12,726 Shares in Parsons Co. (NYSE:PSN) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new position in shares of Parsons Co. (NYSE:PSN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,726 shares of the company's stock, valued at approximately $1,174,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new stake in Parsons in the 4th quarter worth approximately $26,000. True Wealth Design LLC bought a new position in shares of Parsons in the third quarter valued at approximately $30,000. GAMMA Investing LLC raised its position in shares of 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. Principal Securities Inc. bought a new stake in shares of Parsons during the 4th quarter worth $33,000. Finally, R Squared Ltd acquired a new position in Parsons in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 98.02% of the company's stock.

Parsons Price Performance

NYSE:PSN opened at $57.66 on Wednesday. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 75.87, a PEG ratio of 0.93 and a beta of 0.78. The company has a 50-day moving average of $77.27 and a 200-day moving average of $92.32. Parsons Co. has a 52 week low of $54.56 and a 52 week high of $114.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.55 and a current ratio of 1.29.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Truist Financial decreased their target price on Parsons from $130.00 to $110.00 and set a "buy" rating for the company in a research note on Friday, November 22nd. Robert W. Baird reduced their price objective on Parsons from $125.00 to $78.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. KeyCorp dropped their target price on shares of Parsons from $122.00 to $102.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. TD Cowen downgraded 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. Finally, The Goldman Sachs Group decreased their price target on shares of Parsons from $109.00 to $98.00 and set a "buy" rating on the stock in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $99.44.

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About Parsons

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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