D. E. Shaw & Co. Inc. Boosts Stock Holdings in Mercury Systems, Inc. (NASDAQ:MRCY)

D. E. Shaw & Co. Inc. lifted its stake in Mercury Systems, Inc. (NASDAQ:MRCY) by 56.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,973 shares of the technology company’s stock after buying an additional 42,533 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.20% of Mercury Systems worth $4,955,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Barclays PLC raised its holdings in shares of Mercury Systems by 471.3% during the third quarter. Barclays PLC now owns 175,562 shares of the technology company’s stock valued at $6,496,000 after acquiring an additional 144,831 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Mercury Systems by 3.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 46,220 shares of the technology company’s stock worth $1,710,000 after purchasing an additional 1,731 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Mercury Systems by 52.5% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,502 shares of the technology company’s stock worth $189,000 after purchasing an additional 1,549 shares during the period. KBC Group NV boosted its stake in shares of Mercury Systems by 49.4% during the 4th quarter. KBC Group NV now owns 2,496 shares of the technology company’s stock valued at $105,000 after purchasing an additional 825 shares in the last quarter. Finally, Conestoga Capital Advisors LLC increased its position in shares of Mercury Systems by 55.9% during the fourth quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company’s stock valued at $87,058,000 after buying an additional 743,552 shares during the period. Institutional investors own 95.99% of the company’s stock.

Mercury Systems Price Performance

Shares of NASDAQ:MRCY opened at $46.14 on Friday. The business has a fifty day moving average price of $46.41 and a 200-day moving average price of $43.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.36. The company has a market capitalization of $2.76 billion, a PE ratio of -29.58 and a beta of 0.70. Mercury Systems, Inc. has a 1-year low of $26.48 and a 1-year high of $52.25.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, May 6th. The technology company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $211.36 million during the quarter, compared to analysts’ expectations of $204.25 million. Mercury Systems had a negative net margin of 10.23% and a negative return on equity of 2.03%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.26) earnings per share. As a group, equities analysts expect that Mercury Systems, Inc. will post -0.08 EPS for the current fiscal year.

Analyst Ratings Changes

MRCY has been the subject of several research analyst reports. Truist Financial upgraded shares of Mercury Systems from a “hold” rating to a “buy” rating and raised their price objective for the stock from $49.00 to $56.00 in a report on Thursday, March 13th. The Goldman Sachs Group lifted their price target on Mercury Systems from $30.00 to $33.00 and gave the company a “sell” rating in a research report on Monday, May 12th. Royal Bank of Canada increased their price objective on Mercury Systems from $48.00 to $50.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 7th. Robert W. Baird upgraded shares of Mercury Systems from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $37.00 to $58.00 in a report on Wednesday, February 5th. Finally, Baird R W upgraded shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Mercury Systems currently has a consensus rating of “Hold” and an average target price of $46.71.

Insider Buying and Selling

In other Mercury Systems news, CAO Douglas Munro sold 595 shares of Mercury Systems stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $26,251.40. Following the completion of the sale, the chief accounting officer now owns 14,572 shares of the company’s stock, valued at approximately $642,916.64. This trade represents a 3.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stuart Kupinsky sold 2,377 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $104,873.24. Following the completion of the transaction, the executive vice president now owns 62,834 shares of the company’s stock, valued at $2,772,236.08. This represents a 3.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,358 shares of company stock worth $4,498,895 in the last three months. Insiders own 1.60% of the company’s stock.

Mercury Systems Company Profile

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.