17,318 Shares in Parsons Co. (NYSE:PSN) Bought by Semanteon Capital Management LP

Semanteon Capital Management LP acquired a new stake in Parsons Co. (NYSE:PSN) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 17,318 shares of the company’s stock, valued at approximately $1,086,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new position in shares of Parsons in the third quarter valued at $38,000. Covestor Ltd boosted its position in shares of Parsons by 126.0% in the third quarter. Covestor Ltd now owns 1,521 shares of the company’s stock valued at $83,000 after acquiring an additional 848 shares during the period. Legacy Wealth Asset Management LLC bought a new stake in shares of Parsons in the third quarter valued at about $204,000. Blackston Financial Advisory Group LLC bought a new stake in shares of Parsons in the fourth quarter valued at about $205,000. Finally, Ingalls & Snyder LLC bought a new stake in shares of Parsons in the fourth quarter valued at about $210,000. 98.02% of the stock is currently owned by institutional investors and hedge funds.

Parsons Price Performance

Shares of NYSE PSN traded up $0.36 during mid-day trading on Thursday, hitting $79.26. 474,723 shares of the stock traded hands, compared to its average volume of 879,745. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.51 and a quick ratio of 1.52. Parsons Co. has a twelve month low of $42.22 and a twelve month high of $85.44. The company has a market cap of $8.39 billion, a PE ratio of 55.82, a price-to-earnings-growth ratio of 3.52 and a beta of 0.85. The firm has a 50 day simple moving average of $80.66 and a two-hundred day simple moving average of $68.92.

Parsons (NYSE:PSN) last announced its earnings results on Wednesday, February 14th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.56 by $0.13. Parsons had a return on equity of 10.32% and a net margin of 2.96%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the business earned $0.45 EPS. The business’s quarterly revenue was up 36.4% compared to the same quarter last year. As a group, equities research analysts forecast that Parsons Co. will post 2.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PSN shares. KeyCorp upped their price objective on shares of Parsons from $89.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Robert W. Baird upped their price objective on shares of Parsons from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Benchmark reaffirmed a “buy” rating and set a $68.00 price objective on shares of Parsons in a research report on Thursday, April 4th. Truist Financial upped their price objective on shares of Parsons from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Finally, The Goldman Sachs Group upped their price objective on shares of Parsons from $73.00 to $81.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.00.

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.