Synovus Financial Corp Acquires 350 Shares of Jacobs Solutions Inc. (NYSE:J)

Synovus Financial Corp raised its holdings in Jacobs Solutions Inc. (NYSE:J) by 7.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,117 shares of the company’s stock after purchasing an additional 350 shares during the quarter. Synovus Financial Corp’s holdings in Jacobs Solutions were worth $670,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of J. EdgeRock Capital LLC bought a new position in Jacobs Solutions in the 2nd quarter valued at $26,000. First Horizon Advisors Inc. increased its stake in shares of Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after buying an additional 74 shares during the period. Quarry LP increased its stake in shares of Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after buying an additional 233 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Jacobs Solutions in the 3rd quarter valued at $42,000. Finally, True Wealth Design LLC acquired a new stake in shares of Jacobs Solutions in the 3rd quarter valued at $44,000. Institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on J shares. StockNews.com started coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating for the company. Robert W. Baird lifted their target price on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Truist Financial lowered their target price on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $152.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions has an average rating of “Hold” and an average price target of $155.78.

Jacobs Solutions Stock Down 1.9 %

NYSE:J opened at $134.66 on Wednesday. Jacobs Solutions Inc. has a 1 year low of $104.90 and a 1 year high of $150.54. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. The stock has a market cap of $16.70 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 2.04 and a beta of 0.70. The stock has a 50-day moving average price of $140.09 and a two-hundred day moving average price of $142.31.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $4.50 billion. During the same period in the previous year, the firm posted $1.90 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, equities analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were paid a $0.29 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 0.86%. Jacobs Solutions’s payout ratio is 18.33%.

Jacobs Solutions Company 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.