Csenge Advisory Group Acquires 1,459 Shares of Parsons Co. (NYSE:PSN)

Csenge Advisory Group raised its holdings in Parsons Co. (NYSE:PSN) by 42.4% in the fourth quarter, Holdings Channel reports. The firm owned 4,902 shares of the company’s stock after purchasing an additional 1,459 shares during the period. Csenge Advisory Group’s holdings in Parsons were worth $452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Fisher Asset Management LLC grew its position in Parsons by 2.1% during the third quarter. Fisher Asset Management LLC now owns 4,364 shares of the company’s stock valued at $452,000 after buying an additional 90 shares during the period. CIBC Asset Management Inc boosted its stake in Parsons by 3.2% in the third quarter. CIBC Asset Management Inc now owns 3,124 shares of the company’s stock valued at $324,000 after acquiring an additional 96 shares during the last quarter. Chartwell Investment Partners LLC increased its stake in shares of Parsons by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 14,536 shares of the company’s stock worth $1,507,000 after purchasing an additional 117 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Parsons by 224.7% in the 4th quarter. GAMMA Investing LLC now owns 315 shares of the company’s stock worth $29,000 after purchasing an additional 218 shares during the period. Finally, Assetmark Inc. lifted its stake in Parsons by 10.7% in the third quarter. Assetmark Inc. now owns 2,750 shares of the company’s stock valued at $285,000 after purchasing an additional 265 shares during the last quarter. 98.02% of the stock is owned by hedge funds and other institutional investors.

Parsons Stock Performance

NYSE PSN opened at $73.43 on Wednesday. The company’s 50 day simple moving average is $88.41 and its two-hundred day simple moving average is $95.97. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.55 and a quick ratio of 1.55. Parsons Co. has a 1 year low of $72.12 and a 1 year high of $114.68. The stock has a market capitalization of $7.80 billion, a PE ratio of 111.26, a P/E/G ratio of 1.17 and a beta of 0.73.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Truist Financial lowered their target price on Parsons from $130.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. KeyCorp lowered their price objective on Parsons from $122.00 to $102.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. William Blair upgraded shares of Parsons from a “market perform” rating to an “outperform” rating in a research note on Tuesday. Jefferies Financial Group lowered their price target on shares of Parsons from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Finally, Raymond James downgraded shares of Parsons from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $107.33.

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.