Parsons
PSN
Market cap $11.5B

108.27 USD

+0.13

0.12%

At close Oct 17, 4:00 PM EDT

1 day

0.12%

5 days

3.05%

1 month

10.37%

3 months

40.57%

6 months

37.82%

Year to date

72.96%

1 year

86.64%

5 years

231.51%

About: Parsons Corp is a provider of technology-driven solutions in the defense, intelligence, and critical infrastructure markets. The business activities of the group are carried out through Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment is a high-end service and technology provider to the U.S. government, delivering timely, cost-effective solutions for mission-critical projects, whereas the Critical Infrastructure segment provides integrated design and engineering services for complex physical and digital infrastructure around the globe.

Employees: 6,551

Information Technology Computer Integrated Systems Design

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 5 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

2,370% more call options, than puts

Call options by funds: $215M | Put options by funds: $8.69M

33% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 4 (+1) [Q2]

21% more repeat investments, than reductions

Existing positions increased: 125 | Existing positions reduced: 103

16% more first-time investments, than exits

New positions opened: 66 | Existing positions closed: 57

3% more funds holding

Funds holding: 331 [Q1] → 340 (+9) [Q2]

0.41% less ownership

Funds ownership: 98.88% [Q1] → 98.47% (-0.41%) [Q2]

1% less capital invested

Capital invested by funds: $8.68B [Q1] → $8.56B (-$121M) [Q2]

See Fund Rankings

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$97

10%

downside

Avg. target

$105

3%

downside

High target

$116

7%

upside

5 analyst ratings

5 positive

100%

0 neutral

0%

0 negative

0%

Keybanc Sangita Jain 94% 1-year accuracy 33 / 35 met price target	7%upside $116	Overweight Maintained	8 Oct 2024
Benchmark Josh Sullivan 71% 1-year accuracy 37 / 52 met price target	7%downside $101	Buy Maintained	1 Aug 2024
Keybanc Sangita Jain 94% 1-year accuracy 33 / 35 met price target	10%downside $97	Overweight Maintained	1 Aug 2024
Truist Securities Tobey Sommer 85% 1-year accuracy 29 / 34 met price target	0%downside $108	Buy Reiterated	1 Aug 2024
Baird Andrew Wittmann 80% 1-year accuracy 20 / 25 met price target	5%downside $103	Outperform Maintained	1 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 10 articles about PSN published over the past 30 days

Parsons Wins Seat on $225M U.S. Army Corps of Engineers Contract for Environmental Remediation

CHANTILLY, Va., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a seat on a $225 million multiple award task order contract (MATOC) by the United States Army Corps of Engineers (USACE) Kansas City District. The contract for environmental remediation activities has a one-year base period and four one-year option periods and represents new work for the company. The contract includes projects funded by the Infrastructure Investment and Jobs Act in support of Environmental Protection Agency (EPA) cleanup projects that protect public health and safety.

Parsons Wins Seat on $225M U.S. Army Corps of Engineers Contract for Environmental Remediation

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Parsons Awarded $25M Contracts for Middle East Transportation Projects

CHANTILLY, Va., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company has been awarded two contracts worth $25 million to perform design engineering for a Middle East transportation customer. With the same customer, Parsons has won more than $90 million in contract awards over the last 9 months.

Parsons Awarded $25M Contracts for Middle East Transportation Projects

Parsons Leading PFAS Groundwater Treatment at Burlington Air National Guard Installation

CHANTILLY, Va., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced that the company was selected by the National Guard Bureau to manage the operation and maintenance of a per-and polyfluoroalkyl substances (PFAS) groundwater treatment system at Burlington Air National Guard Base, Vermont. The two-year task order is new work for the company.

Parsons Leading PFAS Groundwater Treatment at Burlington Air National Guard Installation

Zacks Investment Research

3 Reasons Why Growth Investors Shouldn't Overlook Parsons (PSN)

Parsons (PSN) could produce exceptional returns because of its solid growth attributes.

3 Reasons Why Growth Investors Shouldn't Overlook Parsons (PSN)

Zacks Investment Research

Are You Looking for a Top Momentum Pick? Why Parsons (PSN) is a Great Choice

Does Parsons (PSN) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Parsons (PSN) is a Great Choice

Zacks Investment Research

Parsons Corporation (PSN) Hits Fresh High: Is There Still Room to Run?

Parsons (PSN) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Parsons Corporation (PSN) Hits Fresh High: Is There Still Room to Run?

Parsons Awarded Position on $4B Defense Threat Reduction Agency Contract

CHANTILLY, Va., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a position on an indefinite-delivery, indefinite-quantity (IDIQ) multiple award task order contract (MATOC) by the Defense Threat Reduction Agency (DTRA) to support Countering Weapons Of Mass Destruction (CWMD) objectives. The $4 billion ceiling value contract includes a five-year base period and one five-year option period and is new work for the company.

Parsons Awarded Position on $4B Defense Threat Reduction Agency Contract

Parsons Delivers Critical Milestone for NOAA's TraCSS Program

CHANTILLY, Va., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN), a leading national security solutions company in the space domain, is proud to announce the successful delivery of Phase 1.0, the initial capabilities release for the National Oceanic and Atmospheric Administration's (NOAA) Office of Space Commerce's (OSC) Traffic Coordination System for Space (TraCSS) program. Parsons is the system integration and cloud management services lead for TraCSS, a modern, cloud-based IT system that will provide space situational awareness (SSA) and space traffic coordination (STC) services to private and civil space operators.

Parsons Delivers Critical Milestone for NOAA's TraCSS Program

Parsons to Announce Third Quarter 2024 Financial Results on October 30, 2024

CHANTILLY, Va., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) will release third quarter 2024 financial results before the markets open on Wednesday, October 30, 2024. The company will host a conference call at 8:00 a.m. Eastern Time that day to discuss its earnings results and strategic corporate initiatives.

Parsons to Announce Third Quarter 2024 Financial Results on October 30, 2024

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