B.O.S.S. Retirement Advisors LLC Makes New Investment in Parsons Co. (NYSE:PSN)

B.O.S.S. Retirement Advisors LLC bought a new position in shares of Parsons Co. (NYSE:PSN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,151 shares of the company’s stock, valued at approximately $2,320,000.

Other institutional investors and hedge funds have also modified their holdings of the company. ORG Wealth Partners LLC acquired a new stake in shares of Parsons during the fourth quarter valued at $26,000. GAMMA Investing LLC boosted its stake in shares of Parsons by 224.7% during the 4th quarter. GAMMA Investing LLC now owns 315 shares of the company’s stock worth $29,000 after purchasing an additional 218 shares during the last quarter. True Wealth Design LLC acquired a new stake in shares of Parsons during the third quarter worth $30,000. V Square Quantitative Management LLC acquired a new stake in shares of Parsons during the third quarter worth $33,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Parsons during the third quarter worth $45,000. Institutional investors and hedge funds own 98.02% of the company’s stock.

Parsons Stock Down 1.9 %

Parsons stock opened at $83.71 on Friday. Parsons Co. has a 52 week low of $64.33 and a 52 week high of $114.68. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $94.81 and its two-hundred day moving average price is $95.91. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of 126.83, a PEG ratio of 1.42 and a beta of 0.74.

Parsons (NYSE:PSN) last issued its earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Parsons had a net margin of 1.21% and a return on equity of 12.74%. On average, analysts expect that Parsons Co. will post 3.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PSN has been the topic of several research analyst reports. TD Cowen decreased their target price on shares of Parsons from $117.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. KeyCorp cut their price target on shares of Parsons from $122.00 to $102.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Raymond James cut shares of Parsons from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 2nd. The Goldman Sachs Group upgraded shares of Parsons from a “neutral” rating to a “buy” rating and lifted their target price for the company from $103.00 to $111.00 in a report on Thursday, December 12th. Finally, Truist Financial reduced their price objective on Parsons from $130.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Parsons presently has a consensus rating of “Moderate Buy” and a consensus price target 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.