12,060 Shares in Parsons Co. (NYSE:PSN) Bought by Semanteon Capital Management LP

Semanteon Capital Management LP acquired a new stake in shares of Parsons Co. (NYSE:PSN - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 12,060 shares of the company's stock, valued at approximately $1,250,000. Parsons accounts for about 0.9% of Semanteon Capital Management LP's portfolio, making the stock its 2nd largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AE Wealth Management LLC boosted its position in shares of Parsons by 2.7% in the second quarter. AE Wealth Management LLC now owns 5,763 shares of the company's stock worth $471,000 after purchasing an additional 150 shares during the period. EntryPoint Capital LLC boosted its holdings in Parsons by 17.2% in the 1st quarter. EntryPoint Capital LLC now owns 1,334 shares of the company's stock worth $111,000 after buying an additional 196 shares during the period. Blue Trust Inc. increased its stake in Parsons by 23.6% in the 2nd quarter. Blue Trust Inc. now owns 1,041 shares of the company's stock worth $86,000 after buying an additional 199 shares in the last quarter. Certified Advisory Corp raised its holdings in Parsons by 6.2% during the second quarter. Certified Advisory Corp now owns 4,743 shares of the company's stock valued at $388,000 after acquiring an additional 278 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Parsons by 2.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 13,992 shares of the company's stock valued at $1,161,000 after acquiring an additional 311 shares in the last quarter. 98.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on PSN shares. Robert W. Baird lifted their target price on Parsons from $89.00 to $103.00 and gave the company an "outperform" rating in a research note on Thursday, August 1st. KeyCorp lifted their price objective on shares of Parsons from $99.00 to $116.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. Benchmark upped their target price on shares of Parsons from $68.00 to $101.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Raymond James downgraded shares of Parsons from a "strong-buy" rating to an "outperform" rating and set a $115.00 price target on the stock. in a report on Wednesday, October 23rd. Finally, Truist Financial reiterated a "buy" rating and issued a $108.00 price target (up previously from $100.00) on shares of Parsons in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Parsons has a consensus rating of "Moderate Buy" and an average price target of $99.00.

Parsons Trading Up 0.5 %

Shares of Parsons stock traded up $0.48 on Monday, reaching $104.69. The company had a trading volume of 673,073 shares, compared to its average volume of 888,302. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.80 and a quick ratio of 1.80. Parsons Co. has a 1 year low of $55.38 and a 1 year high of $109.55. The firm has a market cap of $11.12 billion, a price-to-earnings ratio of 242.68, a P/E/G ratio of 2.24 and a beta of 0.80. The firm's 50-day moving average price is $100.56 and its two-hundred day moving average price is $87.18.

Parsons (NYSE:PSN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.18. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.53 billion. Parsons had a net margin of 0.89% and a return on equity of 12.09%. As a group, research analysts predict that Parsons Co. will post 2.89 earnings per share for the current fiscal year.

Parsons Company 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.