Recent discussions on X about Parsons Corporation (PSN) have been notably active, spurred by the company's announcement of a $30 million radar development contract with the US Army. Many users have expressed optimism about the potential for this deal to drive future growth, especially in the defense sector, with some pointing to the stock's recent uptick as evidence of market confidence. The conversation reflects a broader interest in how Parsons is positioning itself amidst increasing government contracts.
Additionally, there has been chatter surrounding a recent upgrade by Baird, which raised its rating on PSN to Outperform and lifted its price target, citing a strong growth outlook. Posts on X highlight a mix of curiosity and enthusiasm about whether this momentum can sustain, with some speculating on further upside if the company continues to secure high-profile projects. This buzz keeps the stock in the spotlight for investors tracking infrastructure and defense plays.
Note: This discussion summary was generated from an AI condensation of post data.
Parsons Corporation Hedge Fund Activity
We have seen 197 institutional investors add shares of Parsons Corporation stock to their portfolio, and 278 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CITADEL ADVISORS LLC added 1,647,373 shares (+1941.9%) to their portfolio in Q1 2025, for an estimated $97,540,955
- MILLENNIUM MANAGEMENT LLC added 1,109,689 shares (+332.9%) to their portfolio in Q1 2025, for an estimated $65,704,685
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC added 793,807 shares (+72.5%) to their portfolio in Q2 2025, for an estimated $56,971,528
- WEDGE CAPITAL MANAGEMENT L L P/NC removed 680,311 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $40,281,214
- VAN ECK ASSOCIATES CORP added 570,446 shares (+113.6%) to their portfolio in Q1 2025, for an estimated $33,776,107
- LORD, ABBETT & CO. LLC removed 561,272 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $33,232,915
- QUBE RESEARCH & TECHNOLOGIES LTD removed 553,654 shares (-99.5%) from their portfolio in Q2 2025, for an estimated $39,735,747
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Parsons Corporation Government Contracts
We have seen $1,727,780,169 of award payments to $PSN over the last year.
Here are some of the awards which we have have seen pay out the most over the last year:
- CARE LOGISTICAL SUPPORT SERVICES - CLSS: $651,650,000
- BOLD VENTURE: $258,022,519
- THE PURPOSE OF THIS AWARD IS FOR THE C5ISR, EXERCISES, OPERATIONS, AND INFORMATION SERVICES (CEOIS) TASK OR...: $134,979,031
- OVERSEAS SECURITY INSTALLATION SERVICES: $99,929,935
- EO14042 TEAMS-NEXT MISSILE DEFENSE SYSTEMS ENGINEERING: $89,111,682
To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.
Parsons Corporation Analyst Ratings
Wall Street analysts have issued reports on $PSN in the last several months. We have seen 7 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Baird issued a "Outperform" rating on 08/07/2025
- Keybanc issued a "Overweight" rating on 08/07/2025
- Truist Securities issued a "Buy" rating on 07/24/2025
- Stifel issued a "Buy" rating on 06/24/2025
- Goldman Sachs issued a "Buy" rating on 06/04/2025
- B of A Securities issued a "Buy" rating on 06/03/2025
- Benchmark issued a "Buy" rating on 02/26/2025
To track analyst ratings and price targets for Parsons Corporation, check out Quiver Quantitative's $PSN forecast page.
Parsons Corporation Price Targets
Multiple analysts have issued price targets for $PSN recently. We have seen 10 analysts offer price targets for $PSN in the last 6 months, with a median target of $87.0.
Here are some recent targets:
- Noah Poponak from Goldman Sachs set a target price of $81.0 on 08/13/2025
- Sangita Jain from Keybanc set a target price of $84.0 on 08/07/2025
- Andrew Wittmann from Baird set a target price of $92.0 on 08/07/2025
- Tobey Sommer from Truist Securities set a target price of $90.0 on 07/24/2025
- Brian Gesuale from Raymond James set a target price of $90.0 on 07/08/2025
- Sheila Kahyaoglu from Jefferies set a target price of $80.0 on 07/02/2025
- Jonathan Siegmann from Stifel set a target price of $81.0 on 06/24/2025
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
