Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Boosts Stake in Parsons Corporation

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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. recently announced that it has increased its stake in Parsons Corporation ($NYSE:PSN) (NYSE:PSN). Parsons Corporation is a leading provider of technology-driven solutions to the global defense, intelligence, and critical infrastructure markets. Parsons’ solutions span a wide range of services, including engineering, construction, operations, and maintenance; intelligence, surveillance, and reconnaissance; cybersecurity; information technology; and mission-support services. The company’s portfolio of services and capabilities are designed to help customers achieve operational excellence and cost savings.

Parsons’ strategy is to focus on the development of innovative solutions that meet customer needs, capitalize on opportunities in new markets, and leverage its extensive portfolio of capabilities and services. The company also seeks to leverage its strong relationships with government agencies and commercial customers to drive organic growth and long-term success. This move by Mitsubishi UFJ Kokusai Asset Management Co. Ltd. is expected to provide additional capital for the company to continue to invest in innovative solutions, expand its customer base, and drive long-term growth.

Market Price

Media exposure of this news has been mostly positive, with stock prices reflecting the same sentiment. On Monday, the stock opened at $42.0 and closed at $42.8, a 2.2% increase from its prior closing price of $41.9. It has a strong reputation for delivering quality and value to its customers and is expanding its operations worldwide. Parsons Corporation is an industry leader in providing services that meet the needs of its customers. Its portfolio includes projects in transportation and infrastructure, energy, defense, and security sectors. The company has successfully completed numerous projects in these sectors and continues to expand its operations globally.

Parsons Corporation is committed to delivering the highest quality services to its customers while maintaining a strong focus on safety and environmental stewardship. Its commitment to safety and environmental sustainability is evident in its successful track record of completing projects on time and within budget. With its commitment to quality, safety, and sustainability, the company is well-positioned to continue delivering value to its customers and expanding its operations around the globe. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Parsons Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Parsons Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Parsons Corporation are shown below. More…

VI Analysis

PARSONS CORPORATION is a strong company, with a high health score of 8/10 on the VI Star Chart. This score reflects the safety of the company’s cashflows and debt, meaning it is capable to safely ride out any crisis without the risk of bankruptcy. It is classified as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Investors interested in PARSONS CORPORATION are likely to be attracted by its strong fundamentals and moderate growth potential. It is strong in liquidity, medium in asset, growth, profitability and weak in dividend. It provides a good balance between risk and reward for investors looking for stability and moderate returns. While PARSONS CORPORATION may not be the most exciting company for investors, it does provide good fundamentals and stability. Its financials are solid and it has the potential for moderate growth. For investors looking for long-term stability and moderate returns, PARSONS CORPORATION may be a good option. More…

VI Peers

The company is a provider of engineering, construction, and technical services for public and private sector clients. Parsons delivers innovative solutions to complex infrastructure and programmatic challenges, and is a recognized leader in the planning, design, and construction of a wide range of facilities and infrastructure. The company’s competitors include Airtificial Intelligence Structures SA, Modern Engineering & Projects Ltd, GMR Power and Urban Infra Ltd.

– Airtificial Intelligence Structures SA ($OTCPK:AITLF)

Artificial Intelligence Structures SA, or AI Structures, is a publicly traded company on the Madrid Stock Exchange. As of 2022, AI Structures has a market capitalization of €69.19 million and a return on equity of -7.34%. The company focuses on the development and commercialization of artificial intelligence technology.

– Modern Engineering & Projects Ltd ($BSE:539762)

Modern Engineering & Projects Ltd is a company that specializes in engineering and construction projects. The company has a market cap of 73.54M as of 2022 and a Return on Equity of -2211.89%. Modern Engineering & Projects Ltd has a strong focus on quality and safety, and has a good reputation in the industry. The company has a wide range of experience in both small and large projects, and has a proven track record of successful completion.

– GMR Power and Urban Infra Ltd ($BSE:543490)

GMR Power and Urban Infra Ltd has a market cap of 15.21B as of 2022, a Return on Equity of -54.42%. The company is engaged in the business of power generation and transmission, and urban infrastructure development.

Summary

Parsons Corporation has recently seen an increase in investor confidence, as Mitsubishi UFJ Kokusai Asset Management Co. Ltd. has boosted its stake in the company. Analysts have generally had a positive outlook on the company, citing its well-established business in engineering, construction, technical and professional services, as well as its long-term government contracts. With its excellent fundamentals, Parsons Corporation looks to be an attractive investment opportunity for those looking for long-term growth.