Oppenheimer Asset Management Inc. Has $2.96 Million Position in Parsons Co. (NYSE:PSN)

Oppenheimer Asset Management Inc. grew its holdings in Parsons Co. (NYSE:PSN) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,126 shares of the company’s stock after acquiring an additional 191 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Parsons were worth $2,964,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Fisher Asset Management LLC raised its position in Parsons by 2.1% in the 3rd quarter. Fisher Asset Management LLC now owns 4,364 shares of the company’s stock valued at $452,000 after buying an additional 90 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Parsons by 3.2% during the third quarter. CIBC Asset Management Inc now owns 3,124 shares of the company’s stock worth $324,000 after purchasing an additional 96 shares during the period. Chartwell Investment Partners LLC boosted its stake in shares of Parsons by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 14,536 shares of the company’s stock worth $1,507,000 after acquiring an additional 117 shares during the period. GAMMA Investing LLC increased its holdings in shares of Parsons by 224.7% in the fourth quarter. GAMMA Investing LLC now owns 315 shares of the company’s stock valued at $29,000 after purchasing an additional 218 shares during the last quarter. Finally, Assetmark Inc. grew its stake in Parsons by 10.7% in the 3rd quarter. Assetmark Inc. now owns 2,750 shares of the company’s stock valued at $285,000 after buying an additional 265 shares during the last quarter. 98.02% of the stock is owned by institutional investors.

Parsons Stock Down 1.2 %

PSN stock opened at $58.23 on Friday. Parsons Co. has a fifty-two week low of $56.87 and a fifty-two week high of $114.68. The company has a market cap of $6.22 billion, a P/E ratio of 76.61, a price-to-earnings-growth ratio of 0.93 and a beta of 0.73. The stock’s 50 day simple moving average is $82.21 and its 200 day simple moving average is $94.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.55 and a current ratio of 1.29.

Wall Street Analyst Weigh In

PSN has been the topic of several recent research reports. 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 report on Tuesday, February 25th. Jefferies Financial Group decreased their price target on Parsons from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. TD Cowen downgraded shares of Parsons from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a research note on Friday, February 21st. William Blair raised Parsons from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 18th. Finally, KeyCorp decreased their price objective on Parsons from $122.00 to $102.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $99.44.

Parsons 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.