Parsons Corporation
In the published model solve dated 2026-Q2, anchored at $47.77, Parsons Corporation (PSN) is priced for -2.4% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
- At about $52 the price implies essentially flat operating income, roughly minus half a percent a year. That is a low bar for a defense and infrastructure firm posting record backlog and record margins, and the reverse-DCF fair band centers well above the current price. - The first quarter of 2026 was strong beneath a noisy headline: EPS of $0.79 beat estimates, total backlog hit a record $9.3 billion, and the book-to-bill ratio was 1.4 times. Reported revenue fell only because a large confiden
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328 institutional managers reported holding PSN in 13F filings for the quarter ended 2026-03-31. 46 opened new positions that quarter. Held by BlackRock, Vanguard Group, Wellington Management, among others. On the short side, 6.2M shares were sold short as of the 2026-06-15 count, about 6% of shares outstanding (6.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
PSN's share count grew 5.5% over the past five years even with $239.68M spent on repurchases. It pays no dividend. Cash returned over the past three years: $187.98M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at PSN over the trailing three years: 2025: 1 buy totaling $470k. 16 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
PSN's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-03 | +9.1% | +1.3% |
| 2023-11-02 | +7.8% | +1.0% |
| 2024-02-15 | +10.3% | +4.6% |
| 2024-05-02 | -1.5% | +4.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
PSN's latest 8-K filings: 2026-07-29 (items 2.02, 9.01); 2026-04-29 (items 2.02, 9.01); 2026-04-15 (items 5.07); 2026-03-17 (items 5.02, 7.01, 9.01); 2026-02-26 (items 5.02).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.