Needham Investment Management LLC Has $20.02 Million Position in Parsons Corporation $PSN

Posted by Francis Steltz on Jun 16th, 2026

Needham Investment Management LLC raised its stake in shares of Parsons Corporation (NYSE:PSN – Free Report) by 9.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 324,000 shares of the company’s stock after purchasing an additional 29,000 shares during the quarter. Parsons comprises about 1.3% of Needham Investment Management LLC’s investment portfolio, making the stock its 26th largest position. Needham Investment Management LLC’s holdings in Parsons were worth $20,023,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PSN. Danske Bank A S acquired a new position in shares of Parsons during the 4th quarter worth about $31,000. Los Angeles Capital Management LLC acquired a new position in shares of Parsons during the 4th quarter worth about $32,000. ST Germain D J Co. Inc. acquired a new position in shares of Parsons during the 4th quarter worth about $41,000. Farther Finance Advisors LLC grew its position in shares of Parsons by 613.2% during the 4th quarter. Farther Finance Advisors LLC now owns 756 shares of the company’s stock worth $47,000 after buying an additional 650 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Parsons during the 4th quarter worth about $53,000. 98.02% of the stock is currently owned by institutional investors and hedge funds.

Parsons Trading Down 2.2%

NYSE PSN opened at $55.47 on Tuesday. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 1.80 and a beta of 0.64. The stock’s 50 day moving average price is $54.74 and its two-hundred day moving average price is $61.44. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.75 and a current ratio of 1.75. 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 earnings results on Wednesday, April 29th. The company reported $0.79 EPS 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 business’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. As a group, analysts anticipate that Parsons Corporation will post 2.94 earnings per share for the current fiscal year.

Insider Transactions at Parsons

In other Parsons news, Director Mark Keith Holdsworth purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average price of $51.27 per share, for a total transaction of $512,700.00. Following the purchase, the director owned 39,918 shares in the company, valued at approximately $2,046,595.86. The trade was a 33.42% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director George L. Ball purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average price of $50.00 per share, for a total transaction of $500,000.00. Following the purchase, the director owned 150,383 shares in the company, valued at $7,519,150. This trade represents a 7.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 32,500 shares of company stock worth $1,637,325 in the last 90 days. Corporate insiders own 1.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Robert W. Baird restated a “neutral” rating and set a $60.00 target price on shares of Parsons in a research report on Monday, April 13th. Jefferies Financial Group reiterated a “hold” rating on shares of Parsons in a research report on Sunday, May 3rd. Citigroup decreased their price objective on Parsons from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. KeyCorp lowered Parsons from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, April 14th. Finally, Barclays decreased their price objective on Parsons from $78.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Parsons presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.92.

View Our Latest Stock Report on Parsons

Parsons Profile

(Free Report)

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.