Brown Advisory, an investment management company, released its “Brown Advisory Mid-Cap Growth Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Strategy lagged the Russell Midcap® Growth Index in the fourth quarter due to stock selection. The performance was in line with expectations for the full year. The firm believes that the Strategy underperformed in 2025 because it did not own Palantir Technologies Inc (PLTR). The Strategy focuses on achieving solid risk-a ...

CHANTILLY, Va., March 23, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced continued momentum for its Intelligent Network (iNET®) Smart Mobility Platform as transportation agencies across North America modernize operations to improve safety, reliability, and system performance. As agencies face increasing congestion, climate‑driven disruptions, and the need for real‑time coordination across districts, iNET® is enabling a shift from reactive traffic management to proactive, integrated ...

Core Thesis - Parsons Corporation (PSN) is viewed positively as a resilient investment opportunity despite recent setbacks, with a focus on its strategic shift towards technology-driven solutions in defense and intelligence sectors [1][3][6] Company Overview - Parsons Corporation operates as a technology-driven engineering and solutions provider, focusing on defense, intelligence, and critical infrastructure markets [2] - The company has established a strong position in cybersecurity, geospatial intelligence, and digital infrastructure protection, supporting key government initiatives [2] Recent Developments - The stock faced pressure due to the loss of an air traffic control contract, but this is seen as a temporary setback rather than a fundamental issue [3] - Parsons has successfully replaced lost revenue with new billion-dollar contracts in strategic defense programs, showcasing strong government relationships and competitive capabilities [5] Strategic Focus - The company is increasingly integrating engineering expertise with advanced digital capabilities, enhancing its ability to deliver complex solutions for defense and intelligence agencies [4] - Parsons is well-positioned to benefit from rising demand in missile defense, space infrastructure, and cybersecurity due to geopolitical tensions and modernization needs [4][6] Long-term Growth Potential - The shift towards high-margin technology solutions and national security programs supports durable long-term growth for Parsons [6] - Continued government investment in defense modernization and cyber capabilities positions Parsons to capture sustained demand in these areas [6]

CHANTILLY, Va., March 19, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today a single award classified contract for continued work in support of the U.S. Government, valued at over $47 million. This award represents a critical task that the corporation has been performing for more than six years, with an extension of two additional one-year option periods. About Parsons: Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure m ...

Core Insights - Parsons Corporation has successfully integrated and operationally accepted the first Raven Defense S-Band Phased Array Receive and Transmit Antenna Node (SPARTAN) into its OrbitXchange™ global antenna network [1] Group 1: SPARTAN System Overview - The SPARTAN system is the first phased-array-fed parabolic antenna deployed in an operational environment for satellite commanding, telemetry, and mission data collection [2] - The 6-meter full-motion parabolic dish features a phased-array feed that allows for eight electronically steerable downlink beams and a dedicated uplink beam, enabling simultaneous support for multiple spacecraft [2] Group 2: Operational Capabilities - The SPARTAN system represents a significant capability enhancement for OrbitXchange, providing greater operational capabilities with a single, cost-effective antenna [3] - It offers the performance of traditional parabolic antennas while allowing for the commanding and controlling of multiple satellites simultaneously, a feature not available on standard ground antennas [3] - The design is flexible, allowing for retrofitting of legacy antennas, scaling to larger apertures for cislunar missions, or chaining multiple units for continuous coverage across the geosynchronous belt [3] Group 3: National Security and Customization - The initial SPARTAN installation enhances Parsons' OrbitXchange, providing the largest Unified S-Band and Space Ground Link System (SGLS) commercial capability for U.S. government customers [3] - The system can be tailored to additional frequency bands to meet emerging mission needs and is equipped with the Parsons Mission Link Modem (MLM) for flexible signal processing [3] Group 4: Future Partnerships and Expansion - Parsons aims to expand its partnership with Raven Defense to deploy additional SPARTAN systems to meet the growing needs of government and commercial customers [4] Group 5: Company Expertise - Parsons leverages decades of expertise in national security and space engineering to deliver integrated, mission-ready technologies that enhance satellite operations and support evolving mission requirements [5]

CHANTILLY, Va., March 18, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation announced today that it has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2026 World’s Most Ethical Companies. This marks the seventeenth consecutive year that the company has been honored with this recognition. In 2026, 138 honorees were recognized spanning 17 countries and 40 industries. Parsons is one of only four honorees in the Engineering Services ...

CHANTILLY, Va., March 17, 2026 (GLOBE NEWSWIRE) -- Today, Parsons Corporation (NYSE: PSN) announced a planned transition in its human resources function leadership, promoting Soo Lagasse to chief human resources officer (CHRO), effective April 1, 2026. Lagasse, who currently serves as senior vice president of global talent acquisition and mobility at Parsons, succeeds Susan Balaguer, who notified Parsons’ CEO and board of directors of her intent to retire this spring. Balaguer will remain with Parsons throu ...

Core Insights - Artisan Small Cap Fund aims to invest in companies with franchise characteristics, strong earnings trajectories, and trading at a discount to estimated private market value [1] - The Fund experienced strong absolute returns in Q4 2025, outperforming both the Russell 2000® Growth Index and the Russell 2000® Index, despite elevated volatility and shifting market sentiment [1] - For the full year 2025, the Fund generated strong results but underperformed relative to both indexes [1] Company Focus: Parsons Corporation - Parsons Corporation (NYSE:PSN) is highlighted as a technology-driven engineering company focusing on defense, intelligence, and infrastructure markets [2][3] - As of March 16, 2026, Parsons Corporation's stock closed at $52.60 per share, with a one-month return of -14.35% and a 52-week loss of 12.45% [2] - The company has a market capitalization of $5.629 billion [2] - In Q4 2025, Parsons Corporation was among the detractors for the Fund, primarily due to losing a $12.5 billion FAA air traffic control modernization contract, which interrupted its recovery from previous cost-cutting pressures [3] - Despite this setback, the Fund remains invested in Parsons, citing its long-standing relationship with the FAA and potential for capturing significant portions of future programs [3]

Core Insights - Zephyr has released the PSN Top Guns Managers of the Decade List for 2025, recognizing exceptional performance in separate accounts, managed accounts, and managed ETF strategies over a ten-year period [1] - The list is based on rigorous quantitative analysis, requiring managers to meet stringent criteria including a 10-year R-Squared value of 0.8 or greater, standard deviation equal to or less than their style benchmark, and outperformance against their style benchmark over the last decade [1] Performance Highlights - The past decade has seen strong U.S. equity returns, with the Russell 3000 index at +14.29% and the S&P 500 index at +14.82% [1] - U.S. high yield bonds and international equities also posted solid returns, with the ICE BofA US High Yield index at +6.45% and the MSCI World Ex. US index at +9.11% [1] - The PSN Top Guns Managers of the Decade represent the pinnacle of investment management success, showcasing resilience and expertise in navigating economic and market challenges [1] Notable Managers and Strategies - U.S. Large Growth Universe includes: - Zacks Investment Management, Inc.: Zacks Focus Growth Strategy (+18.5% for the decade) - Smith Asset Management Group: Cantor Fitzgerald Large Cap Diversif (+18.5% for the decade) - Jacobs Levy Equity Management: Large Growth (R1000 Growth)-Sep. Acct (+19.4% for the decade) [1] - Emerging Markets Universe includes: - PGIM LLC: PGIM Emerging Markets Quant Equity (+10.2% for the decade) - Driehaus Capital Management LLC: Driehaus Emerging Markets Growth (+10.5% for the decade) - Segall Bryant & Hamill: Emerging Markets (+11.7% for the decade) [1] - High Yield Universe includes: - T.Rowe Price: Credit Opportunities Strategy (+7.5% for the quarter) - Shenkman Capital Management, Inc.: Shenkman Capital Multi-Strategy (+7.5% for the decade) - Brandywine Global Investment Management: High Yield (+8.5% for the decade) [1] Zephyr's Offerings - Zephyr's PSN database includes over 2,800 firms, 285 universes, and more than 21,000 products, providing detailed asset breakdowns and compliance information [1] - The PSN Manager Advantage program enhances contributors' reach through promotional and market intelligence packages [1] - Zephyr has launched the "Inside SMAs" podcast to explore SMA strategies, market trends, and industry insights [1]

Company Overview - Parsons is a leading provider of advanced technology solutions for defense, intelligence, and critical infrastructure sectors, leveraging deep domain expertise and a diversified service offering to address complex challenges in national security, cyber operations, and infrastructure modernization [6] - The company operates a dual-segment model—Federal Solutions and Critical Infrastructure—generating revenue through government contracts, program management, and technology-driven services for mission-critical applications [8] - Primary customers include the U.S. Department of Defense, intelligence agencies, transportation authorities, and public and private sector infrastructure clients in North America and select international markets [8] Financial Metrics - As of February 5, 2026, Parsons shares were priced at $67.52, down 13.0% over the prior year, underperforming the S&P 500 by 25.12 percentage points [7] - The company's market capitalization is $7.40 billion, with a revenue of $6.49 billion and a net income of $241.1 million for the trailing twelve months (TTM) [4] Investment Insights - Bastion Asset Management established a new position in Parsons, acquiring 128,186 shares valued at an estimated $8.04 million, representing 4.44% of Bastion's $181.13 million reportable U.S. equity assets as of December 31, 2025 [2][7] - The investment philosophy of Bastion Asset Management indicates a preference for companies that provide essential services, as evidenced by their other holdings in sectors like pharmaceuticals and construction, suggesting that Parsons fits this strategy well [9]