Kapitalo Investimentos Ltda Has $515,000 Stock Position in Parsons Co. (NYSE:PSN)

Kapitalo Investimentos Ltda raised its holdings in Parsons Co. (NYSE:PSNFree Report) by 246.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,211 shares of the company’s stock after acquiring an additional 5,842 shares during the period. Kapitalo Investimentos Ltda’s holdings in Parsons were worth $515,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of Parsons in the 3rd quarter valued at approximately $38,000. TFO Wealth Partners LLC lifted its stake in Parsons by 18,200.0% in the 4th quarter. TFO Wealth Partners LLC now owns 732 shares of the company’s stock valued at $46,000 after purchasing an additional 728 shares during the last quarter. Psagot Value Holdings Ltd. Israel boosted its position in Parsons by 700.0% in the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 1,112 shares of the company’s stock valued at $70,000 after buying an additional 973 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Parsons during the fourth quarter worth $91,000. Finally, Covestor Ltd lifted its stake in shares of Parsons by 126.0% in the 3rd 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 last quarter. Institutional investors own 98.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on PSN shares. Robert W. Baird increased their target price on Parsons from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. The Goldman Sachs Group lifted their target price 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. KeyCorp upped their price target on shares of Parsons from $89.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Benchmark restated a “buy” rating and issued a $68.00 price objective on shares of Parsons in a report on Thursday, April 4th. Finally, TD Cowen raised Parsons from a “hold” rating to a “buy” rating and lifted their target price for the stock from $77.00 to $90.00 in a report on Friday, May 3rd. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $83.10.

Get Our Latest Research Report on PSN

Parsons Trading Up 0.4 %

Shares of NYSE:PSN traded up $0.28 during midday trading on Tuesday, reaching $77.10. The company’s stock had a trading volume of 44,136 shares, compared to its average volume of 844,749. Parsons Co. has a fifty-two week low of $46.68 and a fifty-two week high of $85.44. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a 50 day moving average price of $77.60 and a two-hundred day moving average price of $73.49. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 426.91, a PEG ratio of 2.24 and a beta of 0.84.

Parsons (NYSE:PSNGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.04. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.37 billion. Parsons had a return on equity of 11.27% and a net margin of 0.49%. As a group, analysts forecast that Parsons Co. will post 2.63 earnings per share for the current year.

About Parsons

(Free Report)

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.

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Institutional Ownership by Quarter for Parsons (NYSE:PSN)

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