Mount Yale Investment Advisors LLC Buys Shares of 2,500 Parsons Co. (NYSE:PSN)

Mount Yale Investment Advisors LLC purchased a new position in Parsons Co. (NYSE:PSN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,500 shares of the company’s stock, valued at approximately $231,000.

A number of other large investors also recently modified their holdings of PSN. Marshall Wace LLP acquired a new position in shares of Parsons during the second quarter valued at approximately $793,000. Squarepoint Ops LLC bought a new stake in shares of Parsons in the 2nd quarter worth $1,131,000. AQR Capital Management LLC boosted its stake in Parsons by 118.3% during the second quarter. AQR Capital Management LLC now owns 59,170 shares of the company’s stock valued at $4,841,000 after buying an additional 32,064 shares in the last quarter. Creative Planning grew its holdings in Parsons by 42.4% during the second quarter. Creative Planning now owns 7,381 shares of the company’s stock worth $604,000 after acquiring an additional 2,198 shares during the period. Finally, KP Management LLC raised its position in Parsons by 25.0% in the second quarter. KP Management LLC now owns 25,000 shares of the company’s stock worth $2,045,000 after acquiring an additional 5,000 shares in the last quarter. 98.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Parsons from a “neutral” rating to a “buy” rating and raised their price objective for the company from $103.00 to $111.00 in a research report on Thursday, December 12th. KeyCorp reduced their target price on shares of Parsons from $122.00 to $102.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Jefferies Financial Group dropped their price target on Parsons from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, January 24th. William Blair lowered Parsons from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 23rd. Finally, TD Cowen decreased their target price on Parsons from $117.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $107.33.

Parsons Stock Up 0.1 %

NYSE:PSN opened at $80.11 on Thursday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. Parsons Co. has a 1-year low of $64.33 and a 1-year high of $114.68. The business’s fifty day moving average price is $94.04 and its 200 day moving average price is $96.23. The firm has a market capitalization of $8.51 billion, a price-to-earnings ratio of 121.38, a PEG ratio of 1.42 and a beta of 0.74.

Parsons (NYSE:PSN) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.07. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.63 billion. Parsons had a return on equity of 12.74% and a net margin of 1.21%. On average, sell-side analysts forecast that Parsons Co. will post 3.02 earnings per share for the current fiscal year.

About Parsons

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.