Axiom Investors LLC DE Has $13.37 Million Stock Holdings in Mercury Systems Inc $MRCY

Axiom Investors LLC DE lessened its holdings in shares of Mercury Systems Inc (NASDAQ:MRCY) by 26.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 183,144 shares of the technology company’s stock after selling 64,684 shares during the period. Axiom Investors LLC DE’s holdings in Mercury Systems were worth $13,371,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. AQR Capital Management LLC acquired a new position in Mercury Systems in the 1st quarter valued at approximately $755,000. Goldman Sachs Group Inc. raised its holdings in Mercury Systems by 51.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 855,441 shares of the technology company’s stock valued at $36,861,000 after acquiring an additional 290,989 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Mercury Systems by 13.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,617 shares of the technology company’s stock valued at $6,878,000 after acquiring an additional 18,916 shares in the last quarter. Jane Street Group LLC raised its holdings in Mercury Systems by 161.3% in the 1st quarter. Jane Street Group LLC now owns 50,769 shares of the technology company’s stock valued at $2,188,000 after acquiring an additional 31,337 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Mercury Systems by 30.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 124,973 shares of the technology company’s stock valued at $6,731,000 after acquiring an additional 29,057 shares in the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MRCY shares. Canaccord Genuity Group increased their target price on Mercury Systems from $102.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. The Goldman Sachs Group increased their target price on Mercury Systems from $60.00 to $68.00 and gave the stock a “sell” rating in a report on Monday, May 11th. Truist Financial raised Mercury Systems to a “strong-buy” rating in a report on Friday, May 1st. Jefferies Financial Group reissued a “hold” rating and issued a $105.00 target price on shares of Mercury Systems in a report on Monday, June 1st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Mercury Systems in a report on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $91.00.

Mercury Systems Stock Down 1.9%

NASDAQ MRCY opened at $108.82 on Wednesday. The firm has a market cap of $6.53 billion, a PE ratio of -453.42 and a beta of 0.94. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.19 and a quick ratio of 2.15. The stock’s 50 day simple moving average is $89.72 and its 200 day simple moving average is $84.90. Mercury Systems Inc has a one year low of $48.75 and a one year high of $118.57.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. The firm had revenue of $235.76 million for the quarter, compared to analyst estimates of $208.56 million. Mercury Systems had a positive return on equity of 2.22% and a negative net margin of 1.46%.The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the company earned $0.06 EPS. As a group, sell-side analysts forecast that Mercury Systems Inc will post 0.18 earnings per share for the current fiscal year.

Insider Transactions at Mercury Systems

In other Mercury Systems news, EVP David E. Farnsworth sold 3,625 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $84.87, for a total value of $307,653.75. Following the transaction, the executive vice president directly owned 157,701 shares in the company, valued at approximately $13,384,083.87. This trade represents a 2.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, 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 value of $625,520.00. Following the completion of the transaction, the director owned 52,448 shares in the company, valued at $4,686,753.28. The trade was a 11.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 21,875 shares of company stock valued at $2,040,874 over the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

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.