Future Fund LLC Boosts Stock Position in Mercury Systems Inc $MRCY

Future Fund LLC boosted its holdings in Mercury Systems Inc (NASDAQ:MRCY) by 43.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,280 shares of the technology company’s stock after buying an additional 8,893 shares during the quarter. Future Fund LLC’s holdings in Mercury Systems were worth $2,138,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Signaturefd LLC increased its holdings in Mercury Systems by 15.4% in the fourth quarter. Signaturefd LLC now owns 804 shares of the technology company’s stock valued at $59,000 after buying an additional 107 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Mercury Systems by 2.0% in the third quarter. PNC Financial Services Group Inc. now owns 7,175 shares of the technology company’s stock valued at $555,000 after buying an additional 142 shares during the last quarter. AlphaQuest LLC increased its holdings in Mercury Systems by 41.9% in the third quarter. AlphaQuest LLC now owns 569 shares of the technology company’s stock valued at $44,000 after buying an additional 168 shares during the last quarter. GAMMA Investing LLC increased its holdings in Mercury Systems by 11.3% in the fourth quarter. GAMMA Investing LLC now owns 1,781 shares of the technology company’s stock valued at $130,000 after buying an additional 181 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in Mercury Systems by 1.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,058 shares of the technology company’s stock valued at $880,000 after buying an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Mercury Systems Stock Performance

NASDAQ MRCY opened at $111.70 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.19 and a quick ratio of 2.15. Mercury Systems Inc has a 1 year low of $47.53 and a 1 year high of $113.47. The company has a market capitalization of $6.71 billion, a PE ratio of -465.42 and a beta of 0.83. The company has a fifty day moving average of $84.71 and a two-hundred day moving average of $82.78.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.21. Mercury Systems had a negative net margin of 1.46% and a positive return on equity of 2.22%. The company had revenue of $235.76 million during the quarter, compared to the consensus estimate of $208.56 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. Mercury Systems’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, analysts expect that Mercury Systems Inc will post 0.18 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on MRCY. Jefferies Financial Group reissued a “hold” rating and issued a $95.00 target price on shares of Mercury Systems in a report on Sunday, May 10th. Truist Financial raised Mercury Systems to a “strong-buy” rating in a report on Friday, May 1st. The Goldman Sachs Group increased their target price on Mercury Systems from $60.00 to $68.00 and gave the company a “sell” rating in a report on Monday, May 11th. Royal Bank Of Canada restated an “outperform” rating and issued a $105.00 price objective on shares of Mercury Systems in a research note on Wednesday, February 4th. Finally, Canaccord Genuity Group upped their price objective on shares of Mercury Systems from $102.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Mercury Systems has a consensus rating of “Moderate Buy” and a consensus price target of $89.89.

Insider Buying and Selling

In related news, Director Howard L. Lance sold 9,250 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $99.76, for a total transaction of $922,780.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Steven Ratner sold 2,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $92.46, for a total value of $184,920.00. Following the completion of the transaction, the executive vice president owned 32,238 shares in the company, valued at $2,980,725.48. This trade represents a 5.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 473,932 shares of company stock valued at $43,453,119 over the last ninety days. Company 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.