Mercury Systems Inc $MRCY Shares Acquired by Emerald Advisers LLC

Emerald Advisers LLC increased its stake in shares of Mercury Systems Inc (NASDAQ:MRCY) by 16.7% in the third quarter, HoldingsChannel reports. The firm owned 533,092 shares of the technology company’s stock after buying an additional 76,379 shares during the quarter. Mercury Systems makes up approximately 1.3% of Emerald Advisers LLC’s holdings, making the stock its 19th biggest holding. Emerald Advisers LLC’s holdings in Mercury Systems were worth $41,261,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MRCY. Salomon & Ludwin LLC acquired a new stake in shares of Mercury Systems during the 3rd quarter worth about $32,000. Osaic Holdings Inc. lifted its stake in shares of Mercury Systems by 53.2% during the second quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock valued at $32,000 after buying an additional 208 shares during the period. Quaker Wealth Management LLC boosted its position in Mercury Systems by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 644 shares of the technology company’s stock worth $35,000 after acquiring an additional 1,288 shares during the last quarter. Federated Hermes Inc. purchased a new stake in Mercury Systems in the 2nd quarter worth approximately $43,000. Finally, EverSource Wealth Advisors LLC grew its stake in Mercury Systems by 33.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 929 shares of the technology company’s stock worth $50,000 after acquiring an additional 234 shares during the period. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Mercury Systems in a report on Wednesday, October 8th. Canaccord Genuity Group started coverage on Mercury Systems in a research note on Thursday, October 2nd. They issued a “buy” rating and a $88.00 price target on the stock. Truist Financial set a $102.00 price target on Mercury Systems in a report on Friday, January 9th. Raymond James Financial reiterated a “strong-buy” rating and set a $100.00 price objective on shares of Mercury Systems in a report on Wednesday, November 5th. Finally, UBS Group set a $88.00 target price on shares of Mercury Systems in a report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $83.25.

Mercury Systems Stock Performance

Mercury Systems stock opened at $99.57 on Thursday. The company has a market cap of $5.98 billion, a price-to-earnings ratio of -174.68, a price-to-earnings-growth ratio of 4.30 and a beta of 0.78. Mercury Systems Inc has a 12 month low of $39.42 and a 12 month high of $103.84. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.37 and a quick ratio of 2.31. The stock’s 50-day moving average is $77.41 and its 200-day moving average is $71.20.

Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, November 4th. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.18. Mercury Systems had a negative net margin of 3.53% and a positive return on equity of 1.14%. The firm had revenue of $225.21 million during the quarter, compared to the consensus estimate of $207.28 million. During the same quarter in the prior year, the company earned $0.04 EPS. The company’s revenue was up 10.2% on a year-over-year basis. Equities analysts anticipate that Mercury Systems Inc will post -0.08 earnings per share for the current year.

Insider Transactions at Mercury Systems

In related news, Director Jana Partners Management, Lp sold 1,000,000 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $75.45, for a total transaction of $75,450,000.00. Following the completion of the sale, the director directly owned 4,966,675 shares of the company’s stock, valued at approximately $374,735,628.75. This represents a 16.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Douglas Munro sold 1,329 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $73.42, for a total value of $97,575.18. Following the completion of the transaction, the chief accounting officer directly owned 14,678 shares in the company, valued at $1,077,658.76. This trade represents a 8.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,003,029 shares of company stock valued at $75,673,358 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Mercury Systems Profile

Mercury Systems, Inc (NASDAQ: MRCY) is a technology company that designs, manufactures and markets secure processing subsystems for aerospace and defense applications. The company’s products are built to address the stringent security, safety and reliability requirements of mission-critical programs, with a focus on radar, electronic warfare, intelligence and other sensor and processing functions. Mercury’s offerings encompass rugged embedded computing modules, high-performance radio frequency (RF) and microwave components, digital signal processing subsystems and secure networking solutions.

Since its origins in advanced signal processing, Mercury Systems has expanded its capabilities through a combination of internal development and targeted acquisitions.