Parsons Corporation Buyback
OLI recorded this information on 8/11/2021
Company:
Parsons Corporation
Buyback:
PSN buyback
$Amount Authorized:
$100,000,000
Buyback Details:
Parsons Corporation (NYSE: PSN) announced today that its Board of Directors has authorized the repurchase of up to $100 million of the company's common stock. The repurchase program permits the company to acquire shares, in the open market, in privately negotiated transactions or otherwise.
Parsons provides the integrated solutions and services required in security environment and digital transformation. Co. has developed various capabilities in areas of cybersecurity, intelligence, missile defense, Command, Control, Computers, Communications, Cyber, Intelligence, Surveillance, and Reconnaissance, space, transportation, water/wastewater, and environmental remediation. Co. delivers technology-driven solutions to customers worldwide. Co.'s segments are: Federal Solutions, which provides engineering services, software and hardware products and integrated solutions; and Critical Infrastructure, which provides planning, engineering, program management, and digital solutions.
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Strong Buy (3.55 out of 4) 61st percentile
(ranked higher than approx. 61% of all stocks covered)
Analysts' Target Price: PSN Stock Forecast Based on Zacks ABR data; powered by Xignite |