Murphy & Mullick Capital Management Corp Invests $71,000 in Jacobs Solutions Inc. (NYSE:J)

Murphy & Mullick Capital Management Corp acquired a new position in shares of Jacobs Solutions Inc. (NYSE:J) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 534 shares of the company’s stock, valued at approximately $71,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Ninety One UK Ltd increased its stake in Jacobs Solutions by 29.2% during the fourth quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company’s stock worth $265,649,000 after purchasing an additional 449,161 shares during the period. Proficio Capital Partners LLC increased its stake in Jacobs Solutions by 15,913.6% during the 4th quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company’s stock worth $59,977,000 after buying an additional 446,057 shares during the period. Natixis Advisors LLC lifted its holdings in Jacobs Solutions by 138.9% during the 4th quarter. Natixis Advisors LLC now owns 479,452 shares of the company’s stock worth $64,065,000 after buying an additional 278,777 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Jacobs Solutions in the 4th quarter valued at approximately $24,069,000. Finally, Soros Fund Management LLC boosted its position in Jacobs Solutions by 34.3% in the 3rd quarter. Soros Fund Management LLC now owns 500,907 shares of the company’s stock valued at $65,569,000 after buying an additional 127,874 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Trading Up 0.2 %

Shares of Jacobs Solutions stock opened at $123.88 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. The company has a fifty day simple moving average of $130.03 and a 200-day simple moving average of $136.28. The stock has a market cap of $15.18 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 12-month low of $118.71 and a 12-month high of $156.31.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.04. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same quarter last year, the company posted $1.45 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions announced that its Board of Directors has authorized a share buyback program on Tuesday, February 4th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to reacquire up to 9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were given a dividend of $0.32 per share. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.28 annualized dividend and a yield of 1.03%. Jacobs Solutions’s payout ratio is 26.39%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on J. Citigroup reduced their price objective on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Truist Financial increased their price target on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Royal Bank of Canada reissued an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Robert W. Baird reduced their target price on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $150.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $153.63.

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.