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PSN - Parsons Prepares For Growth Despite Economic Headwinds
Parsons Corporation
Quick Take
Parsons Corporation (PSN) went public in May 2019, raising $500 million in gross proceeds in its IPO.
The firm provides a range of information technology services to U.S. Federal agencies and other public entities.
PSN has room to grow as its Federal Solutions segment leads organic growth.
I’m bullish on the stock from its present level over the next 12 - 18 months as many of its service segments are mission-critical applications likely less affected by the economic downturn.
Company
Centreville, Virginia-based Parsons was founded in 1944 to provide systems integration,