Parsons Co. (NYSE:PSN) Stock Position Raised by Semanteon Capital Management LP

Semanteon Capital Management LP lifted its position in Parsons Co. (NYSE:PSN) by 29.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,630 shares of the company’s stock after buying an additional 3,570 shares during the quarter. Semanteon Capital Management LP’s holdings in Parsons were worth $1,442,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its position in Parsons by 60.6% in the third quarter. State Street Corp now owns 1,634,155 shares of the company’s stock worth $169,429,000 after acquiring an additional 616,707 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Parsons by 18.1% in the third quarter. Principal Financial Group Inc. now owns 1,192,943 shares of the company’s stock worth $123,685,000 after purchasing an additional 183,117 shares in the last quarter. Geode Capital Management LLC increased its position in Parsons by 14.0% during the third quarter. Geode Capital Management LLC now owns 772,808 shares of the company’s stock worth $80,146,000 after buying an additional 95,040 shares during the last quarter. Channing Capital Management LLC raised its holdings in Parsons by 10.2% during the fourth quarter. Channing Capital Management LLC now owns 743,047 shares of the company’s stock valued at $68,546,000 after buying an additional 68,599 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Parsons in the fourth quarter worth about $63,417,000. Institutional investors and hedge funds own 98.02% of the company’s stock.

Parsons Price Performance

NYSE PSN opened at $59.05 on Friday. Parsons Co. has a twelve month low of $54.56 and a twelve month high of $114.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.55 and a current ratio of 1.29. The stock has a market capitalization of $6.31 billion, a PE ratio of 77.70, a P/E/G ratio of 0.93 and a beta of 0.78. The stock has a 50-day simple moving average of $72.68 and a 200 day simple moving average of $90.61.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. KeyCorp reduced their price target on Parsons from $122.00 to $102.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Raymond James cut Parsons from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Jefferies Financial Group reduced their price target on Parsons from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, January 24th. TD Cowen cut Parsons from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a research report on Friday, February 21st. Finally, Robert W. Baird reduced their price target on Parsons from $125.00 to $78.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $99.44.

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.