Nordea Investment Management AB Makes New $4.95 Million Investment in Mercury Systems Inc $MRCY

Nordea Investment Management AB acquired a new stake in shares of Mercury Systems Inc (NASDAQ:MRCY) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 67,386 shares of the technology company’s stock, valued at approximately $4,954,000. Nordea Investment Management AB owned about 0.11% of Mercury Systems as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Mercury Systems by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 5,731,033 shares of the technology company’s stock worth $443,582,000 after acquiring an additional 221,093 shares during the last quarter. State Street Corp grew its holdings in Mercury Systems by 8.7% during the 2nd quarter. State Street Corp now owns 3,246,573 shares of the technology company’s stock valued at $174,860,000 after purchasing an additional 259,388 shares during the last quarter. First Trust Advisors LP grew its holdings in Mercury Systems by 96.3% during the 3rd quarter. First Trust Advisors LP now owns 1,532,822 shares of the technology company’s stock valued at $118,640,000 after purchasing an additional 751,813 shares during the last quarter. Invesco Ltd. raised its position in Mercury Systems by 161.7% in the 3rd quarter. Invesco Ltd. now owns 1,527,443 shares of the technology company’s stock worth $118,224,000 after purchasing an additional 943,736 shares during the period. Finally, Bamco Inc. NY raised its position in Mercury Systems by 4.9% in the 3rd quarter. Bamco Inc. NY now owns 1,295,284 shares of the technology company’s stock worth $100,255,000 after purchasing an additional 60,483 shares during the period. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Mercury Systems Stock Performance

Shares of NASDAQ:MRCY opened at $76.16 on Friday. The firm’s 50 day simple moving average is $87.53 and its 200-day simple moving average is $79.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.04 and a current ratio of 2.96. Mercury Systems Inc has a one year low of $39.89 and a one year high of $103.84. The firm has a market cap of $4.57 billion, a PE ratio of -143.70, a price-to-earnings-growth ratio of 7.62 and a beta of 0.77.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. Mercury Systems had a positive return on equity of 1.28% and a negative net margin of 3.23%.The firm had revenue of $232.87 million during the quarter, compared to analyst estimates of $209.96 million. During the same quarter in the previous year, the business earned $0.07 earnings per share. Mercury Systems’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities analysts predict that Mercury Systems Inc will post -0.08 EPS for the current year.

Analyst Upgrades and Downgrades

MRCY has been the subject of several analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $105.00 price objective on shares of Mercury Systems in a research note on Wednesday, February 4th. Canaccord Genuity Group set a $102.00 price target on Mercury Systems in a report on Wednesday, February 4th. Jefferies Financial Group restated a “hold” rating and set a $85.00 price objective on shares of Mercury Systems in a report on Sunday, February 8th. Truist Financial increased their target price on Mercury Systems from $102.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Mercury Systems in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $86.89.

Insider Transactions at Mercury Systems

In other Mercury Systems news, Director Howard L. Lance sold 4,832 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $88.98, for a total value of $429,951.36. Following the completion of the sale, the director directly owned 27,272 shares in the company, valued at approximately $2,426,662.56. This represents a 15.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Douglas Munro sold 582 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $83.56, for a total value of $48,631.92. Following the transaction, the chief accounting officer directly owned 14,328 shares in the company, valued at $1,197,247.68. The trade was a 3.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 859,758 shares of company stock valued at $74,481,931. Company insiders own 1.40% of the company’s stock.

Mercury Systems Company 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.