Parsons Co. (NYSE:PSN) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. boosted its stake in Parsons Co. (NYSE:PSN) by 28.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,340 shares of the company’s stock after acquiring an additional 299 shares during the quarter. Blue Trust Inc.’s holdings in Parsons were worth $124,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC purchased a new position in shares of Parsons in the fourth quarter valued at approximately $26,000. True Wealth Design LLC acquired a new position in Parsons in the 3rd quarter valued at $30,000. GAMMA Investing LLC lifted its holdings in Parsons by 224.7% in the 4th quarter. GAMMA Investing LLC now owns 315 shares of the company’s stock valued at $29,000 after purchasing an additional 218 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Parsons during the 3rd quarter worth $33,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Parsons during the third quarter worth $45,000. Hedge funds and other institutional investors own 98.02% of the company’s stock.

Wall Street Analysts Forecast Growth

PSN has been the topic of several research reports. Robert W. Baird raised their price target on shares of Parsons from $103.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. TD Cowen decreased their target price on shares of Parsons from $117.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group upgraded Parsons from a “neutral” rating to a “buy” rating and upped their price target for the company from $103.00 to $111.00 in a research report on Thursday, December 12th. KeyCorp cut their price target on Parsons from $122.00 to $102.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, Jefferies Financial Group dropped their target price on Parsons from $110.00 to $100.00 and set a “buy” rating for the company in a report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $107.33.

Parsons Stock Performance

NYSE PSN opened at $77.49 on Friday. The stock has a fifty day simple moving average of $91.81 and a 200-day simple moving average of $96.13. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. The stock has a market cap of $8.23 billion, a PE ratio of 117.40, a P/E/G ratio of 1.19 and a beta of 0.73. Parsons Co. has a twelve month low of $65.45 and a twelve month high of $114.68.

About Parsons

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.