Quantbot Technologies LP Purchases 32,133 Shares of Parsons Co. (NYSE:PSN)

Quantbot Technologies LP boosted its stake in Parsons Co. (NYSE:PSN - Free Report) by 99.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,435 shares of the company's stock after purchasing an additional 32,133 shares during the quarter. Quantbot Technologies LP owned approximately 0.06% of Parsons worth $5,944,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. State Street Corp raised its holdings in shares of Parsons by 60.6% in the 3rd quarter. State Street Corp now owns 1,634,155 shares of the company's stock valued at $169,429,000 after acquiring an additional 616,707 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Parsons by 18.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,192,943 shares of the company's stock valued at $123,685,000 after acquiring an additional 183,117 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Parsons by 14.0% in the 3rd quarter. Geode Capital Management LLC now owns 772,808 shares of the company's stock valued at $80,146,000 after acquiring an additional 95,040 shares in the last quarter. Channing Capital Management LLC raised its holdings in shares of Parsons by 10.2% in the 4th quarter. Channing Capital Management LLC now owns 743,047 shares of the company's stock valued at $68,546,000 after acquiring an additional 68,599 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Parsons in the 4th quarter valued at about $63,417,000. Institutional investors own 98.02% of the company's stock.

Parsons Trading Up 2.9 %

NYSE PSN opened at $58.29 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. Parsons Co. has a twelve month low of $54.56 and a twelve month high of $114.68. The firm has a market capitalization of $6.22 billion, a PE ratio of 76.70, a P/E/G ratio of 0.93 and a beta of 0.78. The stock's 50 day moving average is $75.21 and its 200 day moving average is $91.58.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PSN shares. Truist Financial decreased their price objective on Parsons from $130.00 to $110.00 and set a "buy" rating on the stock in a report on Friday, November 22nd. William Blair raised Parsons from a "market perform" rating to an "outperform" rating in a report on Tuesday, February 18th. Benchmark reissued a "buy" rating and set a $90.00 price objective on shares of Parsons in a report on Wednesday, February 26th. KeyCorp decreased their price target on Parsons from $122.00 to $102.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group decreased their price target on Parsons from $109.00 to $98.00 and set a "buy" rating on the stock in a research note on Tuesday, February 25th. Two 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $99.44.

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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.

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