Parsons Co. (NYSE:PSN) Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System grew its position in shares of Parsons Co. (NYSE:PSN) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,117 shares of the company’s stock after acquiring an additional 409 shares during the quarter. New York State Teachers Retirement System’s holdings in Parsons were worth $1,026,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new stake in Parsons during the fourth quarter worth about $26,000. True Wealth Design LLC acquired a new stake in Parsons during the third quarter worth about $30,000. GAMMA Investing LLC increased its stake in 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 last quarter. R Squared Ltd acquired a new stake in Parsons during the fourth quarter worth about $38,000. Finally, Capital Performance Advisors LLP acquired a new stake in Parsons during the third quarter worth about $45,000. 98.02% of the stock is currently owned by institutional investors and hedge funds.

Parsons Price Performance

Shares of NYSE PSN opened at $59.45 on Monday. Parsons Co. has a fifty-two week low of $57.86 and a fifty-two week high of $114.68. The business has a 50 day moving average price of $85.91 and a two-hundred day moving average price of $95.24. The company has a quick ratio of 1.55, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The firm has a market cap of $6.35 billion, a PE ratio of 78.22, a price-to-earnings-growth ratio of 0.93 and a beta of 0.73.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PSN shares. TD Cowen lowered Parsons from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a research note on Friday. Raymond James lowered Parsons from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. Truist Financial lowered their target price on Parsons from $130.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. The Goldman Sachs Group upgraded Parsons from a “neutral” rating to a “buy” rating and increased their target price for the company from $103.00 to $111.00 in a research note on Thursday, December 12th. Finally, William Blair upgraded Parsons from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.11.

Parsons 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.