1 week Ago By ABMN Staff
Pictet Asset Management Holding SA lifted its holdings in shares of Parsons Co. ( NYSE:PSN – Free Report ) by 25.3% during the 4th quarter, according to its most recent disclosure with the SEC.
The institutional investor owned 7,754 shares of the company’s stock after purchasing an additional 1,568 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Parsons were worth $715,000 as of its most recent filing with the SEC. Several other hedge funds and other institutional investors have also made changes to their positions in the business.
ORG Wealth Partners LLC acquired a new stake in Parsons during the 4th quarter worth approximately $26,000. GAMMA Investing LLC increased its position in shares of Parsons by 224.7% during the fourth quarter.
GAMMA Investing LLC now owns 315 shares of the company’s stock worth $29,000 after acquiring an additional 218 shares during the period. Principal Securities Inc. acquired a new stake in shares of Parsons in the fourth quarter valued at $33,000.
R Squared Ltd purchased a new position in Parsons in the fourth quarter valued at $38,000. Finally, Blue Trust Inc. grew its stake in Parsons by 28.
7% during the 4th quarter. Blue Trust Inc. now owns 1,340 shares of the company’s stock worth $124,000 after purchasing an additional 299 shares in the last quarter.
Hedge funds and other institutional investors own 98.02% of the company’s stock. Parsons Stock Performance NYSE PSN opened at $58.
87 on Tuesday. The company has a fifty day moving average of $65.01 and a two-hundred day moving average of $87.
53. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.
29 and a quick ratio of 1.55. Parsons Co.
has a 1 year low of $54.56 and a 1 year high of $114.68.
The company has a market capitalization of $6.29 billion, a PE ratio of 77.46, a P/E/G ratio of 0.
93 and a beta of 0.66. Analyst Upgrades and Downgrades Several equities analysts have recently issued reports on PSN shares.
Robert W. Baird decreased their price objective on Parsons from $125.00 to $78.
00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Benchmark reiterated a “buy” rating and issued a $90.00 price target on shares of Parsons in a research note on Wednesday, February 26th.
TD Cowen downgraded shares of Parsons from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a research report on Friday, February 21st.
William Blair upgraded shares of Parsons from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group lowered their target price on shares of Parsons from $109.00 to $98.
00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.
com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $100.50. Check Out Our Latest Analysis on Parsons About Parsons ( 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.
Further Reading 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 ).
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