UBS Group Has Lowered Expectations for Parsons (NYSE:PSN) Stock Price

Parsons (NYSE:PSN) had its price target decreased by analysts at UBS Group from $67.00 to $58.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective points to a potential upside of 34.21% from the stock’s current price.

PSN has been the subject of several other reports. Citigroup lowered their target price on Parsons from $66.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday. BNP Paribas Exane set a $65.00 target price on shares of Parsons and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Zacks Research upgraded shares of Parsons from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. William Blair reiterated an “outperform” rating on shares of Parsons in a research note on Wednesday. Finally, KeyCorp cut Parsons from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, April 14th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.82.

Parsons Stock Up 7.2%

Shares of PSN stock traded up $2.90 during trading on Thursday, reaching $43.22. The company’s stock had a trading volume of 3,278,464 shares, compared to its average volume of 1,318,543. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 1.96 and a beta of 0.66. The stock’s 50-day moving average price is $55.45 and its 200 day moving average price is $58.38. Parsons has a 1-year low of $36.26 and a 1-year high of $89.50.

Parsons (NYSE:PSN) last released its earnings results on Wednesday, July 29th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.82). The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. Parsons had a return on equity of 11.52% and a net margin of 3.62%.Parsons’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 earnings per share. On average, research analysts anticipate that Parsons will post 2.97 EPS for the current year.

Insiders Place Their Bets

In other Parsons news, CEO Carey A. Smith bought 12,500 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were acquired at an average cost of $49.97 per share, with a total value of $624,625.00. Following the acquisition, the chief executive officer directly owned 575,376 shares of the company’s stock, valued at $28,751,538.72. The trade was a 2.22% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark Keith Holdsworth acquired 10,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was acquired at an average price of $51.27 per share, for a total transaction of $512,700.00. Following the completion of the purchase, the director owned 39,918 shares of the company’s stock, valued at $2,046,595.86. This trade represents a 33.42% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 32,500 shares of company stock valued at $1,637,325 over the last quarter. Company insiders own 1.31% of the company’s stock.

Institutional Trading of Parsons

A number of hedge funds have recently added to or reduced their stakes in PSN. Swedbank AB lifted its holdings in shares of Parsons by 654.7% during the fourth quarter. Swedbank AB now owns 1,052,541 shares of the company’s stock worth $65,047,000 after purchasing an additional 913,079 shares during the period. Dimensional Fund Advisors LP increased its stake in Parsons by 10.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,892,400 shares of the company’s stock valued at $102,494,000 after buying an additional 179,463 shares during the period. Bastion Asset Management Inc. acquired a new position in Parsons in the 4th quarter valued at $8,044,000. SG Americas Securities LLC raised its position in Parsons by 771.0% during the 4th quarter. SG Americas Securities LLC now owns 31,033 shares of the company’s stock worth $1,918,000 after buying an additional 27,470 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new position in Parsons during the 4th quarter worth $1,853,000. 98.02% of the stock is owned by institutional investors and hedge funds.

Key Parsons News

Here are the key news stories impacting Parsons this week:

• Positive Sentiment: Analysts remain constructive despite lowering their estimates. Stifel Nicolaus cut its price target to $66 from $79 while maintaining a “buy” rating; Truist reaffirmed “buy” with a $60 target, and Barclays maintained “overweight” with a $60 target. These targets imply substantial potential upside from recent levels. Analyst rating reports
• Positive Sentiment: Parsons reported a 1.2x second-quarter book-to-bill ratio, a 24% year-over-year increase in contract awards, and $9.3 billion of total backlog. Federal Solutions bookings increased 51%, while Critical Infrastructure revenue rose 5%. Recent insider purchases may also signal management confidence. Parsons Reports Second Quarter 2026 Results
• Neutral Sentiment: Parsons’ stock experienced a trading halt under a limit-up/limit-down pause and reached a new 52-week low during Wednesday’s volatile session, reflecting unusually heavy trading and uncertainty following the earnings release. Parsons Reaches New 12-Month Low
• Negative Sentiment: The key pressure is Parsons’ sharply reduced fiscal 2026 guidance. Revenue is now expected at $6.2 billion-$6.5 billion, down from $6.5 billion-$6.8 billion, while adjusted EBITDA guidance fell to $500 million-$560 million from $615 million-$675 million. Management cited a terminated fixed-price contract, project delays, portfolio-shaping actions, and charges tied to a joint-venture program.
• Negative Sentiment: Second-quarter results were weak: Parsons reported a $0.06 per-share loss versus consensus earnings of $0.76, revenue of approximately $1.6 billion below expectations, and a $15.2 million net loss compared with $55.2 million of profit a year earlier. A pending investor investigation related to the guidance reduction adds another potential overhang. Parsons Investigation Notice

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.