Yousif Capital Management LLC Has $1.33 Million Stock Holdings in Parsons Co. (NYSE:PSN)

Yousif Capital Management LLC lowered its stake in Parsons Co. (NYSE:PSN) by 4.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,420 shares of the company’s stock after selling 656 shares during the quarter. Yousif Capital Management LLC’s holdings in Parsons were worth $1,330,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Alliance Wealth Advisors LLC UT acquired a new position in shares of Parsons during the fourth quarter valued at about $471,000. Precision Wealth Strategies LLC purchased a new stake in shares of Parsons in the fourth quarter valued at about $578,000. Synergy Asset Management LLC bought a new position in shares of Parsons during the fourth quarter valued at about $12,550,000. BOCHK Asset Management Ltd bought a new position in shares of Parsons during the fourth quarter valued at about $8,799,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Parsons by 94.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 15,575 shares of the company’s stock worth $1,437,000 after purchasing an additional 7,557 shares during the last quarter. Institutional investors and hedge funds own 98.02% of the company’s stock.

Wall Street Analysts Forecast Growth

PSN has been the topic of several recent analyst reports. Jefferies Financial Group dropped their target price on shares of Parsons from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. The Goldman Sachs Group upgraded Parsons from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $103.00 to $111.00 in a report on Thursday, December 12th. Robert W. Baird upped their price objective on Parsons from $103.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. KeyCorp lowered their target price on Parsons from $122.00 to $102.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Finally, William Blair downgraded shares of Parsons from an “outperform” rating to a “market perform” rating in a report on Thursday, January 23rd. Two investment 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 presently has an average rating of “Moderate Buy” and an average target price of $107.33.

Parsons Trading Down 3.3 %

Shares of PSN stock opened at $73.47 on Friday. The stock has a market capitalization of $7.80 billion, a price-to-earnings ratio of 111.31, a PEG ratio of 1.17 and a beta of 0.73. Parsons Co. has a 1 year low of $70.40 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’s fifty day simple moving average is $89.88 and its two-hundred day simple moving average is $96.10.

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.