438 Shares in Parsons Co. (NYSE:PSN) Acquired by Capital Performance Advisors LLP

Capital Performance Advisors LLP bought a new stake in shares of Parsons Co. (NYSE:PSN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 438 shares of the company’s stock, valued at approximately $45,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Janney Montgomery Scott LLC bought a new stake in shares of Parsons during the 1st quarter worth $1,451,000. SG Americas Securities LLC lifted its stake in Parsons by 872.4% during the first quarter. SG Americas Securities LLC now owns 39,586 shares of the company’s stock worth $3,284,000 after purchasing an additional 35,515 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of Parsons in the 1st quarter worth about $1,064,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Parsons during the 1st quarter valued at about $448,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Parsons by 17,130.4% during the 1st quarter. Russell Investments Group Ltd. now owns 9,649 shares of the company’s stock valued at $800,000 after buying an additional 9,593 shares in the last quarter. Hedge funds and other institutional investors own 98.02% of the company’s stock.

Parsons Stock Up 2.2 %

NYSE PSN opened at $112.69 on Monday. The business’s 50-day moving average is $103.45 and its 200 day moving average is $89.24. The stock has a market capitalization of $11.97 billion, a PE ratio of 170.75, a PEG ratio of 2.32 and a beta of 0.80. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.55 and a quick ratio of 1.55. Parsons Co. has a 1 year low of $61.10 and a 1 year high of $114.68.

Parsons (NYSE:PSN) last posted its earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.07. Parsons had a return on equity of 12.74% and a net margin of 1.21%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Sell-side analysts forecast that Parsons Co. will post 3.02 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on PSN. Truist Financial reiterated a “buy” rating and set a $108.00 price target (up from $100.00) on shares of Parsons in a research report on Thursday, August 1st. KeyCorp increased their target price on shares of Parsons from $116.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Raymond James downgraded shares of Parsons from a “strong-buy” rating to an “outperform” rating and set a $115.00 price target for the company. in a research note on Wednesday, October 23rd. Robert W. Baird raised their price objective on Parsons from $103.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Benchmark lifted their price objective on Parsons from $68.00 to $101.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $102.11.

Parsons Company 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.