Billionaire Ken Fisher Bought These 5 Stocks for the Rest of 2022

4. Parsons Corp. (NYSE:PSN)

Fisher Investments’ Stake Value: $723,000

Number of Hedge Fund Holdings: 12

Based in Centreville, Virginia, Parsons Corp. (NYSE:PSN) is an American technology-focused defense, intelligence, security, and infrastructure engineering firm. On August 3, the company reported its Q2 2022 results. It posted a total revenue of $1.01 billion in Q2, beating analyst consensus of $929.03 million. Furthermore, Parsons Corp. (NYSE:PSN) met estimates in Q2 2022, posting an EPS of $0.12.

Overall, Q2 returns for Parsons Corp. (NYSE:PSN) were strong, as the company built on the momentum established over the last year. The company achieved year-over-year organic revenue growth of 9% and generated EBITIDA and cash flow results in-line with analyst expectations. According to CEO Carey Smith, Parsons Corp. (NYSE:PSN) is well-positioned to take advantage of the growing budgets and opportunities that exist in the company’s critical infrastructure and national security markets.