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

Synovus Financial Corp grew its position in Jacobs Solutions Inc. (NYSE:J) by 7.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,117 shares of the company’s stock after purchasing an additional 350 shares during the period. Synovus Financial Corp’s holdings in Jacobs Solutions were worth $670,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. raised its holdings in Jacobs Solutions by 44.3% during the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after acquiring an additional 74 shares in the last quarter. Hudson Edge Investment Partners Inc. raised its holdings in Jacobs Solutions by 1.4% during the second quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock worth $834,000 after acquiring an additional 82 shares in the last quarter. Empirical Finance LLC raised its holdings in Jacobs Solutions by 1.9% during the third quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock worth $570,000 after acquiring an additional 82 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in Jacobs Solutions by 4.0% during the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock worth $293,000 after acquiring an additional 86 shares in the last quarter. Finally, Global Financial Private Client LLC raised its holdings in Jacobs Solutions by 2.6% during the second quarter. Global Financial Private Client LLC now owns 3,944 shares of the company’s stock worth $551,000 after acquiring an additional 100 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Trading Down 1.9 %

Shares of NYSE:J opened at $134.66 on Wednesday. The company has a market capitalization of $16.70 billion, a P/E ratio of 21.27, a P/E/G ratio of 2.04 and a beta of 0.70. Jacobs Solutions Inc. has a 1 year low of $104.90 and a 1 year high of $150.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20. The business’s 50 day simple moving average is $140.09 and its 200 day simple moving average is $142.31.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter in the previous year, the company earned $1.90 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts anticipate that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal 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 dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.86%. The ex-dividend date was Friday, October 25th. Jacobs Solutions’s payout ratio is presently 18.33%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on J. Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Royal Bank of Canada restated an “outperform” rating and issued a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. StockNews.com began coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating on the stock. Robert W. Baird upped their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $155.78.

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.