Parsons (NYSE: PSN) reported third-quarter 2026 revenue of $1.7 billion, up 2% from a year earlier. GAAP net income attributable to Parsons Corporation was $54.2 million, down 16%, while diluted GAAP EPS was $0.51.
The company reported record total backlog of $9.4 billion and funded backlog of $6.8 billion. Parsons narrowed its 2026 revenue guidance range to $6.25 billion to $6.45 billion.
- Q3 GAAP revenue was $1.651 billion, compared with $1.622 billion a year earlier.
- Adjusted EBITDA increased 6% to $168 million, with a 10.2% adjusted EBITDA margin.
- Net bookings were $1.8 billion, producing a 1.1x book-to-bill ratio.
- Operating cash flow was $269 million in the quarter, compared with $163 million in the prior-year quarter.
- Chief Financial Officer Matt Ofilos will resign effective November 6, 2026; former CFO George Ball was appointed interim CFO.
$PSN Insider Trading Activity
$PSN insiders have traded $PSN stock on the open market 4 times in the past 6 months. Of those trades, 4 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $PSN stock by insiders over the last 6 months:
- GEORGE L. BALL has made 2 purchases buying 30,000 shares for an estimated $1,459,400 and 0 sales.
- MARK KEITH HOLDSWORTH has made 2 purchases buying 10,000 shares for an estimated $512,673 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$PSN Hedge Fund Activity
We have seen 176 institutional investors add shares of $PSN stock to their portfolio, and 170 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC removed 1,557,531 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $81,599,049
- WELLINGTON MANAGEMENT GROUP LLP added 1,407,321 shares (+44.1%) to their portfolio in Q2 2026, for an estimated $73,729,547
- MACKENZIE FINANCIAL CORP removed 1,196,586 shares (-99.3%) from their portfolio in Q2 2026, for an estimated $62,689,140
- AQR CAPITAL MANAGEMENT LLC added 1,029,924 shares (+1721.2%) to their portfolio in Q2 2026, for an estimated $53,957,718
- VAN ECK ASSOCIATES CORP added 895,690 shares (+389.3%) to their portfolio in Q2 2026, for an estimated $46,925,199
- NEWPORT TRUST COMPANY, LLC removed 768,071 shares (-1.5%) from their portfolio in Q2 2026, for an estimated $40,239,239
- PRIMECAP MANAGEMENT CO/CA/ added 691,700 shares (+67.8%) to their portfolio in Q2 2026, for an estimated $36,238,163
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
