SG Americas Securities LLC Sells 7,463 Shares of Mercury Systems Inc $MRCY

SG Americas Securities LLC trimmed its position in Mercury Systems Inc (NASDAQ:MRCY) by 33.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,764 shares of the technology company’s stock after selling 7,463 shares during the quarter. SG Americas Securities LLC’s holdings in Mercury Systems were worth $1,076,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hsbc Holdings PLC acquired a new position in shares of Mercury Systems in the 4th quarter valued at $248,000. Rockefeller Capital Management L.P. increased its stake in Mercury Systems by 53.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 653 shares of the technology company’s stock valued at $48,000 after acquiring an additional 228 shares during the period. Corient Private Wealth LLC raised its position in Mercury Systems by 35.7% in the fourth quarter. Corient Private Wealth LLC now owns 7,811 shares of the technology company’s stock worth $573,000 after purchasing an additional 2,056 shares in the last quarter. Corecam Pte. Ltd. acquired a new position in Mercury Systems in the fourth quarter worth about $321,000. Finally, T. Rowe Price Investment Management Inc. lifted its stake in Mercury Systems by 1.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,542,851 shares of the technology company’s stock worth $112,644,000 after purchasing an additional 21,182 shares during the period. 95.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Truist Financial raised Mercury Systems to a “strong-buy” rating in a report on Friday, May 1st. Wall Street Zen raised Mercury Systems from a “hold” rating to a “buy” rating in a report on Saturday. Jefferies Financial Group reaffirmed a “hold” rating and issued a $105.00 target price on shares of Mercury Systems in a report on Monday, June 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Mercury Systems in a research report on Tuesday, April 21st. Finally, Canaccord Genuity Group raised their price objective on shares of Mercury Systems from $102.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mercury Systems currently has an average rating of “Moderate Buy” and a consensus target price of $91.00.

Mercury Systems Price Performance

Shares of MRCY stock opened at $126.21 on Friday. The stock’s fifty day moving average is $102.49 and its 200-day moving average is $90.42. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.15 and a current ratio of 3.19. The stock has a market capitalization of $7.58 billion, a PE ratio of -525.88 and a beta of 0.93. Mercury Systems Inc has a 52 week low of $49.86 and a 52 week high of $127.83.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. The business had revenue of $235.76 million during the quarter, compared to analysts’ expectations of $208.56 million. Mercury Systems had a positive return on equity of 2.22% and a negative net margin of 1.46%.The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 earnings per share. Equities research analysts expect that Mercury Systems Inc will post 0.31 EPS for the current fiscal year.

Insider Activity at Mercury Systems

In other news, Director Howard L. Lance sold 9,250 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $99.76, for a total transaction of $922,780.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Orlando D. Carvalho sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $89.36, for a total transaction of $625,520.00. Following the completion of the sale, the director directly owned 52,448 shares of the company’s stock, valued at approximately $4,686,753.28. This represents a 11.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 21,875 shares of company stock worth $2,040,874. 1.40% of the stock is owned by insiders.

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.