Parsons (NYSE:PSN) Upgraded at William Blair

William Blair upgraded shares of Parsons (NYSE:PSN) from a market perform rating to an outperform rating in a research report report published on Thursday morning, MarketBeat reports.

A number of other equities analysts have also recently weighed in on PSN. Truist Financial upped their price target on Parsons from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Robert W. Baird upped their target price on shares of Parsons from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Zacks Research raised shares of Parsons from a “strong sell” rating to a “hold” rating in a report on Thursday, August 14th. Baird R W upgraded shares of Parsons from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Parsons in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.82.

Parsons Stock Down 0.3%

Shares of NYSE PSN opened at $81.78 on Thursday. The stock has a fifty day moving average price of $83.45 and a 200 day moving average price of $76.59. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.46. Parsons has a 12-month low of $54.56 and a 12-month high of $101.92. The company has a market cap of $8.71 billion, a P/E ratio of 37.52, a P/E/G ratio of 4.22 and a beta of 0.62.

Parsons (NYSE:PSN) last issued its earnings results on Wednesday, November 5th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.12. Parsons had a return on equity of 11.98% and a net margin of 3.69%.The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the business earned $0.95 earnings per share. The company’s revenue was down 10.4% compared to the same quarter last year. Parsons has set its FY 2025 guidance at EPS. Research analysts anticipate that Parsons will post 3.58 EPS for the current fiscal year.

Institutional Trading of Parsons

Several institutional investors have recently added to or reduced their stakes in PSN. Vanguard Group Inc. lifted its position in shares of Parsons by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,077,310 shares of the company’s stock worth $421,011,000 after buying an additional 130,694 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in Parsons by 10.3% during the third quarter. Artisan Partners Limited Partnership now owns 2,331,921 shares of the company’s stock worth $193,363,000 after acquiring an additional 217,342 shares during the period. Groupama Asset Managment acquired a new stake in Parsons during the first quarter worth about $136,183,000. William Blair Investment Management LLC lifted its holdings in Parsons by 72.5% in the second quarter. William Blair Investment Management LLC now owns 1,889,281 shares of the company’s stock worth $135,594,000 after acquiring an additional 793,807 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Parsons by 2.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,682,586 shares of the company’s stock valued at $139,511,000 after acquiring an additional 45,922 shares during the period. Institutional investors own 98.02% of the company’s stock.

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.