Mercury Systems Inc $MRCY Shares Acquired by Calamos Advisors LLC

Calamos Advisors LLC increased its stake in shares of Mercury Systems Inc (NASDAQ:MRCY) by 13.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,479 shares of the technology company’s stock after purchasing an additional 6,635 shares during the quarter. Calamos Advisors LLC owned approximately 0.09% of Mercury Systems worth $4,118,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Leonteq Securities AG acquired a new stake in shares of Mercury Systems during the 4th quarter worth about $35,000. Hollencrest Capital Management acquired a new position in shares of Mercury Systems in the fourth quarter valued at approximately $37,000. Osaic Holdings Inc. raised its position in shares of Mercury Systems by 53.2% in 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 last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Mercury Systems by 53.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 653 shares of the technology company’s stock valued at $48,000 after buying an additional 228 shares during the period. Finally, Federated Hermes Inc. purchased a new position in shares of Mercury Systems during the second quarter valued at approximately $43,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Price Performance

Mercury Systems stock opened at $102.97 on Thursday. Mercury Systems Inc has a 1 year low of $50.13 and a 1 year high of $128.45. 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 firm has a 50 day moving average price of $107.22 and a 200 day moving average price of $92.63. The company has a market cap of $6.18 billion, a price-to-earnings ratio of -429.04 and a beta of 0.93.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $208.56 million. During the same quarter last year, the business earned $0.06 EPS. Mercury Systems’s revenue for the quarter was up 11.5% on a year-over-year basis. Sell-side analysts predict that Mercury Systems Inc will post 0.3 earnings per share for the current year.

Insider Activity at Mercury Systems

In other Mercury Systems news, Director Orlando D. Carvalho sold 7,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was 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 in the company, valued at $4,686,753.28. This represents a 11.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Howard L. Lance sold 9,250 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $99.76, for a total value of $922,780.00. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 18,250 shares of company stock worth $1,733,220. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

MRCY has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Mercury Systems from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. The Goldman Sachs Group increased their price target on Mercury Systems from $60.00 to $68.00 and gave the stock a “sell” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. raised their price objective on Mercury Systems from $99.00 to $101.00 and gave the stock a “neutral” rating in a report on Monday. Jefferies Financial Group reaffirmed a “hold” rating and issued a $115.00 price objective on shares of Mercury Systems in a research report on Friday, July 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Mercury Systems in a research note on Tuesday, April 21st. Three investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.78.

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.