Charles Schwab Investment Management Inc. Has $39.23 Million Position in Parsons Co. (NYSE:PSN)

Charles Schwab Investment Management Inc. boosted its position in shares of Parsons Co. (NYSE:PSN) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 425,222 shares of the company’s stock after purchasing an additional 5,604 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.40% of Parsons worth $39,227,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PSN. ORG Wealth Partners LLC acquired a new position in shares of Parsons in the 4th quarter valued at $26,000. True Wealth Design LLC acquired a new position in shares of Parsons in the 3rd quarter valued at $30,000. GAMMA Investing LLC grew its holdings in shares of 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 buying an additional 218 shares during the period. Principal Securities Inc. acquired a new position in Parsons in the fourth quarter valued at about $33,000. Finally, R Squared Ltd acquired a new position in Parsons in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 98.02% of the company’s stock.

Parsons Trading Up 2.9 %

Parsons stock opened at $58.29 on Friday. The firm has a 50-day moving average of $75.21 and a 200-day moving average of $91.55. Parsons Co. has a one year low of $54.56 and a one year high of $114.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 1.55. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 76.70, a P/E/G ratio of 0.93 and a beta of 0.78.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PSN. The Goldman Sachs Group decreased their target price on Parsons from $109.00 to $98.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. Truist Financial reduced their price target on shares of Parsons from $130.00 to $110.00 and set a “buy” rating for the company in a report on Friday, November 22nd. TD Cowen cut shares of Parsons from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a report on Friday, February 21st. Jefferies Financial Group reduced their target price on shares of Parsons from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Finally, Benchmark reaffirmed a “buy” rating and issued a $90.00 target price on shares of Parsons in a research note on Wednesday, February 26th. Two 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, Parsons currently has a consensus rating of “Moderate Buy” and an average target price of $99.44.

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.