ORG Wealth Partners LLC Invests $26,000 in Parsons Co. (NYSE:PSN)

ORG Wealth Partners LLC purchased a new stake in Parsons Co. (NYSE:PSN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 280 shares of the company’s stock, valued at approximately $26,000.

A number of other hedge funds have also added to or reduced their stakes in PSN. GAMMA Investing LLC lifted its holdings in shares of Parsons by 224.7% in the fourth quarter. GAMMA Investing LLC now owns 315 shares of the company’s stock valued at $29,000 after purchasing an additional 218 shares in the last quarter. True Wealth Design LLC bought a new stake in Parsons during the third quarter worth $30,000. V Square Quantitative Management LLC purchased a new stake in Parsons in the 3rd quarter valued at $33,000. Capital Performance Advisors LLP bought a new position in Parsons during the 3rd quarter valued at $45,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Parsons during the 3rd quarter worth $72,000. Institutional investors and hedge funds own 98.02% of the company’s stock.

Wall Street Analysts Forecast Growth

PSN has been the topic of a number of recent analyst reports. Robert W. Baird raised their price target on shares of Parsons from $103.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. The Goldman Sachs Group upgraded Parsons from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $103.00 to $111.00 in a research note on Thursday, December 12th. Raymond James downgraded Parsons from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. Truist Financial cut their price objective on Parsons from $130.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Finally, KeyCorp decreased their target price on Parsons from $122.00 to $102.00 and set an “overweight” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.25.

Parsons Stock Performance

Shares of PSN opened at $92.89 on Friday. Parsons Co. has a 1 year low of $63.12 and a 1 year high of $114.68. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.55 and a quick ratio of 1.55. The stock’s fifty day moving average price is $97.76 and its two-hundred day moving average price is $95.09. The firm has a market cap of $9.86 billion, a PE ratio of 140.74, a PEG ratio of 1.72 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, beating analysts’ consensus estimates of $0.73 by $0.07. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Parsons had a return on equity of 12.74% and a net margin of 1.21%. On average, equities research analysts forecast that Parsons Co. will post 3.02 EPS for the current year.

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.