Bessemer Group Inc. Increases Stock Holdings in Mercury Systems Inc $MRCY

Bessemer Group Inc. increased its stake in shares of Mercury Systems Inc (NASDAQ:MRCY) by 12.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 449,689 shares of the technology company’s stock after acquiring an additional 50,193 shares during the period. Bessemer Group Inc. owned approximately 0.75% of Mercury Systems worth $32,787,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MRCY. Signaturefd LLC grew its position 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 acquiring an additional 107 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in shares of Mercury Systems by 1.8% during the fourth quarter. Maryland State Retirement & Pension System now owns 7,714 shares of the technology company’s stock worth $563,000 after purchasing an additional 134 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of 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 purchasing an additional 181 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of 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 purchasing an additional 187 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of Mercury Systems by 1.3% in the fourth quarter. Arizona State Retirement System now owns 15,211 shares of the technology company’s stock valued at $1,111,000 after purchasing an additional 195 shares during the period. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Insider Buying and Selling at Mercury Systems

In other Mercury Systems news, Director Howard L. Lance sold 9,250 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $99.76, for a total value of $922,780.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Orlando D. Carvalho sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $89.36, for a total transaction of $625,520.00. Following the sale, the director owned 52,448 shares of the company’s stock, valued at $4,686,753.28. The trade was a 11.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 18,250 shares of company stock valued at $1,733,220. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Truist Financial raised shares of Mercury Systems to a “strong-buy” rating in a research note on Friday, May 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Mercury Systems in a research report on Tuesday, April 21st. Jefferies Financial Group restated a “hold” rating and set a $115.00 target price on shares of Mercury Systems in a research note on Friday, July 10th. Zacks Research raised Mercury Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Finally, JPMorgan Chase & Co. lifted their target price on Mercury Systems from $99.00 to $101.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $95.78.

Mercury Systems Stock Performance

Shares of MRCY stock opened at $96.08 on Friday. The company has a market cap of $5.77 billion, a P/E ratio of -400.33 and a beta of 0.93. The business has a 50 day moving average of $107.49 and a two-hundred day moving average of $92.80. Mercury Systems Inc has a 52 week low of $50.13 and a 52 week high of $128.45. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.40.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. The business had revenue of $235.76 million for the quarter, compared to analysts’ expectations of $208.56 million. Mercury Systems had a negative net margin of 1.46% and a positive return on equity of 2.22%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS. As a group, analysts anticipate that Mercury Systems Inc will post 0.35 EPS for the current year.

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.