<div id="readability-page-1"><p>Highlander Partners L.P. raised its holdings in  Parsons Corporation (NYSE:PSN - Free Report) by 68.3% during the fourth quarter, according to its most recent filing with the Securities &amp; Exchange Commission. The fund owned 277,300 shares of the company's stock after buying an additional 112,500 shares during the quarter. Parsons accounts for about  6.1% of Highlander Partners L.P.'s investment portfolio, making the stock its 4th largest position. Highlander Partners L.P. owned about 0.26% of Parsons worth $17,137,000 at the end of the most recent quarter.</p><p>A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Truist Financial Corp grew its holdings in  Parsons by 52.3% in the 4th quarter. Truist Financial Corp now owns 8,091 shares of the company's stock valued at $500,000 after buying an additional 2,778 shares during the last quarter.  LVZ Inc. lifted its position in shares of  Parsons by 10.5% in the 4th quarter. LVZ Inc. now owns 6,992 shares of the company's stock worth $432,000 after acquiring an additional 663 shares during the period.  Cornerstone Planning Group LLC lifted its position in shares of  Parsons by 4,620.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 7,788 shares of the company's stock worth $481,000 after acquiring an additional 7,623 shares during the period.  Fifth Third Bancorp lifted its position in shares of  Parsons by 17.6% in the 4th quarter. Fifth Third Bancorp now owns 5,330 shares of the company's stock worth $329,000 after acquiring an additional 796 shares during the period.  Finally, Danske Bank A S bought a new stake in shares of  Parsons in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own  98.02% of the company's stock. </p><h2>Wall Street Analyst Weigh In</h2><p>A number of analysts have commented on the company. Jefferies Financial Group  reiterated a &#34;hold&#34; rating on shares of Parsons in a research report on Sunday. UBS Group reduced their price objective on Parsons from $104.00 to $95.00 and set a &#34;buy&#34; rating for the company in a research report on Thursday, February 12th. Barclays reduced their price objective on Parsons from $78.00 to $70.00 and set an &#34;overweight&#34; rating for the company in a research report on Tuesday, March 31st. KeyCorp downgraded Parsons from an &#34;overweight&#34; rating to a &#34;sector weight&#34; rating in a research report on Tuesday, April 14th. Finally, Citigroup cut their target price on Parsons from $70.00 to $65.00 and set a &#34;buy&#34; rating for the company in a research report on Thursday, April 30th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned  a Hold rating to the company. Based on data from MarketBeat.com, Parsons  has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $78.17.</p><p><b>Check Out Our Latest Stock Report on Parsons</b></p><h2>Parsons Trading Down 0.5%</h2><p>Shares of PSN opened at $49.79 on Wednesday. The stock has a fifty day moving average price of $56.61 and a two-hundred day moving average price of $67.25. 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 $49.28 and a 52-week high of $89.50. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 1.56 and a beta of 0.60. </p><p>Parsons (NYSE:PSN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.09. Parsons had a return on equity of 11.52% and a net margin of 3.62%.The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $0.60 EPS. The business's revenue for the quarter was down 4.1% compared to the same quarter last year.  Analysts predict that  Parsons Corporation will post 2.99 EPS for the current fiscal year. </p><h2>Parsons Profile</h2> (Free Report)<p>Parsons Corporation <span>NYSE: PSN<span></span></span> 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.  </p><p>Core services include program and construction management for transportation systems, water and environmental infrastructure, cybersecurity and advanced systems integration.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Parsons</li></ul><p><strong>Want to see what other hedge funds are holding PSN?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Parsons Corporation (NYSE:PSN - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBTTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBTTg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Parsons Right Now?</h2><p>Before you consider Parsons, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Parsons wasn't on the list.</p><p>While Parsons currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Highlander Partners L.P. increased its stake in Parsons Corporation (NYSE: PSN) by 68.3% in Q4, acquiring an additional 112,500 shares, bringing its total to 277,300 shares. Parsons represents 6.1% of Highlander's portfolio, valued at $17.1 million. Other institutional investors also raised their stakes. Analysts have mixed ratings on Parsons, with a consensus rating of "Moderate Buy" and a price target of $78.17. Parsons reported Q1 earnings of $0.79 EPS, exceeding estimates, but revenue declined 4.1% year-over-year. The stock is currently trading at $49.79.</p>

Market Beat

Parsons

Truist Financial

Fifth Third Bancorp

Danske Bank

Jefferies Financial

UBS Group AG

Barclays

KeyCorp

Citigroup

Fifth Third Bancorp Pref Share FITBO 4.95 Perp 09/30/24 K

FIFTH THIRD BANK PREF SHARE FITB V6.625 P12/31/49 I

Fifth Third Bancorp Pref Shares FITBM 6.875 Perp 10/01/30

Fifth Third Bancorp Depositary Shs B Ser A Repr 1/40 6 % Perp Pfd Registered Shs B Ser A

KEYCORP DEP SHS REP 1/40TH NON CUM PER PFD SER G

KEYCORP DEP SHS REPSTG 1/40TH INT PERP NON CUM H

KEYCORP DEP SHS REP 1/40TH PERP PFD SER F USD25

KEYCORP DEP SHS REP 1/40TH NON CUM PFD SER E

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Highlander Partners L.P. Acquires 112,500 Shares of Parsons Corporation $PSN