Parsons Co. (NYSE:PSN) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. decreased its stake in Parsons Co. (NYSE:PSN) by 26.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,492 shares of the company’s stock after selling 19,466 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Parsons were worth $4,935,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PSN. ORG Wealth Partners LLC acquired a new stake in Parsons in the 4th quarter worth about $26,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Parsons by 12.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,442 shares of the company’s stock valued at $594,000 after acquiring an additional 735 shares in the last quarter. First Hawaiian Bank boosted its stake in shares of Parsons by 48.8% in the fourth quarter. First Hawaiian Bank now owns 39,523 shares of the company’s stock worth $3,646,000 after acquiring an additional 12,964 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Parsons by 224.7% during the fourth quarter. GAMMA Investing LLC now owns 315 shares of the company’s stock worth $29,000 after purchasing an additional 218 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Parsons by 18.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,192,943 shares of the company’s stock valued at $123,685,000 after purchasing an additional 183,117 shares during the last quarter. Hedge funds and other institutional investors own 98.02% of the company’s stock.

Parsons Stock Up 1.1 %

PSN stock opened at $92.89 on Friday. Parsons Co. has a one year low of $63.12 and a one year high of $114.68. The firm has a market cap of $9.86 billion, a PE ratio of 140.74, a PEG ratio of 1.72 and a beta of 0.74. The firm’s 50 day moving average price is $97.76 and its 200-day moving average price is $95.09. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 1.55.

Parsons (NYSE:PSN) last posted its earnings results on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.63 billion. Parsons had a return on equity of 12.74% and a net margin of 1.21%. On average, equities research analysts anticipate that Parsons Co. will post 3.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PSN shares. KeyCorp lowered their target price on shares of Parsons from $122.00 to $102.00 and set an “overweight” rating on the stock in a research note on Wednesday. TD Cowen lowered their price target on shares of Parsons from $117.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday. The Goldman Sachs Group upgraded shares of Parsons from a “neutral” rating to a “buy” rating and increased their price objective for the company from $103.00 to $111.00 in a report on Thursday, December 12th. Raymond James cut Parsons from an “outperform” rating to a “market perform” rating in a report on Thursday, January 2nd. Finally, Robert W. Baird upped their price target on Parsons from $103.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Parsons presently has an average rating of “Moderate Buy” and a consensus price target of $108.25.

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.