10,400 Shares in Parsons Co. (NYSE:PSN) Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp bought a new position in Parsons Co. (NYSE:PSN) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,400 shares of the company’s stock, valued at approximately $959,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. ORG Wealth Partners LLC bought a new stake in shares of Parsons in the fourth quarter worth approximately $26,000. GAMMA Investing LLC boosted its holdings in Parsons by 224.7% in the fourth 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 bought a new stake in Parsons in the 3rd quarter worth approximately $30,000. Principal Securities Inc. purchased a new stake in Parsons during the 4th quarter valued at $33,000. Finally, R Squared Ltd bought a new position in shares of Parsons during the 4th quarter valued at $38,000. Institutional investors own 98.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PSN. KeyCorp cut their price objective on Parsons from $122.00 to $102.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Raymond James downgraded Parsons from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 2nd. The Goldman Sachs Group upgraded shares of Parsons from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $103.00 to $111.00 in a research note on Thursday, December 12th. TD Cowen lowered shares of Parsons from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a research report on Friday. Finally, Robert W. Baird reduced their target price on shares of Parsons from $125.00 to $78.00 and set an “outperform” rating for the company in a report on Thursday. Two investment 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, Parsons has an average rating of “Moderate Buy” and a consensus target price of $102.11.

Parsons Price Performance

NYSE PSN opened at $59.45 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. Parsons Co. has a 12 month low of $57.86 and a 12 month high of $114.68. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 78.22, a PEG ratio of 0.98 and a beta of 0.73. The company’s 50 day moving average is $86.65 and its two-hundred day moving average is $95.41.

About Parsons

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.