Neo Ivy Capital Management Has $590,000 Holdings in Parsons Corporation $PSN

Neo Ivy Capital Management decreased its position in shares of Parsons Corporation (NYSE:PSN) by 34.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,222 shares of the company’s stock after selling 4,406 shares during the quarter. Neo Ivy Capital Management’s holdings in Parsons were worth $590,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Parsons by 8.2% during the first quarter. Vanguard Group Inc. now owns 4,952,299 shares of the company’s stock worth $293,226,000 after buying an additional 376,764 shares during the period. Groupama Asset Managment acquired a new stake in Parsons during the 1st quarter worth about $136,183,000. Artisan Partners Limited Partnership grew its holdings in Parsons by 15.2% during the 2nd quarter. Artisan Partners Limited Partnership now owns 2,114,579 shares of the company’s stock worth $151,763,000 after acquiring an additional 279,244 shares during the period. William Blair Investment Management LLC raised its position in shares of Parsons by 72.5% in the 2nd 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 in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of Parsons by 53.8% in the 1st quarter. Mackenzie Financial Corp now owns 1,084,288 shares of the company’s stock valued at $64,201,000 after purchasing an additional 379,254 shares during the period. 98.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PSN has been the subject of several recent analyst reports. KeyCorp raised their price objective on shares of Parsons from $87.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Baird R W upgraded Parsons from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 7th. Robert W. Baird boosted their target price on Parsons from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. William Blair upgraded Parsons from a “market perform” rating to an “outperform” rating in a report on Thursday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Parsons in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Parsons currently has a consensus rating of “Moderate Buy” and an average price target of $92.82.

Parsons Trading Down 0.3%

NYSE:PSN opened at $81.78 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.67 and a quick ratio of 1.67. Parsons Corporation has a one year low of $54.56 and a one year high of $101.92. The company has a market cap of $8.71 billion, a PE ratio of 37.52, a PEG ratio of 4.24 and a beta of 0.62. The firm has a 50-day moving average of $83.45 and a 200-day moving average of $76.49.

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

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.