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

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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.

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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

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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)



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Alaska

Alaska accuses crowdfunding websites of violating law, using charities’ names without their consent

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Alaska accuses crowdfunding websites of violating law, using charities’ names without their consent


The home page for the crowdfunding platform GoFundMe is shown on a device in New York, Oct. 16, 2024. (AP Photo/Peter Morgan, File)

The state of Alaska filed civil lawsuits Tuesday against six crowdfunding websites, accusing them of illegally soliciting donations for thousands of Alaska charities without consent.

In complaints filed at Anchorage Superior Court, the consumer protection unit of the Alaska Department of Law said GoFundMe, PayPal, Charity Navigator, Pledgling Technologies, JustGiving and Network For Good each violated the Alaska Charitable Solicitations Act thousands of times.

That act, in place since 1993, requires state registration for anyone who seeks donations on behalf of a charity.

The suits ask a judge to order the sites shut down the pages devoted to Alaska nonprofits and immediately disburse any donations to those nonprofits. It also asks for “separate civil penalties … of not less than $1,000 and not more than $25,000 per violation.”

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According to the complaints, the six crowdfunding sites scraped IRS data to obtain the information of thousands of Alaska nonprofits, then set up donation pages for each of those nonprofits without their consent.

That scraping was part of a nationwide campaign that encompassed almost a million and a half federally registered organizations.

In some cases, the sites charged fees or encouraged “tips” to themselves during the donation process. In many cases, they poured donations into a third-party account and only released donations to charities who stepped forward to claim them, according to the complaints.

Attorney General-designee Stephen Cox said the state became aware of the issue after California reporters and state officials began investigating why GoFundMe created donation pages for 1.4 million nonprofits without their consent or knowledge.

GoFundMe later took down pages created without consent, but other crowdfunding websites did not. On Tuesday morning, donation pages were still visible on Charity Navigator, one of the defendants named in the new Alaska lawsuits. GoFundMe has kept some pages created with the consent of charities.

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Earlier this week, almost two dozen state attorney generals sent a letter to GoFundMe, demanding answers to questions about its policies.

Alaska did not sign that letter, in part because officials here believed the response was too weak.

In a prepared statement, Cox said, “Alaska law is clear: if you’re going to raise money in a charity’s name, you must first get the charity’s consent. These lawsuits are about protecting donors, protecting nonprofits, and preserving the public trust that makes charitable giving possible.”

Laurie Wolf is President and CEO of the Foraker Group, which advises Alaska nonprofits and provides them with administrative support.

The Foraker Group has been issuing warnings about the issue for months, and Wolf filed an affidavit in support of the lawsuit, as did a representative of the Bethel Community Services Foundation and Bread Line Inc., which operates a food bank in Fairbanks.

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By phone on Tuesday, Wolf said the issue is a matter of consent: “They are impersonating 1.2 million nonprofits across this country, they’re impersonating them without their consent or even their knowledge.”

She said the issue became particularly important last fall, when people across the United States and the world became aware of the devastation caused by ex-Typhoon Halong in Western Alaska.

Many people, not knowing local Alaska charities, simply donated via links they found on internet searches. Some of those donations may have never reached their intended recipients.

If a crowdfunding website operates independently of the charity it intends to benefit, it might interfere with the charity’s own fundraising, she explained.

Someone might never be recognized for their gift and become angry, hurting the charity’s long-term relationship with their community.

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“They take away the ability for the organization to make choices for itself about how it wants to build trust and relationships with its donors, and how it wants to put its brand and its mission out in the public sphere. They’ve taken away all of our choices about that,” she said.

In addition, donations may be subject to fees or never reach a charity at all, particularly if the charity is unaware that a crowdfunding website is holding money for it to collect.

The Foraker Group went so far as to conduct an experiment and had an employee donate to the group through several of the defendants’ platforms. In multiple cases, it took weeks before the donation reached its intended recipient, and in some cases, the donor’s identity was concealed, making it impossible for the charity to properly thank them.

GoFundMe was the only defendant to respond to emailed inquiries before the Beacon’s reporting deadline on Tuesday.

“GoFundMe’s mission is to help people help each other by making it easier for donors to discover and support the causes they care about. We are committed to helping nonprofits reach new supporters by connecting them with the millions of people on our platform who want to make a difference. Nonprofit Pages were created using publicly available information to help people support nonprofit organizations, with donations going to the intended nonprofit,” said Jeff Platt, communications manager for GoFundMe.

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“After hearing feedback from nonprofit leaders in October, we acted quickly to make Nonprofit Pages fully opt-in, removed and de-indexed unclaimed pages, and turned off search engine optimization by default. The immediate changes we made directly addressed the concerns of the nonprofit community, and reflect our continued commitment to transparency, accountability, and partnership with the nonprofit sector,” he said.

This week’s lawsuits in state court rely in large part on the 1993 Alaska Charitable Solicitations Act.

That bill passed the Alaska Legislature amid a surge of concern about telemarketers soliciting donations by phone.

Then-Rep. Ron Larson, a Democrat from the Matanuska-Susitna Borough, sponsored the act and told fellow lawmakers at the time that “lookalike organizations” were “ripping off” legitimate charities.

The act made no mention of donations by internet, and in state law, it’s still labeled as “Telephonic solicitations,” but it goes on to state that under any circumstances it is unlawful to use a charity’s name or symbol without their permission.

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“Alaskans are generous people. But generosity depends on trust,” Cox said in his prepared statements. “GoFundMe and similar platforms used nonprofits’ good names to solicit donations without coordinating with the organizations actually doing the charitable work. That means some Alaskans may have donated thinking they were supporting a specific charity, when the charity never authorized the page and may never have received the donation — or may have received less than donors intended because of fees.”

Originally published by the Alaska Beacon, an independent, nonpartisan news organization that covers Alaska state government.





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Alaska

Jessie Holmes wins Alaska Air Transit Spirit of Iditarod Award

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Jessie Holmes wins Alaska Air Transit Spirit of Iditarod Award


 

Veteran musher Jessie Holmes (bib # 7 ), of Brushkana, Alaska was the first musher to reach the McGrath checkpoint at  8:03 p.m. today with 16 dogs in harness, winning the Alaska Air Transit Spirit of Iditarod Award. 

First presented in 2019 and given to the first musher to reach the McGrath checkpoint, this award is presented by Lead Dog partner, Alaska Air Transit. First introduced in 2019, this award honors the first musher to arrive at the McGrath Checkpoint. The McGrath community shares deep ties to the Iditarod, and the award reflects that connection, featuring beaver fur mushers mitts with Athabaskan beadwork on moose hide, handcrafted by Loretta Maillelle of McGrath, along with a beaver fur hat made by Rosalie Egrass of McGrath. The award was presented to Holmes by Jessica Beans-Vaeao, Charter Coordinator for Alaska Air Transit

“Our team is excited to present this Spirit of Iditarod award in McGrath again this year. The Beaded Moose Hide and Beaver Mitts were made by Loretta Maillelle of McGrath, and the hand sewn Beaver Hat was made by Rosalie Egrass of McGrath. Rosalie Egrass was able to fly home on our plane that took our crew and the award to McGrath, which made for a pretty special trip! We are proud to be providing service to McGrath, and feel that all local Air Carriers represent the spirit of Iditarod throughout Alaska on a daily basis. It is great to be a part of the air carriers that service the state with essential supplies and transportation, and to be a part of the Iditarod in a meaningful way,” said Josie Owen, owner of Alaska Air Transit. 

 

This is Alaska Air Transit’s eighth year sponsoring the Iditarod and seventh year presenting the Spirit of Iditarod Award. Alaska Air Transit offers crucial flight support statewide via air charter and provides scheduled service to the Upper Kuskokwim communities of Nikolai, McGrath, Takotna and Tatalina as well as the Prince  William Sound communities of Tatitlek and Chenega.  

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Alaska High School Girls Basketball 2026 ASAA State Championship Brackets – March 10

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Alaska High School Girls Basketball 2026 ASAA State Championship Brackets – March 10


The 2026 Alaska high school girls basketball state championships begin this week, and High School On SI has brackets for all four classifications.

The brackets will be updated with scores and matchups throughout the week.

All four classifications will play their state championship games at Alaska Airlines Center in Anchorage.

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The 1A and 2A championships run March 11-14. Classes 3A and 4A play the following week, March 18-21.

Alaska High School Girls Basketball 2026 State Championship Brackets, Matchups, Schedule – March 10

3/11 – Shaktoolik (1) vs. Arlicaq (16)

3/11 – Kake (8) vs. Tri-Valley (9)

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3/11 – Fort Yukon (4) vs. Andreafski (13)

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3/11 – Sand Point (5) vs. Napaaqutgmiut (12)

3/11 – Scammon Bay (2) vs. Nunamiut (15)

3/11 – Akiuk Memorial (7) vs. Newhalen (10)

3/11 – Davis-Romoth (3) vs. Cook Inlet Academy (14)

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3/11 – Hoonah (6) vs. Shishmaref (11)


3/12 – Seward (1) vs. Chevak (8)

3/12 – Metlakatla (4) vs. Cordova (5)

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3/12 – Craig (2) vs. Susitna Valley (7)

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3/12 – Glennallen (3) vs. Degnan (6)


3/18 – Barrow (1) vs. Kotzebue (8)

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3/18 – Grace Christian (4) vs. Galena (5)

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3/18 – Monroe Catholic (2) vs. Delta (7)

3/18 – Mt. Edgecumbe (3) vs. Kenai Central (6)

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3/18 – Mountain City Christian Academy (1) vs. North Pole (8)

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3/18 – Colony (4) vs. West (5)

3/18 – Bartlett (2) vs. Juneau-Douglas (7)

3/18 – Wasilla (3) vs. Service (6)


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