Wintrust Investments LLC Has $42,000 Holdings in Parsons Co. (NYSE:PSN)

Wintrust Investments LLC lessened its position in shares of Parsons Co. (NYSE:PSN) by 48.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 455 shares of the company’s stock after selling 430 shares during the period. Wintrust Investments LLC’s holdings in Parsons were worth $42,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PSN. Assetmark Inc. lifted its holdings in shares of Parsons by 10.7% during the 3rd quarter. Assetmark Inc. now owns 2,750 shares of the company’s stock worth $285,000 after acquiring an additional 265 shares during the period. Sigma Planning Corp bought a new stake in shares of Parsons during the 3rd quarter worth approximately $232,000. State of New Jersey Common Pension Fund D bought a new stake in shares of Parsons during the 3rd quarter worth approximately $2,172,000. Aptus Capital Advisors LLC bought a new stake in shares of Parsons during the 3rd quarter worth approximately $563,000. Finally, Pinnacle Financial Partners Inc bought a new stake in shares of Parsons during the 3rd quarter worth approximately $248,000. Institutional investors own 98.02% of the company’s stock.

Parsons Trading Down 1.4 %

PSN opened at $56.58 on Friday. Parsons Co. has a twelve month low of $54.56 and a twelve month high of $114.68. The company has a quick ratio of 1.55, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The company has a fifty day moving average of $75.89 and a 200-day moving average of $91.83. The stock has a market cap of $6.04 billion, a PE ratio of 74.45, a price-to-earnings-growth ratio of 0.93 and a beta of 0.78.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PSN shares. The Goldman Sachs Group cut their price target on shares of Parsons from $109.00 to $98.00 and set a “buy” rating for the company in a 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 research note on Wednesday, January 8th. 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 research note on Thursday, February 20th. Benchmark reissued a “buy” rating and issued a $90.00 price objective on shares of Parsons in a research note on Wednesday, February 26th. Finally, Truist Financial dropped their price objective on shares of Parsons from $130.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.