Machina Capital S.A.S. Makes New $324,000 Investment in Parsons Co. (NYSE:PSN)

Machina Capital S.A.S. bought a new position in shares of Parsons Co. (NYSE:PSN) during the 4th quarter, HoldingsChannel reports. The firm bought 3,512 shares of the company’s stock, valued at approximately $324,000.

Other institutional investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new stake in shares of Parsons during the fourth quarter worth $26,000. True Wealth Design LLC purchased a new stake in shares of Parsons during the third quarter worth $30,000. GAMMA Investing LLC lifted its position in shares of Parsons by 224.7% during the fourth quarter. GAMMA Investing LLC now owns 315 shares of the company’s stock worth $29,000 after acquiring an additional 218 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Parsons during the fourth quarter worth $33,000. Finally, R Squared Ltd purchased a new stake in shares of Parsons during the fourth quarter worth $38,000. Hedge funds and other institutional investors own 98.02% of the company’s stock.

Wall Street Analysts Forecast Growth

PSN has been the topic of several recent research reports. Jefferies Financial Group dropped their target price on Parsons from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Raymond James downgraded Parsons from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. TD Cowen downgraded Parsons from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a research report on Friday, February 21st. KeyCorp lowered their price objective on Parsons from $122.00 to $102.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Truist Financial lowered 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. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $99.44.

Parsons Stock Up 5.1 %

PSN opened at $60.34 on Monday. The stock has a market cap of $6.44 billion, a PE ratio of 79.39, a P/E/G ratio of 0.93 and a beta of 0.78. The company has a quick ratio of 1.55, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. Parsons Co. has a 52 week low of $54.56 and a 52 week high of $114.68. The business’s fifty day simple moving average is $78.64 and its 200 day simple moving average is $92.84.

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.