Parsons Corporation (NYSE:PSN – Get Free Report) CEO Carey Smith acquired 12,500 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average price of $49.97 per share, for a total transaction of $624,625.00. Following the transaction, the chief executive officer directly owned 575,376 shares of the company’s stock, valued at $28,751,538.72. This represents a 2.22% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Parsons Price Performance
Parsons stock opened at $52.74 on Wednesday. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 1.55 and a beta of 0.60. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.55. The business has a 50-day simple moving average of $55.15 and a 200 day simple moving average of $66.09. Parsons Corporation has a 52 week low of $48.23 and a 52 week high of $89.50.
Parsons (NYSE:PSN – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.09. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Parsons had a return on equity of 11.52% and a net margin of 3.62%.The company’s revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 EPS. On average, research analysts forecast that Parsons Corporation will post 2.94 earnings per share for the current fiscal year.
Analyst Ratings Changes
Read Our Latest Research Report on Parsons
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of PSN. Aster Capital Management DIFC Ltd bought a new stake in shares of Parsons in the 4th quarter worth approximately $25,000. Danske Bank A S purchased a new stake in shares of Parsons in the 4th quarter valued at $31,000. Los Angeles Capital Management LLC bought a new position in shares of Parsons during the 4th quarter valued at $32,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Parsons in the 3rd quarter worth $40,000. Finally, ST Germain D J Co. Inc. purchased a new position in Parsons in the 4th quarter worth $41,000. 98.02% of the stock is currently owned by institutional investors.
About Parsons
Parsons Corporation (NYSE: PSN) is a technology-driven engineering, construction, technical and professional services firm. The company delivers end-to-end solutions that span feasibility studies, design and engineering, construction management, system integration and ongoing operations support. Parsons serves both government and commercial clients and focuses on critical infrastructure, defense, security, intelligence and environmental programs.
Core services include program and construction management for transportation systems, water and environmental infrastructure, cybersecurity and advanced systems integration.
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