61,166 Shares in Mercury Systems Inc $MRCY Bought by Deepwater Asset Management LLC

Deepwater Asset Management LLC acquired a new stake in shares of Mercury Systems Inc (NASDAQ:MRCY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 61,166 shares of the technology company’s stock, valued at approximately $7,482,000. Mercury Systems comprises about 3.4% of Deepwater Asset Management LLC’s investment portfolio, making the stock its 13th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MRCY. BlackRock Inc. acquired a new position in Mercury Systems in the 2nd quarter worth about $1,146,342,000. State Street Corp lifted its holdings in shares of Mercury Systems by 12.1% during the 4th quarter. State Street Corp now owns 3,423,600 shares of the technology company’s stock valued at $249,957,000 after buying an additional 368,242 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Mercury Systems by 25.1% during the 4th quarter. Invesco Ltd. now owns 1,910,742 shares of the technology company’s stock valued at $139,503,000 after buying an additional 383,299 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Mercury Systems by 1.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,542,851 shares of the technology company’s stock valued at $112,644,000 after buying an additional 21,182 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake 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 in the last quarter. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Insider Buying and Selling

In other Mercury Systems news, Director Howard L. Lance sold 9,250 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $99.76, for a total transaction of $922,780.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by company insiders.

Mercury Systems Trading Down 7.4%

Shares of MRCY stock opened at $105.00 on Wednesday. Mercury Systems Inc has a 12 month low of $62.78 and a 12 month high of $128.45. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average is $108.73 and its two-hundred day moving average is $94.85. The company has a market cap of $6.30 billion, a PE ratio of -437.50 and a beta of 0.95.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, August 18th. The technology company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The firm had revenue of $289.78 million during the quarter, compared to the consensus estimate of $266.09 million. Mercury Systems had a negative net margin of 1.46% and a positive return on equity of 2.22%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 EPS. Equities analysts predict that Mercury Systems Inc will post 0.33 EPS for the current year.

Analyst Ratings Changes

MRCY has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $115.00 price objective on shares of Mercury Systems in a research report on Friday, July 10th. Piper Sandler started coverage on shares of Mercury Systems in a research note on Wednesday, August 12th. They set an “overweight” rating and a $126.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of Mercury Systems from $99.00 to $101.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Wall Street Zen lowered shares of Mercury Systems from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, Zacks Research cut shares of Mercury Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $102.00.

Key Stories Impacting Mercury Systems

Here are the key news stories impacting Mercury Systems this week:

• Positive Sentiment: Mercury reported record fourth-quarter bookings of approximately $660 million, up 93.1% year over year, producing a 2.28 book-to-bill ratio. Backlog exceeded $1.9 billion, an increase of roughly 38%, providing stronger future-revenue visibility. Mercury Systems Reports Fourth Quarter and Fiscal 2026 Results
• Positive Sentiment: Fourth-quarter revenue reached a record approximately $290 million, up 6.1% year over year and above analysts’ expectations of about $266 million. Fiscal-year revenue also increased to $984 million from $912 million. Mercury Systems Q4 Revenue Reaches $290 Million as Bookings Hit Record $660 Million
• Neutral Sentiment: Adjusted fourth-quarter EPS was $0.37, described by one report as meeting consensus and by another as slightly below the $0.38 estimate. The result was below $0.47 a year earlier, making the earnings signal mixed. Mercury Systems Meets Q4 Earnings Estimates
• Negative Sentiment: GAAP earnings fell to approximately $0.01 per share from $0.27 a year earlier. Adjusted EBITDA declined to $49 million from $51 million, while free cash flow fell to $29 million from $34 million, raising concerns about margins and cash conversion. Mercury Systems Slides After Earnings Despite Record Bookings and Backlog
• Negative Sentiment: Investors may also be weighing a fiscal-year GAAP net loss of $29.7 million and lower operating and free cash flow compared with fiscal 2025. In addition, reported open-market insider activity over the past six months consisted of sales and no purchases, adding a potential sentiment headwind.

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.