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

Csenge Advisory Group grew its holdings in Parsons Co. (NYSE:PSN) by 42.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,902 shares of the company’s stock after purchasing an additional 1,459 shares during the quarter. 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 institutional investors and hedge funds also recently made changes to their positions in PSN. State of New Jersey Common Pension Fund D acquired a new position in Parsons in the third quarter valued at approximately $2,172,000. Oppenheimer & Co. Inc. increased its stake in shares of Parsons by 37.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 24,016 shares of the company’s stock valued at $2,490,000 after acquiring an additional 6,577 shares in the last quarter. Aigen Investment Management LP acquired a new position in shares of Parsons during the 3rd quarter valued at $1,004,000. Geode Capital Management LLC boosted its stake 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 acquiring an additional 95,040 shares in the last quarter. Finally, State Street Corp grew its holdings 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 purchasing an additional 616,707 shares during the period. Institutional investors own 98.02% of the company’s stock.

Parsons Price Performance

PSN opened at $73.43 on Wednesday. Parsons Co. has a 1 year low of $72.12 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 company has a market capitalization of $7.80 billion, a price-to-earnings ratio of 111.26, a P/E/G ratio of 1.17 and a beta of 0.73. The firm’s fifty day moving average price is $88.41 and its two-hundred day moving average price is $95.97.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group dropped their price objective on shares of Parsons from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Robert W. Baird increased their price target on Parsons from $103.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Raymond James cut Parsons from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. TD Cowen lowered their target price on Parsons from $117.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, William Blair raised shares of Parsons from a “market perform” rating to an “outperform” rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average 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.