Semanteon Capital Management LP Purchases 3,570 Shares of Parsons Co. (NYSE:PSN)

Semanteon Capital Management LP boosted its position in shares of Parsons Co. (NYSE:PSN) by 29.6% during the 4th quarter, HoldingsChannel reports. The fund owned 15,630 shares of the company’s stock after buying an additional 3,570 shares during the quarter. Semanteon Capital Management LP’s holdings in Parsons were worth $1,442,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new position in Parsons during the fourth quarter valued at about $26,000. GAMMA Investing LLC increased its stake in Parsons by 224.7% during the fourth quarter. GAMMA Investing LLC now owns 315 shares of the company’s stock valued at $29,000 after acquiring an additional 218 shares during the period. True Wealth Design LLC bought a new position in Parsons during the third quarter valued at about $30,000. Principal Securities Inc. bought a new stake in shares of Parsons in the 4th quarter valued at approximately $33,000. Finally, R Squared Ltd bought a new stake in shares of Parsons in the 4th quarter valued at approximately $38,000. 98.02% of the stock is currently owned by institutional investors.

Parsons Stock Down 3.0 %

NYSE PSN opened at $59.05 on Friday. The firm has a market cap of $6.31 billion, a PE ratio of 77.70, a price-to-earnings-growth ratio of 0.93 and a beta of 0.78. Parsons Co. has a one year low of $54.56 and a one year high of $114.68. The stock’s 50 day simple moving average is $72.68 and its 200 day simple moving average is $90.61. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 1.55.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PSN shares. William Blair upgraded Parsons from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 18th. Jefferies Financial Group lowered their price objective on Parsons from $110.00 to $100.00 and set a “buy” rating on the stock 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 on the stock in a research note on Thursday, February 20th. Benchmark reiterated a “buy” rating and issued a $90.00 price objective on shares of Parsons in a research note on Wednesday, February 26th. Finally, The Goldman Sachs Group lowered their price objective on Parsons from $109.00 to $98.00 and set a “buy” rating on the stock in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Parsons has an average rating of “Moderate Buy” and a consensus price target of $99.44.

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.