On March 28, 2023,
William Blair
upgraded
their outlook for Parsons (NYSE:PSN) from Market Perform to Outperform.
Analyst Price Forecast Suggests 12.90% Upside
As of March 29, 2023,
the average one-year price target for Parsons is $49.88.
The forecasts range from a low of $39.39 to a high of $57.75.
The average price target represents an increase of 12.90% from its latest reported closing price of $44.18.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Parsons
is $4,507MM, an increase of 7.43%.
The projected annual non-GAAP EPS
is $2.21.
What are Large Shareholders Doing?
Newport Trust
holds 62,589K shares
representing 59.77% ownership of the company.
In it’s prior filing, the firm reported owning 64,182K shares, representing
a decrease
of 2.55%.
The firm
decreased
its portfolio allocation in PSN by 5.56% over the last quarter.
T. Rowe Price Investment Management
holds 4,086K shares
representing 3.90% ownership of the company.
In it’s prior filing, the firm reported owning 4,100K shares, representing
a decrease
of 0.36%.
The firm
increased
its portfolio allocation in PSN by 12.92% over the last quarter.
Earnest Partners
holds 3,208K shares
representing 3.06% ownership of the company.
In it’s prior filing, the firm reported owning 3,279K shares, representing
a decrease
of 2.22%.
The firm
increased
its portfolio allocation in PSN by 5.32% over the last quarter.
Mackenzie Financial
holds 2,818K shares
representing 2.69% ownership of the company.
In it’s prior filing, the firm reported owning 3,127K shares, representing
a decrease
of 10.97%.
The firm
increased
its portfolio allocation in PSN by 3.25% over the last quarter.
Bank Of America
holds 1,268K shares
representing 1.21% ownership of the company.
In it’s prior filing, the firm reported owning 1,236K shares, representing
an increase
of 2.57%.
The firm
decreased
its portfolio allocation in PSN by 99.88% over the last quarter.
What is the Fund Sentiment?
There are 480 funds or institutions reporting positions in Parsons.
This is an increase
of
57
owner(s) or 13.48% in the last quarter.
Average portfolio weight of all funds dedicated to PSN is 0.19%,
an increase
of 2.23%.
Total shares owned by institutions decreased
in the last three months by 0.60% to 109,697K shares.
The put/call ratio of PSN is 0.46, indicating a
bullish
outlook.
Parsons Background Information
(This description is provided by the company.)
Parsons is a leading disruptive technology provider in the global defense, intelligence, and critical infrastructure markets, with capabilities across cybersecurity, missile defense, space, connected infrastructure, and smart cities.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
