8,900 Shares in Parsons Co. (NYSE:PSN) Purchased by Versor Investments LP

Versor Investments LP bought a new stake in shares of Parsons Co. (NYSE:PSN) during the 4th quarter, HoldingsChannel reports. The firm bought 8,900 shares of the company’s stock, valued at approximately $821,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. ORG Wealth Partners LLC purchased a new position in Parsons during the 4th quarter valued at about $26,000. True Wealth Design LLC purchased a new position in Parsons during the 3rd quarter valued at about $30,000. GAMMA Investing LLC grew its stake in Parsons by 224.7% during the 4th quarter. GAMMA Investing LLC now owns 315 shares of the company’s stock valued at $29,000 after acquiring an additional 218 shares in the last quarter. Principal Securities Inc. purchased a new position in Parsons during the 4th quarter valued at about $33,000. Finally, R Squared Ltd purchased a new position in Parsons during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 98.02% of the company’s stock.

Analysts Set New Price Targets

PSN has been the subject of several recent research reports. Benchmark reissued a “buy” rating and issued a $90.00 price target on shares of Parsons in a research note on Wednesday. TD Cowen cut Parsons from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a research note on Friday, February 21st. The Goldman Sachs Group lowered their price target on Parsons from $109.00 to $98.00 and set a “buy” rating for the company in a research note on Tuesday. Robert W. Baird lowered their price target on Parsons from $125.00 to $78.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Finally, KeyCorp lowered their price target on Parsons from $122.00 to $102.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.44.

Parsons Stock Down 1.2 %

PSN opened at $58.23 on Friday. The business has a 50 day moving average price of $82.21 and a 200 day moving average price of $94.09. Parsons Co. has a twelve month low of $56.87 and a twelve month high of $114.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.55 and a current ratio of 1.29. The firm has a market cap of $6.22 billion, a P/E ratio of 76.61, a price-to-earnings-growth ratio of 0.93 and a beta of 0.73.

Parsons Profile

Parsons Corporation provides integrated solutions and services in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. The company operates through Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment provides critical technologies, such as cybersecurity; missile defense; intelligence; space launch and ground systems; space and weapon system resiliency; geospatial intelligence; signals intelligence; environmental remediation; border security, critical infrastructure protection; counter unmanned air systems; biometrics and bio surveillance solutions to U.S.