Parsons Co. (NYSE:PSN) Shares Acquired by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Parsons Co. (NYSE:PSN) by 15.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,149 shares of the company’s stock after acquiring an additional 11,520 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.08% of Parsons worth $8,052,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Machina Capital S.A.S. acquired a new stake in shares of Parsons during the fourth quarter valued at about $324,000. Edgestream Partners L.P. acquired a new stake in shares of Parsons during the fourth quarter valued at about $1,174,000. Raymond James Financial Inc. acquired a new stake in shares of Parsons during the fourth quarter valued at about $63,417,000. LVZ Inc. increased its position in shares of Parsons by 18.3% during the fourth quarter. LVZ Inc. now owns 4,436 shares of the company’s stock valued at $409,000 after acquiring an additional 686 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Parsons by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 425,222 shares of the company’s stock valued at $39,227,000 after acquiring an additional 5,604 shares during the last quarter. 98.02% of the stock is currently owned by institutional investors and hedge funds.

Parsons Trading Up 5.1 %

NYSE PSN opened at $60.34 on Monday. The company has a quick ratio of 1.55, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. Parsons Co. has a 52 week low of $54.56 and a 52 week high of $114.68. The stock has a market capitalization of $6.44 billion, a PE ratio of 79.39, a price-to-earnings-growth ratio of 0.93 and a beta of 0.78. The firm has a 50 day moving average of $78.64 and a two-hundred day moving average of $92.84.

Analyst Ratings Changes

A number of brokerages have weighed in on PSN. The Goldman Sachs Group dropped their price target on shares of Parsons from $109.00 to $98.00 and set a “buy” rating for the company in a research report on Tuesday, February 25th. KeyCorp dropped their price objective on shares of Parsons from $122.00 to $102.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. TD Cowen cut shares of Parsons from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a report on Friday, February 21st. Robert W. Baird dropped their price objective on shares of Parsons from $125.00 to $78.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, William Blair upgraded shares of Parsons from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.44.

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.