Bank Julius Baer & Co. Ltd Zurich Has $8.05 Million Stake in Parsons Co. (NYSE:PSN)

Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Parsons Co. (NYSE:PSN - Free Report) by 15.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 86,149 shares of the company's stock after purchasing an additional 11,520 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned 0.08% of Parsons worth $8,052,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New York State Teachers Retirement System bought a new stake in Parsons in the 3rd quarter valued at $1,110,000. Amalgamated Bank grew its stake in shares of Parsons by 193.0% in the third quarter. Amalgamated Bank now owns 22,251 shares of the company's stock valued at $2,307,000 after acquiring an additional 14,658 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Parsons during the third quarter worth about $45,000. Assetmark Inc. raised its stake in Parsons by 10.7% in the 3rd quarter. Assetmark Inc. now owns 2,750 shares of the company's stock worth $285,000 after purchasing an additional 265 shares in the last quarter. Finally, Sigma Planning Corp acquired a new position in shares of Parsons during the 3rd quarter worth approximately $232,000. Institutional investors own 98.02% of the company's stock.

Parsons Trading Down 1.4 %

NYSE:PSN traded down $0.83 during trading hours on Thursday, hitting $56.58. 1,494,831 shares of the company were exchanged, compared to its average volume of 1,627,488. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 74.45, a price-to-earnings-growth ratio of 0.93 and a beta of 0.78. Parsons Co. has a one year low of $54.56 and a one year high of $114.68. The company has a fifty day simple moving average of $76.57 and a 200 day simple moving average of $92.08. The company has a current ratio of 1.29, a quick ratio of 1.55 and a debt-to-equity ratio of 0.31.

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Analyst Ratings Changes

PSN has been the topic of a number of analyst reports. Robert W. Baird reduced their price target on Parsons from $125.00 to $78.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. KeyCorp decreased their target price on Parsons from $122.00 to $102.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Truist Financial dropped their target price on shares of Parsons from $130.00 to $110.00 and set a "buy" rating for the company in a report on Friday, November 22nd. Jefferies Financial Group lowered their price objective on shares of Parsons from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Finally, Raymond James cut shares of Parsons from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Parsons presently has an average rating of "Moderate Buy" and a consensus target price of $99.44.

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.