Mercury Systems Inc $MRCY Holdings Decreased by 13D Management LLC

13D Management LLC trimmed its position in shares of Mercury Systems Inc (NASDAQ:MRCY) by 24.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 103,762 shares of the technology company’s stock after selling 33,250 shares during the quarter. Mercury Systems accounts for about 9.0% of 13D Management LLC’s holdings, making the stock its 2nd largest holding. 13D Management LLC’s holdings in Mercury Systems were worth $7,576,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of MRCY. Osaic Holdings Inc. grew its position in Mercury Systems by 53.2% during the 2nd quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock worth $32,000 after acquiring an additional 208 shares during the last quarter. Leonteq Securities AG purchased a new position in Mercury Systems in the 4th quarter worth approximately $35,000. Hollencrest Capital Management purchased a new position in Mercury Systems in the 4th quarter worth approximately $37,000. Federated Hermes Inc. purchased a new position in Mercury Systems in the 2nd quarter worth approximately $43,000. Finally, EverSource Wealth Advisors LLC increased its stake in Mercury Systems by 33.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 929 shares of the technology company’s stock worth $50,000 after purchasing an additional 234 shares during the period. 95.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director Howard L. Lance sold 9,250 shares of Mercury Systems stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $99.76, for a total value of $922,780.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP David E. Farnsworth sold 3,625 shares of Mercury Systems stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 157,701 shares in the company, valued at approximately $13,384,083.87. This represents a 2.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 21,875 shares of company stock valued at $2,040,874 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

Mercury Systems Price Performance

Shares of MRCY stock opened at $112.44 on Wednesday. The firm has a market cap of $6.75 billion, a P/E ratio of -468.50 and a beta of 0.94. Mercury Systems Inc has a fifty-two week low of $48.75 and a fifty-two week high of $122.17. The business’s 50 day moving average price is $93.90 and its 200-day moving average price is $86.57. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.15 and a current ratio of 3.19.

Mercury Systems (NASDAQ:MRCY) last issued 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 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. On average, equities research analysts anticipate that Mercury Systems Inc will post 0.31 earnings per share 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.