4,396 Shares in Mercury Systems Inc $MRCY Bought by Corecam Pte. Ltd.

Corecam Pte. Ltd. bought a new stake in Mercury Systems Inc (NASDAQ:MRCY) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 4,396 shares of the technology company’s stock, valued at approximately $321,000.

Several other institutional investors have also recently bought and sold shares of MRCY. Osaic Holdings Inc. boosted its holdings in Mercury Systems by 53.2% during the second quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock valued at $32,000 after acquiring an additional 208 shares during the period. Leonteq Securities AG bought a new stake in Mercury Systems during the 4th quarter valued at approximately $35,000. Hollencrest Capital Management bought a new stake in Mercury Systems during the 4th quarter valued at approximately $37,000. Federated Hermes Inc. acquired a new stake in Mercury Systems in the 2nd quarter valued at approximately $43,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Mercury Systems by 33.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 929 shares of the technology company’s stock valued at $50,000 after buying an additional 234 shares during the last quarter. Institutional investors own 95.99% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Mercury Systems

In other Mercury Systems news, EVP Steven Ratner sold 2,000 shares of Mercury Systems stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $92.46, for a total transaction of $184,920.00. Following the sale, the executive vice president directly owned 32,238 shares of the company’s stock, valued at approximately $2,980,725.48. The trade was a 5.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Orlando D. Carvalho sold 7,000 shares of the business’s 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 sale, the director directly owned 52,448 shares in the company, valued at approximately $4,686,753.28. This represents a 11.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,875 shares of company stock worth $2,040,874 in the last three months. 1.40% of the stock is currently owned by company insiders.

Mercury Systems Price Performance

Shares of MRCY stock opened at $113.91 on Friday. The stock has a market cap of $6.84 billion, a P/E ratio of -474.62 and a beta of 0.94. Mercury Systems Inc has a one year low of $49.03 and a one year high of $122.17. The stock has a fifty day moving average price of $96.08 and a 200 day moving average price of $87.39. 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 (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.27 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $208.56 million. During the same quarter in the prior year, the company posted $0.06 EPS. The business’s revenue was up 11.5% on a year-over-year basis. Analysts predict 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.