Aigen Investment Management LP Has $304,000 Stake in Parsons Co. (NYSE:PSN)

Aigen Investment Management LP reduced its position in Parsons Co. (NYSE:PSN - Free Report) by 66.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,293 shares of the company's stock after selling 6,388 shares during the quarter. Aigen Investment Management LP's holdings in Parsons were worth $304,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PSN. ORG Wealth Partners LLC bought a new position in shares of Parsons during the 4th quarter worth approximately $26,000. True Wealth Design LLC bought a new stake in Parsons during the 3rd quarter worth about $30,000. GAMMA Investing LLC lifted its position in shares of Parsons by 224.7% during the fourth quarter. GAMMA Investing LLC now owns 315 shares of the company's stock worth $29,000 after purchasing an additional 218 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Parsons during the fourth quarter valued at approximately $33,000. Finally, R Squared Ltd bought a new position in Parsons in the fourth quarter valued at about $38,000. Institutional investors own 98.02% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Robert W. Baird dropped their price objective on Parsons from $125.00 to $78.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Truist Financial lowered 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. Jefferies Financial Group reduced their price target on shares of Parsons from $110.00 to $100.00 and set a "buy" rating for the company in a report on Friday, January 24th. TD Cowen lowered Parsons from a "buy" rating to a "hold" rating and set a $105.00 price target on the stock. in a report on Friday, February 21st. Finally, KeyCorp reduced 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. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Parsons has a consensus rating of "Moderate Buy" and an average target price of $99.44.

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Parsons Stock Performance

PSN stock traded down $0.32 during trading hours on Wednesday, reaching $57.26. The stock had a trading volume of 1,012,652 shares, compared to its average volume of 1,619,992. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 1.55. The stock has a 50-day simple moving average of $77.27 and a 200 day simple moving average of $92.32. The stock has a market capitalization of $6.11 billion, a PE ratio of 75.34, a price-to-earnings-growth ratio of 0.93 and a beta of 0.78. Parsons Co. has a fifty-two week low of $54.56 and a fifty-two week high of $114.68.

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.