Mercury Systems Inc $MRCY Stock Holdings Trimmed by Bamco Inc. NY

Bamco Inc. NY reduced its position in Mercury Systems Inc (NASDAQ:MRCY) by 35.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 835,823 shares of the technology company’s stock after selling 459,461 shares during the period. Bamco Inc. NY’s holdings in Mercury Systems were worth $61,023,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Mercury Systems by 4.0% in the third quarter. Vanguard Group Inc. now owns 5,731,033 shares of the technology company’s stock valued at $443,582,000 after buying an additional 221,093 shares during the last quarter. State Street Corp lifted its stake in Mercury Systems by 12.1% during the fourth quarter. State Street Corp now owns 3,423,600 shares of the technology company’s stock worth $249,957,000 after purchasing an additional 368,242 shares during the last quarter. First Trust Advisors LP lifted its stake in Mercury Systems by 96.3% during the third quarter. First Trust Advisors LP now owns 1,532,822 shares of the technology company’s stock worth $118,640,000 after purchasing an additional 751,813 shares during the last quarter. Invesco Ltd. lifted its stake in Mercury Systems by 161.7% during the third quarter. Invesco Ltd. now owns 1,527,443 shares of the technology company’s stock worth $118,224,000 after purchasing an additional 943,736 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Mercury Systems by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 1,368,659 shares of the technology company’s stock valued at $99,940,000 after buying an additional 47,174 shares during the period. 95.99% of the stock is owned by institutional investors.

Mercury Systems Stock Performance

MRCY stock opened at $115.50 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.15 and a current ratio of 3.19. The stock has a market capitalization of $6.93 billion, a price-to-earnings ratio of -481.25 and a beta of 0.94. Mercury Systems Inc has a 1 year low of $49.03 and a 1 year high of $122.17. The stock’s fifty day moving average is $94.69 and its two-hundred day moving average is $86.89.

Mercury Systems (NASDAQ:MRCY) last posted its earnings results 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 positive return on equity of 2.22% and a negative net margin of 1.46%.The company had revenue of $235.76 million for the quarter, compared to analysts’ expectations of $208.56 million. During the same period last year, the business posted $0.06 earnings per share. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, research analysts predict that Mercury Systems Inc will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on MRCY. Jefferies Financial Group reaffirmed a “hold” rating and issued a $105.00 price target on shares of Mercury Systems in a report on Monday, June 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mercury Systems in a report on Tuesday, April 21st. Canaccord Genuity Group lifted their price target on shares of Mercury Systems from $102.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, May 7th. The Goldman Sachs Group lifted their price target on shares of Mercury Systems from $60.00 to $68.00 and gave the company a “sell” rating in a report on Monday, May 11th. Finally, Truist Financial raised shares of Mercury Systems to a “strong-buy” rating in a report on Friday, May 1st. Two equities research 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.00.

Insiders Place Their Bets

In other news, Director Orlando D. Carvalho sold 7,000 shares of the stock in a transaction that occurred 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 directly owned 52,448 shares in the company, valued at $4,686,753.28. This trade represents a 11.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Howard L. Lance sold 9,250 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $99.76, for a total transaction of $922,780.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 21,875 shares of company stock valued at $2,040,874 in the last quarter. 1.40% of the stock is owned by insiders.

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.