Hsbc Holdings PLC Cuts Stock Position in Parsons Corporation $PSN

Hsbc Holdings PLC cut its position in shares of Parsons Corporation (NYSE:PSN) by 45.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 16,422 shares of the company’s stock after selling 13,425 shares during the period. Hsbc Holdings PLC’s holdings in Parsons were worth $878,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its position in Parsons by 0.9% during the third quarter. Public Employees Retirement System of Ohio now owns 17,029 shares of the company’s stock valued at $1,412,000 after acquiring an additional 144 shares during the last quarter. Kennedy Capital Management LLC lifted its holdings in shares of Parsons by 0.4% in the 4th quarter. Kennedy Capital Management LLC now owns 47,680 shares of the company’s stock worth $2,947,000 after acquiring an additional 194 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Parsons by 38.0% in the 1st quarter. NewEdge Advisors LLC now owns 959 shares of the company’s stock valued at $57,000 after purchasing an additional 264 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Parsons by 2.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 10,900 shares of the company’s stock valued at $590,000 after purchasing an additional 300 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Parsons by 5.4% during the 4th quarter. Bank of Montreal Can now owns 7,003 shares of the company’s stock valued at $433,000 after purchasing an additional 360 shares during the last quarter. Institutional investors own 98.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PSN. Robert W. Baird reissued a “neutral” rating and issued a $60.00 price target on shares of Parsons in a research note on Monday, April 13th. Truist Financial reduced their price objective on Parsons from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. TD Cowen reiterated a “buy” rating on shares of Parsons in a report on Wednesday. KeyCorp lowered Parsons from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, April 14th. Finally, Zacks Research upgraded Parsons from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $75.82.

Key Parsons News

Here are the key news stories impacting Parsons this week:

• Positive Sentiment: Demand indicators remained solid: contract awards increased 24% year over year, the quarterly book-to-bill ratio was 1.2x, and backlog reached approximately $9.3 billion, including $6.6 billion of funded backlog. Federal Solutions bookings rose 51%, while Critical Infrastructure revenue increased 5%. Parsons Reports Second Quarter 2026 Results
• Positive Sentiment: Management said portfolio-shaping actions are intended to prioritize more profitable, sustainable growth. The company also reported continued resilience in its Middle East business, with 10% organic revenue growth. Parsons Reports Second Quarter 2026 Results
• Neutral Sentiment: Some insiders have purchased shares in recent months, including directors Mark Holdsworth and George Ball. However, institutional positioning was mixed, with some major investors adding shares and others reducing their holdings. Parsons Q2 revenue falls to $1.6 billion as net loss hits $15 million
• Neutral Sentiment: Broader market weakness, including an oil-price surge and pressure on major equity indexes ahead of the Federal Reserve decision, added to the difficult trading environment. Trading in PSN was also briefly halted under a volatility-related LULD pause. Oil Spikes 7%, Nasdaq 100 Sinks Before Fed
• Negative Sentiment: Parsons reported a quarterly loss of $0.06 per share, far below the roughly $0.74–$0.76 analyst consensus and $0.78 earned a year earlier. Revenue of about $1.6 billion was down approximately 1% year over year and slightly below estimates. Results were pressured by portfolio-shaping actions and charges related to a joint-venture program. Parsons Reports Q2 Loss, Lags Revenue Estimates
• Negative Sentiment: Management lowered fiscal 2026 revenue guidance to $6.2 billion–$6.5 billion from the approximately $6.7 billion analyst expectation. The reduced outlook implies weaker near-term growth and raises concerns about earnings visibility, explaining the stock’s negative reaction. Parsons plunges after slashing full-year guidance

Insider Activity at Parsons

In other Parsons news, Director George L. Ball acquired 10,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $50.00 per share, for a total transaction of $500,000.00. Following the acquisition, the director owned 150,383 shares in the company, valued at $7,519,150. This represents a 7.12% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Carey A. Smith acquired 12,500 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was acquired at an average price of $49.97 per share, for a total transaction of $624,625.00. Following the completion of the transaction, the chief executive officer owned 575,376 shares in the company, valued at approximately $28,751,538.72. The trade was a 2.22% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 32,500 shares of company stock worth $1,637,325 in the last 90 days. Company insiders own 1.31% of the company’s stock.

Parsons Price Performance

Shares of Parsons stock opened at $40.41 on Thursday. The company’s fifty day simple moving average is $55.45 and its two-hundred day simple moving average is $58.38. Parsons Corporation has a 12-month low of $36.26 and a 12-month high of $89.50. The firm has a market cap of $4.32 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 1.96 and a beta of 0.66. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.55.

Parsons (NYSE:PSN) last issued its quarterly earnings data on Wednesday, July 29th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.76 by ($0.82). The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. Parsons had a net margin of 3.62% and a return on equity of 11.52%. The business’s revenue was down .5% on a year-over-year basis. During the same period last year, the company posted $0.78 earnings per share. As a group, equities analysts expect that Parsons Corporation will post 2.97 EPS for the current year.

About Parsons

Parsons Corporation (NYSE: PSN) is a technology-driven engineering, construction, technical and professional services firm. The company delivers end-to-end solutions that span feasibility studies, design and engineering, construction management, system integration and ongoing operations support. Parsons serves both government and commercial clients and focuses on critical infrastructure, defense, security, intelligence and environmental programs.

Core services include program and construction management for transportation systems, water and environmental infrastructure, cybersecurity and advanced systems integration.