Parsons Corporation (NYSE:PSN – Get Free Report) Director George Ball purchased 10,000 shares of Parsons stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of $50.00 per share, with a total value of $500,000.00. Following the completion of the purchase, the director directly owned 150,383 shares of the company’s stock, valued at approximately $7,519,150. This trade represents a 7.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Parsons Stock Performance
Shares of PSN stock opened at $50.44 on Friday. The company has a 50 day moving average price of $54.18 and a 200-day moving average price of $65.51. Parsons Corporation has a 52 week low of $48.23 and a 52 week high of $89.50. The firm has a market capitalization of $5.40 billion, a PE ratio of 24.13, a P/E/G ratio of 1.63 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.
Parsons (NYSE:PSN – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.09. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. Parsons had a net margin of 3.62% and a return on equity of 11.52%. The firm’s revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share. As a group, equities research analysts expect that Parsons Corporation will post 2.94 earnings per share for the current year.
Analyst Ratings Changes
Read Our Latest Report on Parsons
Institutional Trading of Parsons
Institutional investors and hedge funds have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd bought a new stake in Parsons in the 4th quarter valued at $25,000. Danske Bank A S bought a new stake in Parsons in the 4th quarter valued at $31,000. Los Angeles Capital Management LLC bought a new stake in Parsons in the 4th quarter valued at $32,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Parsons in the 3rd quarter valued at $40,000. Finally, ST Germain D J Co. Inc. bought a new stake in Parsons in the 4th quarter valued at $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.
Further Reading
- Five stocks we like better than Parsons
- Viking Sails to All-Time Highs—Fundamentals Signal More to Come
- Datavalut Gains Traction: 5 Reasons to Sell Now
- TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
- The Power Grid Is Dying—Is It Time to Buy Its Replacement?
Receive News & Ratings for Parsons Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parsons and related companies with MarketBeat.com's FREE daily email newsletter.
