12,060 Shares in Parsons Co. (NYSE:PSN) Bought by Semanteon Capital Management LP

Semanteon Capital Management LP purchased a new stake in shares of Parsons Co. (NYSE:PSN) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,060 shares of the company’s stock, valued at approximately $1,250,000. Parsons accounts for 0.9% of Semanteon Capital Management LP’s holdings, making the stock its 2nd largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of PSN. Tidal Investments LLC purchased a new stake in Parsons during the 1st quarter valued at $853,000. Russell Investments Group Ltd. raised its position in Parsons by 17,130.4% during the 1st quarter. Russell Investments Group Ltd. now owns 9,649 shares of the company’s stock valued at $800,000 after purchasing an additional 9,593 shares during the last quarter. Peregrine Asset Advisers Inc. purchased a new stake in Parsons in the 2nd quarter worth approximately $4,417,000. SG Americas Securities LLC grew its position in shares of Parsons by 872.4% in the 1st quarter. SG Americas Securities LLC now owns 39,586 shares of the company’s stock worth $3,284,000 after buying an additional 35,515 shares during the last quarter. Finally, Lisanti Capital Growth LLC purchased a new position in shares of Parsons during the first quarter valued at approximately $3,887,000. 98.02% of the stock is owned by institutional investors.

Parsons Stock Up 0.3 %

PSN traded up $0.31 during midday trading on Monday, reaching $104.52. The company’s stock had a trading volume of 40,341 shares, compared to its average volume of 885,257. Parsons Co. has a 1 year low of $55.38 and a 1 year high of $109.55. The stock’s 50-day moving average is $100.56 and its 200-day moving average is $87.18. The firm has a market capitalization of $15.34 billion, a price-to-earnings ratio of 578.94, a PEG ratio of 2.32 and a beta of 0.80. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.54.

Parsons (NYSE:PSN) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.18. Parsons had a return on equity of 12.09% and a net margin of 0.89%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.53 billion. As a group, research analysts expect that Parsons Co. will post 2.88 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Robert W. Baird raised their price target on Parsons from $89.00 to $103.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. KeyCorp raised their target price on shares of Parsons from $99.00 to $116.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Benchmark boosted their price target on shares of Parsons from $68.00 to $101.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Truist Financial restated a “buy” rating and issued a $108.00 price objective (up from $100.00) on shares of Parsons in a report on Thursday, August 1st. Finally, Raymond James downgraded Parsons from a “strong-buy” rating to an “outperform” rating and set a $115.00 target price on the stock. in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Parsons presently has an average rating of “Moderate Buy” and an average target price of $99.00.

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.