Goodman Financial Corp Buys 98,560 Shares of Parsons Corporation $PSN

Posted by on Jul 17th, 2026

Goodman Financial Corp lifted its stake in shares of Parsons Corporation (NYSE:PSN – Free Report) by 44.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 319,144 shares of the company’s stock after purchasing an additional 98,560 shares during the quarter. Parsons comprises approximately 3.0% of Goodman Financial Corp’s portfolio, making the stock its 10th biggest position. Goodman Financial Corp’s holdings in Parsons were worth $17,288,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Aster Capital Management DIFC Ltd purchased a new position in Parsons in the 4th quarter valued at $25,000. Danske Bank A S purchased a new position in Parsons during the 4th quarter worth $31,000. Los Angeles Capital Management LLC purchased a new position in Parsons during the 4th quarter worth $32,000. ST Germain D J Co. Inc. acquired a new stake in shares of Parsons in the 4th quarter worth $41,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Parsons by 613.2% in the 4th quarter. Farther Finance Advisors LLC now owns 756 shares of the company’s stock worth $47,000 after acquiring an additional 650 shares during the period. 98.02% of the stock is owned by institutional investors and hedge funds.

Parsons Stock Performance

Shares of PSN opened at $57.97 on Friday. 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 Corporation has a 52-week low of $46.88 and a 52-week high of $89.50. The company has a 50-day simple moving average of $54.52 and a 200-day simple moving average of $58.90. The company has a market capitalization of $6.20 billion, a PE ratio of 27.74, a P/E/G ratio of 1.78 and a beta of 0.66.

Parsons (NYSE:PSN – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.09. Parsons had a net margin of 3.62% and a return on equity of 11.52%. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The firm’s revenue was down 4.1% on a year-over-year basis. Equities research analysts predict that Parsons Corporation will post 2.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Parsons from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. KeyCorp downgraded shares of Parsons from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, April 14th. Truist Financial lowered their price objective on Parsons from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, April 20th. BNP Paribas Exane set a $65.00 target price on Parsons and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Parsons in a research note on Wednesday, July 8th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Parsons presently has an average rating of “Moderate Buy” and a consensus target price of $75.82.

Check Out Our Latest Analysis on PSN

Insider Activity

In other news, Director George L. Ball purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $50.00 per share, for a total transaction of $500,000.00. Following the acquisition, the director directly owned 150,383 shares in the company, valued at approximately $7,519,150. The trade was a 7.12% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Carey A. Smith acquired 12,500 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average cost of $49.97 per share, with a total value of $624,625.00. Following the completion of the purchase, the chief executive officer directly owned 575,376 shares in the company, valued at $28,751,538.72. This represents a 2.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 32,500 shares of company stock worth $1,637,325. Company insiders own 1.31% of the company’s stock.

About Parsons

(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.

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Institutional Ownership by Quarter for Parsons (NYSE:PSN)

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