, a P/E ratio of 27.21, a P/E/G ratio of 1.63 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, May 7th. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.07. The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.33 billion. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.81 EPS. As a group, equities research analysts predict that Jacobs Solutions Inc. will post 7.98 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, May 24th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.16 dividend on an annualized basis and a yield of 0.82%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Robert W. Baird cut their price objective on shares of Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. StockNews.com cut shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Argus boosted their target price on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. William Blair cut shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Finally, Bank of America boosted their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $156.82.

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.