Parsons Co. (NYSE:PSN) Shares Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. grew its stake in Parsons Co. (NYSE:PSN) by 430.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,884 shares of the company’s stock after buying an additional 14,514 shares during the quarter. Fox Run Management L.L.C.’s holdings in Parsons were worth $1,650,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of PSN. Raymond James Financial Inc. acquired a new stake in shares of Parsons during the 4th quarter worth approximately $63,417,000. State Street Corp raised its holdings in shares of Parsons by 60.6% during the 3rd quarter. State Street Corp now owns 1,634,155 shares of the company’s stock worth $169,429,000 after acquiring an additional 616,707 shares during the period. Principal Financial Group Inc. boosted its position in shares of Parsons by 18.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,192,943 shares of the company’s stock valued at $123,685,000 after acquiring an additional 183,117 shares during the last quarter. FMR LLC grew its holdings in shares of Parsons by 391.4% in the third quarter. FMR LLC now owns 195,850 shares of the company’s stock valued at $20,306,000 after purchasing an additional 155,991 shares during the period. Finally, Van ECK Associates Corp increased its position in Parsons by 39.1% during the fourth quarter. Van ECK Associates Corp now owns 502,178 shares of the company’s stock worth $46,326,000 after purchasing an additional 141,282 shares during the last quarter. Hedge funds and other institutional investors own 98.02% of the company’s stock.

Parsons Stock Performance

Shares of Parsons stock opened at $59.10 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 1.55. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 77.76, a price-to-earnings-growth ratio of 0.93 and a beta of 0.78. The business has a 50-day moving average of $72.00 and a 200 day moving average of $90.35. Parsons Co. has a 12 month low of $54.56 and a 12 month high of $114.68.

Analyst Ratings Changes

Several research firms have recently weighed in on PSN. Jefferies Financial Group dropped their price target on shares of Parsons from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Robert W. Baird lowered their price objective on Parsons from $125.00 to $78.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Truist Financial reduced their target price on Parsons from $130.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. The Goldman Sachs Group decreased their price target on Parsons from $109.00 to $98.00 and set a “buy” rating on the stock in a research note on Tuesday, February 25th. Finally, TD Cowen downgraded Parsons from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $99.44.

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.