Connect with us

Alaska

State of Alaska Department of Revenue Sells 1,005 Shares of Jacobs Solutions Inc. (NYSE:J)

Published

on

State of Alaska Department of Revenue Sells 1,005 Shares of Jacobs Solutions Inc. (NYSE:J)



State of Alaska Department of Revenue reduced its position in Jacobs Solutions Inc. (NYSE:J – Free Report) by 5.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,272 shares of the company’s stock after selling 1,005 shares during the quarter. State of Alaska Department of Revenue’s holdings in Jacobs Solutions were worth $2,500,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Boston Partners lifted its stake in Jacobs Solutions by 268.4% in the fourth quarter. Boston Partners now owns 2,891,429 shares of the company’s stock valued at $375,623,000 after buying an additional 2,106,589 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Jacobs Solutions by 134.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,658,049 shares of the company’s stock valued at $215,215,000 after acquiring an additional 951,369 shares during the period. Ceredex Value Advisors LLC boosted its stake in Jacobs Solutions by 117.2% during the fourth quarter. Ceredex Value Advisors LLC now owns 615,289 shares of the company’s stock worth $79,865,000 after acquiring an additional 332,053 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in Jacobs Solutions by 14,897.6% in the fourth quarter. Panagora Asset Management Inc. now owns 321,548 shares of the company’s stock worth $41,737,000 after purchasing an additional 319,404 shares during the period. Finally, Baupost Group LLC MA increased its stake in Jacobs Solutions by 49.2% in the fourth quarter. Baupost Group LLC MA now owns 727,786 shares of the company’s stock valued at $94,467,000 after purchasing an additional 240,000 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Trading Down 1.3 %

NYSE:J opened at $136.74 on Friday. Jacobs Solutions Inc. has a 52 week low of $119.76 and a 52 week high of $154.50. The firm has a 50-day moving average price of $139.74 and a two-hundred day moving average price of $140.87. The firm has a market cap of $17.12 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 1.60 and a beta of 0.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17.

Advertisement

Jacobs Solutions (NYSE:J – Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.07. The business had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.33 billion. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. Jacobs Solutions’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $1.81 earnings per share. On average, equities analysts expect that Jacobs Solutions Inc. will post 7.98 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors 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 0.85%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Robert W. Baird reduced their target price on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. William Blair downgraded Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Bank of America increased their target price on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Citigroup boosted their price target on shares of Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, Argus raised their price objective on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $156.82.

View Our Latest Report on Jacobs Solutions

Advertisement

Insiders Place Their Bets

In related news, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $145.31, for a total value of $217,965.00. Following the transaction, the chief financial officer now owns 231,604 shares in the company, valued at $33,654,377.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $145.31, for a total transaction of $217,965.00. Following the completion of the transaction, the chief financial officer now owns 231,604 shares in the company, valued at approximately $33,654,377.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $139.43, for a total value of $976,010.00. Following the transaction, the insider now owns 541,138 shares of the company’s stock, valued at approximately $75,450,871.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,500 shares of company stock valued at $3,180,575. Company insiders own 1.00% of the company’s stock.

Jacobs Solutions Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Jacobs Solutions (NYSE:J)



Advertisement

Receive News & Ratings for Jacobs Solutions Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Jacobs Solutions and related companies with MarketBeat.com’s FREE daily email newsletter.



Source link

Advertisement

Alaska

KYUK is vital for villages in Western Alaska. Without federal funding, the station cuts staff

Published

on

KYUK is vital for villages in Western Alaska. Without federal funding, the station cuts staff


A small public TV and radio station in Western Alaska is a vital information source for dozens of villages damaged by the remnants of Typhoon Halong in October. But with federal funding eliminated, KYUK faces severe cuts to its staff and small news department.

NPR’s Jeff Brady reports.

This segment airs on November 17, 2025. Audio will be available after the broadcast.



Source link

Advertisement
Continue Reading

Alaska

‘Punishing’: Alaska small-business owners consider next steps amid steep rises in health care costs

Published

on

‘Punishing’: Alaska small-business owners consider next steps amid steep rises in health care costs


United Way health care navigator Kelly Fehrman consults with a client about Affordable Care Act-related health insurance options from her office at the Providence Anchorage Family Medicine Center in Anchorage on June 17, 2025. (Marc Lester / ADN)

Thousands of Alaskans who purchase insurance through the Affordable Care Act marketplace will see their premiums skyrocket without the extension of subsidies that are set to expire at the end of the year.

The expiration of the enhanced premium tax credits could cripple small businesses in Alaska, some owners say, as they face premiums that in some cases will triple year over year, eating away at their ability to keep their businesses afloat.

“We’re working tooth and nail every day to make our way so we don’t have to rely on any help and assistance,” said Brie Loidolt, who owns a bookkeeping business in Anchorage and is facing an increase of hundreds of dollars per month in her premium costs.

Congress is “just punishing us for being small-business owners,” said Loidolt, who has weighed closing her business in response to the rise in health insurance costs.

Advertisement

Extension of the tax credits was a top priority for Senate Democrats during the longest government shutdown in U.S. history. But the shutdown ended Wednesday with no deal to extend the health care subsidies or provide any other measure to lower the cost of health care.

Congress now has until the end of the year to extend the credits — which were enacted in 2022 — or watch them expire.

Alaska’s U.S. Sen. Lisa Murkowski has said she supports the extension of the tax credits, at least in the short term, to avoid the projected sharp price increase. U.S. Sen. Dan Sullivan has also said he supports an extension of the subsidies. Alaska’s U.S. Rep. Nick Begich has not spoken in favor of their extension or responded to multiple interview requests on the subject.

The agreement to end the shutdown included a promise from the Senate majority leader to hold a vote on a proposal to extend the tax credits before the end of the year, but Alaskans are already being asked to make decisions about their 2026 coverage. For them, action from Congress can’t come soon enough.

​​“I need my government, specifically my congressional delegation, to speak for me concerning the levers of power in this country, and I feel absolutely abandoned,” said Mark Robokoff, who owns a pet supply shop in Anchorage and is staring down a more than 300% increase in the cost of insurance.

Advertisement

The impact of the elimination of the tax credits depends on the income, age and family size of the enrollee. Premium increases are greatest for Alaskans nearing retirement age who earn 401% of the poverty line or higher.

Of the roughly 25,000 Alaskans enrolled in plans purchased through the Affordable Care Act marketplace, many of those who will see the sharpest increase in insurance costs are owners of small businesses who say their contributions to the Alaska economy are on the line.

‘An entirely new calculus’

Robokoff said the monthly insurance premium for him and his partner is set to triple, going from $924 in 2025 to $2,886.

“This will pull the rug out from under me,” said Robokoff. “I thought I was doing the things that a society wants its members to do — create new businesses, create new jobs, improve the life of the surrounding community.”

AK Bark owner Mark Robokoff, photographed at his store in Anchorage in November 2024. (Loren Holmes / ADN archive)

Robokoff said that when he was younger, he went without insurance, but he now relies on medication that would cost thousands of dollars a month without insurance, so forgoing coverage is not an option.

Given the increase in the price of premiums, he said he will have to consider what changes to make in the business.

Advertisement

“It’s an entirely new calculus. Everything is going to have to be looked at, from the prices I pay for merchandise, the quality that I try to stock, the amount that I pay my employees to keep the best ones — every single aspect of the store is going to have to be re-examined,” he said.

Robokoff said his mindset so far has been a “fingers-crossed hope that Congress would not put us in this ridiculous situation.” He thought, “our situation is so drastic that the government can’t help but come to our aid.”

“That hope and surety is rapidly being stripped away,” he said, as lawmakers have repeatedly punted on an extension.

‘Cut us at the knees’

Loidolt, who owns an accounting firm that employs four people, said her insurance premiums are set to go up roughly $500 per month, or $6,000 for the year, without the subsidies.

She already pays $1,347 per month in premiums. Without the extension of the subsidies, she’ll be paying more per month for her health insurance than she spends on her mortgage.

Advertisement

“Who can afford to live when 30% of everything you bring in just pays for insurance and deductible?” Loidolt said.

Loidolt said she has tried to purchase a company plan for her business, but she learned that insurance companies largely don’t offer plans to companies in Alaska with fewer than five participating employees.

“So our hands are kind of tied there, too. It’s not like we have options and we’re choosing this more expensive option through the marketplace,” she said.

Loidolt recently suffered an accident that has left her with ongoing medical needs that would cost thousands of dollars a month without insurance. Going without insurance is not on the table, she said.

Given rising health care costs, Loidolt said she is considering shutting down her business, laying off her employees and ending the accounting services she provides to roughly 40 small businesses.

Advertisement

Loidolt said she thinks she could get a salaried job that comes with benefits, but closing her business would be “heartbreaking” and devastating for her clients.

“I feel like we’re part of the solution, and this is going to make us part of the problem,” she said. “We’re the people that are actually paying our bills every month. We’re not on assistance. We’re making it work, even with these ridiculous prices. We’re offering jobs with small companies. We’re offering competition to people so that the monopolies don’t take over. And they’re just going to cut us at the knees.”

[GOP plans to replace Obamacare have failed. Here’s what lawmakers propose now.]

‘It makes me want to throw up’

Nan Schleusner, a human resources consultant in Anchorage, said she and her husband — who are both sole proprietors — have relied on insurance purchased through the Affordable Care Act since the enhanced premium tax credits kicked in.

The tax credits made marketplace plans affordable for them for the first time, just as Schleusner and her husband were getting older and encountering more health concerns.

Advertisement

“Thank God” they got the insurance, Schleusner said, because in 2022, she was diagnosed with cancer.

“It was really wonderful when the enhanced premium tax credits took effect, because it helped with these extreme medical bills that we ended up having,” she said. “It was just that peace of mind, like, OK, it’s still a stretch — it’s not inexpensive — but we can do it.”

But now, Schleusner is facing $37,000 in annual premium payments and a $15,000 deductible for her family of three, for the cheapest plan on offer.

Schleusner said she is considering reaching out to some of the companies she consults for and asking to become their employee so she can join their insurance plan.

“I’ve been doing this 15 years, and I feel called to do it,” she said. “So I don’t want to give it up. It’s been some sleepless nights.”

Advertisement

Schleusner this year paid $1,380 per month for her family of three, or $16,560 in premiums for the year. To keep the same plan she currently has next year, she’d pay more than 300% of this year’s cost, with premiums totaling over $52,000 annually.

“It makes me want to throw up every time I look at it,” she said.

“There’s the affordability part, but there’s the ‘what on Earth is going on that this is costing $50,000 a year?’ That’s not a reasonable cost,” she said.





Source link

Advertisement
Continue Reading

Alaska

From isolation to connection: Alaska gamers embrace local area network at weekend fest

Published

on

From isolation to connection: Alaska gamers embrace local area network at weekend fest


FAIRBANKS, Alaska (KTUU/KTVF) – The first ever Alaska LAN party, is underway Nov. 14–16, bringing a classic style of gaming back to the community.

LANFest, which started as a charitable outreach of Intel, provides substantial support to groups like the Alaska LAN Society by sourcing network equipment and prizes, including processors, cases, mice, and keyboards, for attendees.

LAN events, which involve players bringing their computers to one location and connecting to a shared network, were once standard before high-speed home internet became widely available.

Organizers from the local Alaska LAN Society emphasize that the gathering is about much more than just the games; it is an effort to “build healthy communities through gaming.”

Advertisement

The event directly confronts the isolation that has become typical of online gaming, especially post-pandemic.

By providing a shared physical space, the event aims to dispel the stereotype of the isolated gamer and encourage participants—especially younger players—to meet new people, discover new games, and engage in “lighthearted and fun” banter that is often missing from online interactions.

The organizers are also seeking to establish this LAN party as an ongoing tradition in Fairbanks, with hopes of growing to two events per year in the future.

In addition to being a community hub for gamers, Alaska LAN is serving as a charitable fundraiser.

Partnering with the national charity LANFest, the event is hosting a packaged food drive for the local Fairbanks Bread Line.

Advertisement

A “for donation snack bar” is raising money to benefit both the Bread Line and Child’s Play, a national charity dedicated to providing games and toys to children’s hospitals.

The event, held in collaboration with UAF eSports, is a Friday-to-Sunday affair, beginning at 4pm on Friday and running until 2am each night, before reopening at 10am.

See a spelling or grammar error? Report it to web@ktuu.com



Source link

Advertisement
Continue Reading

Trending