Eisler Capital Management Ltd. Acquires Shares of 55,066 Parsons Co. (NYSE:PSN)

Eisler Capital Management Ltd. acquired a new stake in shares of Parsons Co. (NYSE:PSN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 55,066 shares of the company's stock, valued at approximately $4,983,000. Eisler Capital Management Ltd. owned 0.05% of Parsons as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Ethic Inc. grew its position in shares of Parsons by 141.5% during the fourth quarter. Ethic Inc. now owns 7,427 shares of the company's stock worth $685,000 after buying an additional 4,352 shares in the last quarter. CoreCap Advisors LLC acquired a new position in Parsons during the 4th quarter worth $715,000. Cubist Systematic Strategies LLC increased its position in shares of Parsons by 11,272.0% in the 4th quarter. Cubist Systematic Strategies LLC now owns 193,324 shares of the company's stock worth $17,834,000 after purchasing an additional 191,624 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Parsons by 16.8% in the 4th quarter. Cetera Investment Advisers now owns 8,328 shares of the company's stock valued at $768,000 after purchasing an additional 1,199 shares in the last quarter. Finally, Centiva Capital LP bought a new position in shares of Parsons during the fourth quarter worth about $1,810,000. 98.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. The Goldman Sachs Group decreased their target price on Parsons from $109.00 to $98.00 and set a "buy" rating for the company in a research note on Tuesday, February 25th. TD Cowen cut Parsons from a "buy" rating to a "hold" rating and set a $105.00 target price on the stock. in a research note on Friday, February 21st. Robert W. Baird lowered shares of Parsons from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $72.00 to $69.00 in a research report on Thursday, May 1st. Baird R W downgraded shares of Parsons from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Finally, William Blair upgraded shares of Parsons from a "market perform" rating to an "outperform" rating in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Parsons has a consensus rating of "Moderate Buy" and an average price target of $90.20.

Parsons Trading Up 0.3%

Shares of Parsons stock traded up $0.18 on Tuesday, reaching $65.27. 620,673 shares of the company were exchanged, compared to its average volume of 1,117,990. The company has a current ratio of 1.29, a quick ratio of 1.55 and a debt-to-equity ratio of 0.31. Parsons Co. has a fifty-two week low of $54.56 and a fifty-two week high of $114.68. The firm has a market capitalization of $6.98 billion, a price-to-earnings ratio of 85.88, a price-to-earnings-growth ratio of 0.93 and a beta of 0.57. The stock has a fifty day moving average price of $62.06 and a 200-day moving average price of $79.88.

Parsons declared that its board has authorized a stock repurchase program on Monday, March 24th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 3.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

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.