Dimensional Fund Advisors LP Has $139.51 Million Holdings in Parsons Corporation $PSN

Dimensional Fund Advisors LP lifted its position in Parsons Corporation (NYSE:PSN) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,682,586 shares of the company’s stock after acquiring an additional 45,922 shares during the period. Dimensional Fund Advisors LP owned about 1.58% of Parsons worth $139,511,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Parsons by 10.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,412 shares of the company’s stock valued at $117,000 after purchasing an additional 135 shares during the period. Thomas Story & Son LLC lifted its position in shares of Parsons by 5.7% in the third quarter. Thomas Story & Son LLC now owns 3,035 shares of the company’s stock worth $252,000 after purchasing an additional 165 shares in the last quarter. CI Investments Inc. boosted its holdings in shares of Parsons by 32.5% during the third quarter. CI Investments Inc. now owns 852 shares of the company’s stock worth $71,000 after purchasing an additional 209 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Parsons by 38.0% during the first quarter. NewEdge Advisors LLC now owns 959 shares of the company’s stock worth $57,000 after purchasing an additional 264 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in Parsons by 4.7% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 6,156 shares of the company’s stock valued at $510,000 after purchasing an additional 278 shares in the last quarter. Institutional investors and hedge funds own 98.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PSN shares. Truist Financial reaffirmed a “buy” rating and issued a $85.00 target price (down from $90.00) on shares of Parsons in a research report on Thursday, February 12th. Raymond James Financial downgraded Parsons from a “strong-buy” rating to a “market perform” rating in a research note on Friday, December 5th. Stifel Nicolaus reduced their price target on Parsons from $94.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, December 23rd. KeyCorp lowered their price target on Parsons from $80.00 to $73.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Parsons in a report on Monday, December 29th. Eleven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $83.42.

Parsons Stock Performance

Shares of NYSE PSN opened at $59.41 on Wednesday. Parsons Corporation has a 12 month low of $56.27 and a 12 month high of $89.50. The company has a market cap of $6.29 billion, a P/E ratio of 27.00, a P/E/G ratio of 1.96 and a beta of 0.68. The business’s 50 day moving average is $67.18 and its two-hundred day moving average is $74.55. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.45.

Parsons (NYSE:PSN) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.06). The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.68 billion. Parsons had a return on equity of 11.81% and a net margin of 3.79%.The business’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 EPS. On average, equities analysts expect that Parsons Corporation will post 3.58 EPS for the current year.

Parsons Profile

Parsons Corporation (NYSE: PSN) is a technology-driven engineering, construction, technical and professional services firm. The company delivers end-to-end solutions that span feasibility studies, design and engineering, construction management, system integration and ongoing operations support. Parsons serves both government and commercial clients and focuses on critical infrastructure, defense, security, intelligence and environmental programs.

Core services include program and construction management for transportation systems, water and environmental infrastructure, cybersecurity and advanced systems integration.