Mercury Systems Inc $MRCY Shares Bought by Penn Capital Management Company LLC

Penn Capital Management Company LLC raised its stake in Mercury Systems Inc (NASDAQ:MRCY) by 4.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 191,883 shares of the technology company’s stock after purchasing an additional 7,729 shares during the period. Penn Capital Management Company LLC’s holdings in Mercury Systems were worth $14,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Osaic Holdings Inc. boosted its stake in Mercury Systems by 53.2% in 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 in the last quarter. Leonteq Securities AG acquired a new position in Mercury Systems in the fourth quarter valued at $35,000. Federated Hermes Inc. acquired a new stake in shares of Mercury Systems during the second quarter worth about $43,000. AlphaQuest LLC boosted its stake in shares of Mercury Systems by 41.9% during the third quarter. AlphaQuest LLC now owns 569 shares of the technology company’s stock worth $44,000 after buying an additional 168 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Mercury Systems by 33.7% during the second quarter. EverSource Wealth Advisors LLC now owns 929 shares of the technology company’s stock worth $50,000 after buying an additional 234 shares during the period. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Price Performance

Shares of MRCY opened at $99.32 on Wednesday. Mercury Systems Inc has a fifty-two week low of $47.53 and a fifty-two week high of $103.84. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of -413.83 and a beta of 0.83. The firm has a 50-day simple moving average of $83.19 and a 200-day simple moving average of $82.19. 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 announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. The firm had revenue of $235.76 million during the quarter, compared to the consensus estimate of $208.56 million. Mercury Systems had a negative net margin of 1.46% and a positive return on equity of 2.22%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 earnings per share. On average, equities research analysts anticipate that Mercury Systems Inc will post 0.18 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MRCY shares. Jefferies Financial Group reiterated a “hold” rating and set a $95.00 target price on shares of Mercury Systems in a research note on Sunday, May 10th. Royal Bank Of Canada reiterated an “outperform” rating and set a $105.00 target price on shares of Mercury Systems in a research note on Wednesday, February 4th. Canaccord Genuity Group increased their target price on shares of Mercury Systems from $102.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Mercury Systems in a research note on Tuesday, April 21st. Finally, Truist Financial upgraded shares of Mercury Systems to a “strong-buy” rating in a research note on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Mercury Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.89.

Insider Activity

In related news, Director Orlando D. Carvalho sold 7,000 shares of the firm’s stock in a transaction dated 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven Ratner sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $92.46, for a total transaction of $184,920.00. Following the completion of the sale, the executive vice president 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold 464,682 shares of company stock worth $42,530,339 in the last three months. 1.40% of the stock is currently owned by company 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.