Blue Trust Inc. Grows Stock Holdings in Parsons Co. (NYSE:PSN)

Blue Trust Inc. grew its position in Parsons Co. (NYSE:PSN) by 28.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,340 shares of the company’s stock after acquiring an additional 299 shares during the period. Blue Trust Inc.’s holdings in Parsons were worth $124,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new stake in shares of Parsons in the fourth quarter valued at $26,000. GAMMA Investing LLC raised 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 acquiring an additional 218 shares in the last quarter. True Wealth Design LLC purchased a new position in Parsons in the third quarter worth approximately $30,000. V Square Quantitative Management LLC acquired a new position in Parsons during the 3rd quarter worth approximately $33,000. Finally, Capital Performance Advisors LLP acquired a new position in Parsons during the 3rd quarter worth approximately $45,000. Hedge funds and other institutional investors own 98.02% of the company’s stock.

Parsons Trading Down 0.1 %

NYSE:PSN opened at $77.49 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.47. Parsons Co. has a 52-week low of $65.45 and a 52-week high of $114.68. The stock’s 50 day moving average price is $91.81 and its 200 day moving average price is $96.13. The company has a market capitalization of $8.23 billion, a PE ratio of 117.40, a P/E/G ratio of 1.19 and a beta of 0.73.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of Parsons from $103.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Jefferies Financial Group decreased their price target on Parsons from $110.00 to $100.00 and set a “buy” rating for the company in a report on Friday, January 24th. The Goldman Sachs Group upgraded Parsons from a “neutral” rating to a “buy” rating and increased their price objective for the company from $103.00 to $111.00 in a report on Thursday, December 12th. William Blair cut Parsons from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Finally, Truist Financial dropped their price target on shares of Parsons from $130.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Parsons has an average rating of “Moderate Buy” and a consensus price target of $107.33.

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.