2 weeks Ago By ABMN Staff
American Century Companies Inc. cut its stake in shares of Parsons Co. ( NYSE:PSN – Free Report ) by 91.
4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,321 shares of the company’s stock after selling 227,746 shares during the quarter. American Century Companies Inc.
’s holdings in Parsons were worth $1,744,000 as of its most recent SEC filing. A number of other institutional investors have also recently made changes to their positions in PSN. EntryPoint Capital LLC increased its stake in Parsons by 17.
2% in the first quarter. EntryPoint Capital LLC now owns 1,334 shares of the company’s stock valued at $111,000 after purchasing an additional 196 shares in the last quarter. Blue Trust Inc.
increased its position in Parsons by 23.6% in the 2nd quarter. Blue Trust Inc.
now owns 1,041 shares of the company’s stock valued at $86,000 after buying an additional 199 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd.
raised its stake in Parsons by 2.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co.
Ltd. now owns 13,992 shares of the company’s stock worth $1,161,000 after buying an additional 311 shares during the period. Petra Financial Advisors Inc.
boosted its holdings in Parsons by 4.1% in the second quarter. Petra Financial Advisors Inc.
now owns 9,142 shares of the company’s stock worth $748,000 after acquiring an additional 357 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its holdings in Parsons by 2.
3% in the first quarter. Avantax Advisory Services Inc. now owns 22,997 shares of the company’s stock worth $1,908,000 after acquiring an additional 509 shares in the last quarter.
Institutional investors own 98.02% of the company’s stock. Analysts Set New Price Targets Several research analysts have weighed in on PSN shares.
Robert W. Baird upped their price objective on shares of Parsons from $89.00 to $103.
00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. KeyCorp upped their target price on shares of Parsons from $90.00 to $97.
00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Stifel Nicolaus lifted their price target on Parsons from $95.00 to $97.
00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Benchmark increased their price objective on Parsons from $68.00 to $101.
00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Truist Financial reaffirmed a “buy” rating and set a $108.00 target price (up previously from $100.
00) on shares of Parsons in a research report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $94.
67. Parsons Trading Up 0.0 % Shares of Parsons stock opened at $103.
63 on Monday. The company’s 50-day moving average price is $92.60 and its 200-day moving average price is $83.
77. The company has a current ratio of 1.80, a quick ratio of 1.
80 and a debt-to-equity ratio of 0.54. Parsons Co.
has a 12-month low of $53.56 and a 12-month high of $104.33.
The company has a market cap of $11.00 billion, a price-to-earnings ratio of 575.75, a PEG ratio of 2.
18 and a beta of 0.80. Parsons ( NYSE:PSN – Get Free Report ) last posted its earnings results on Wednesday, July 31st.
The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.
18. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.
53 billion. Parsons had a net margin of 0.89% and a return on equity of 12.
09%. On average, equities analysts expect that Parsons Co. will post 2.
88 earnings per share for the current fiscal year. Parsons Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding PSN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Parsons Co. ( NYSE:PSN – Free Report ). Receive News & Ratings for Parsons Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parsons and related companies with MarketBeat.
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