Capital CS Group LLC Takes Position in Parsons Co. (NYSE:PSN)

Capital CS Group LLC acquired a new stake in Parsons Co. (NYSE:PSN) in the 4th quarter, Holdings Channel.com reports. The fund acquired 6,360 shares of the company’s stock, valued at approximately $587,000. Parsons makes up 0.8% of Capital CS Group LLC’s portfolio, making the stock its 23rd biggest position.

A number of other large investors have also added to or reduced their stakes in the business. ORG Wealth Partners LLC bought a new position in shares of Parsons during the fourth quarter valued at $26,000. GAMMA Investing LLC increased its holdings in Parsons by 224.7% in the fourth quarter. GAMMA Investing LLC now owns 315 shares of the company’s stock valued at $29,000 after purchasing an additional 218 shares during the period. True Wealth Design LLC bought a new position in Parsons during the 3rd quarter worth $30,000. V Square Quantitative Management LLC acquired a new position in Parsons during the 3rd quarter worth about $33,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Parsons in the 3rd quarter valued at about $45,000. Institutional investors own 98.02% of the company’s stock.

Parsons Stock Performance

Shares of PSN opened at $93.35 on Tuesday. Parsons Co. has a one year low of $64.33 and a one year high of $114.68. The company has a market cap of $9.91 billion, a PE ratio of 141.44, a P/E/G ratio of 1.72 and a beta of 0.74. The stock has a 50-day moving average of $97.44 and a 200-day moving average of $95.37. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.55 and a quick ratio of 1.55.

Parsons (NYSE:PSN) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.07. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.63 billion. Parsons had a return on equity of 12.74% and a net margin of 1.21%. On average, equities research analysts predict that Parsons Co. will post 3.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PSN has been the subject of a number of analyst reports. Truist Financial lowered their price objective on Parsons from $130.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. TD Cowen dropped their price target on shares of Parsons from $117.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Raymond James cut shares of Parsons from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. The Goldman Sachs Group raised shares of 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. Finally, KeyCorp lowered their price objective on Parsons from $122.00 to $102.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $108.25.

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.