Hsbc Holdings PLC Sells 13,425 Shares of Parsons Corporation $PSN

Hsbc Holdings PLC reduced its position in Parsons Corporation (NYSE:PSN) by 45.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 16,422 shares of the company’s stock after selling 13,425 shares during the period. Hsbc Holdings PLC’s holdings in Parsons were worth $878,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PSN. Swedbank AB boosted its position in Parsons by 126.8% during the first quarter. Swedbank AB now owns 2,387,643 shares of the company’s stock worth $129,339,000 after purchasing an additional 1,335,102 shares during the period. AQR Capital Management LLC lifted its stake in shares of Parsons by 151.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,061,614 shares of the company’s stock valued at $75,173,000 after buying an additional 639,481 shares in the last quarter. Brown Advisory Inc. lifted its stake in shares of Parsons by 142.1% during the 4th quarter. Brown Advisory Inc. now owns 833,322 shares of the company’s stock valued at $51,499,000 after buying an additional 489,187 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in Parsons in the 3rd quarter worth approximately $38,880,000. Finally, Millennium Management LLC boosted its holdings in Parsons by 973.5% in the 4th quarter. Millennium Management LLC now owns 513,630 shares of the company’s stock worth $31,742,000 after buying an additional 465,785 shares during the period. 98.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PSN shares. BNP Paribas Exane set a $65.00 target price on shares of Parsons and gave the company an “outperform” rating in a report on Wednesday, May 27th. Jefferies Financial Group reiterated a “hold” rating on shares of Parsons in a research report on Wednesday, July 8th. Zacks Research raised Parsons from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. William Blair reaffirmed an “outperform” rating on shares of Parsons in a report on Wednesday. Finally, KeyCorp cut Parsons from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, April 14th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.82.

Parsons Trading Down 34.8%

Shares of PSN stock opened at $40.41 on Thursday. The company has a market capitalization of $4.32 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 1.96 and a beta of 0.66. Parsons Corporation has a 52-week low of $36.26 and a 52-week high of $89.50. The business’s fifty day moving average is $55.45 and its 200 day moving average is $58.38. 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 (NYSE:PSN) last announced its earnings results on Wednesday, July 29th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.82). Parsons had a return on equity of 11.52% and a net margin of 3.62%.The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the company earned $0.78 earnings per share. Parsons’s revenue was down .5% compared to the same quarter last year. On average, equities research analysts anticipate that Parsons Corporation will post 2.97 EPS for the current fiscal year.

Insider Transactions at Parsons

In related news, CEO Carey A. Smith acquired 12,500 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were bought at an average cost of $49.97 per share, for a total transaction of $624,625.00. Following the completion of the transaction, the chief executive officer owned 575,376 shares in the company, valued at approximately $28,751,538.72. This trade represents a 2.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George L. Ball bought 10,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average price of $50.00 per share, with a total value of $500,000.00. Following the completion of the transaction, the director owned 150,383 shares of the company’s stock, valued at $7,519,150. The trade was a 7.12% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 32,500 shares of company stock valued at $1,637,325. 1.31% of the stock is owned by corporate insiders.

Key Stories Impacting Parsons

Here are the key news stories impacting Parsons this week:

• Positive Sentiment: Demand indicators remained solid: contract awards increased 24% year over year, the quarterly book-to-bill ratio was 1.2x, and backlog reached approximately $9.3 billion, including $6.6 billion of funded backlog. Federal Solutions bookings rose 51%, while Critical Infrastructure revenue increased 5%. Parsons Reports Second Quarter 2026 Results
• Positive Sentiment: Management said portfolio-shaping actions are intended to prioritize more profitable, sustainable growth. The company also reported continued resilience in its Middle East business, with 10% organic revenue growth. Parsons Reports Second Quarter 2026 Results
• Neutral Sentiment: Some insiders have purchased shares in recent months, including directors Mark Holdsworth and George Ball. However, institutional positioning was mixed, with some major investors adding shares and others reducing their holdings. Parsons Q2 revenue falls to $1.6 billion as net loss hits $15 million
• Neutral Sentiment: Broader market weakness, including an oil-price surge and pressure on major equity indexes ahead of the Federal Reserve decision, added to the difficult trading environment. Trading in PSN was also briefly halted under a volatility-related LULD pause. Oil Spikes 7%, Nasdaq 100 Sinks Before Fed
• Negative Sentiment: Parsons reported a quarterly loss of $0.06 per share, far below the roughly $0.74–$0.76 analyst consensus and $0.78 earned a year earlier. Revenue of about $1.6 billion was down approximately 1% year over year and slightly below estimates. Results were pressured by portfolio-shaping actions and charges related to a joint-venture program. Parsons Reports Q2 Loss, Lags Revenue Estimates
• Negative Sentiment: Management lowered fiscal 2026 revenue guidance to $6.2 billion–$6.5 billion from the approximately $6.7 billion analyst expectation. The reduced outlook implies weaker near-term growth and raises concerns about earnings visibility, explaining the stock’s negative reaction. Parsons plunges after slashing full-year guidance

Parsons Profile

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.