Strs Ohio Has $401,000 Stake in Mercury Systems Inc $MRCY

Strs Ohio trimmed its position in shares of Mercury Systems Inc (NASDAQ:MRCY) by 57.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,500 shares of the technology company’s stock after selling 7,500 shares during the period. Strs Ohio’s holdings in Mercury Systems were worth $401,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Keybank National Association OH lifted its stake in Mercury Systems by 20.0% in the 1st quarter. Keybank National Association OH now owns 5,216 shares of the technology company’s stock worth $380,000 after acquiring an additional 869 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in Mercury Systems by 8.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 8,899 shares of the technology company’s stock valued at $649,000 after acquiring an additional 658 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in Mercury Systems during the 1st quarter valued at about $1,706,000. Hsbc Holdings PLC acquired a new position in shares of Mercury Systems in the 4th quarter valued at about $248,000. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Mercury Systems by 53.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 653 shares of the technology company’s stock valued at $48,000 after purchasing an additional 228 shares during the period. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Mercury Systems News Roundup

Here are the key news stories impacting Mercury Systems this week:

• Positive Sentiment: Zacks Research raised multiple forward EPS estimates for Mercury Systems, including FY2027 to $0.67 and FY2028 to $1.25, while keeping a Strong-Buy rating.
• Positive Sentiment: Mercury Systems’ latest quarterly results beat expectations, with revenue and EPS topping consensus and revenue rising year over year, reinforcing the case for a recovery. Mercury Systems earnings report context
• Positive Sentiment: A defense-sector earnings roundup described Mercury Systems as having “impressed,” which may be contributing to positive sentiment around its Q1 defense-contracting performance. Defense contractors earnings article
• Neutral Sentiment: One Zacks article compared Mercury Systems with other aerospace names this year; this is more of a relative-performance update than a direct company-specific catalyst. Relative performance article
• Negative Sentiment: Seeking Alpha published a bearish view arguing the investment case has largely played out and that Mercury Systems is now a sell, which could weigh on sentiment. Bearish Seeking Alpha article

Insider Buying and Selling at Mercury Systems

In other news, Director Orlando D. Carvalho sold 7,000 shares of the stock in a transaction 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 transaction, the director owned 52,448 shares in the company, valued at $4,686,753.28. This represents a 11.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Howard L. Lance sold 9,250 shares of Mercury Systems stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $99.76, for a total transaction of $922,780.00. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 21,875 shares of company stock valued at $2,040,874. 1.40% of the stock is currently owned by insiders.

Mercury Systems Stock Down 5.5%

Shares of Mercury Systems stock opened at $107.98 on Friday. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of -449.92 and a beta of 0.93. 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 52-week low of $49.86 and a 52-week high of $128.45. The stock has a 50-day simple moving average of $106.26 and a 200-day simple moving average of $91.96.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. The firm had revenue of $235.76 million for the quarter, compared to the consensus estimate 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 was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.06 earnings per share. On average, equities research analysts expect that Mercury Systems Inc will post 0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. The Goldman Sachs Group raised their price target on shares of Mercury Systems from $60.00 to $68.00 and gave the stock a “sell” rating in a report on Monday, May 11th. Truist Financial upgraded shares of Mercury Systems to a “strong-buy” rating in a research note on Friday, May 1st. Zacks Research upgraded shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Jefferies Financial Group reissued a “hold” rating and set a $115.00 target price on shares of Mercury Systems in a research note on Friday. Finally, Canaccord Genuity Group lifted their target price 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. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $92.11.

About Mercury Systems

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.