Teachers Retirement System of The State of Kentucky Increases Stock Holdings in Mercury Systems Inc $MRCY

Teachers Retirement System of The State of Kentucky increased its stake in shares of Mercury Systems Inc (NASDAQ:MRCY) by 157.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 34,536 shares of the technology company’s stock after acquiring an additional 21,140 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Mercury Systems were worth $2,519,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC grew its position in Mercury Systems by 15.4% in the fourth quarter. Signaturefd LLC now owns 804 shares of the technology company’s stock valued at $59,000 after acquiring an additional 107 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in shares of Mercury Systems by 1.8% during the fourth quarter. Maryland State Retirement & Pension System now owns 7,714 shares of the technology company’s stock worth $563,000 after purchasing an additional 134 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Mercury Systems by 11.3% in the fourth quarter. GAMMA Investing LLC now owns 1,781 shares of the technology company’s stock valued at $130,000 after purchasing an additional 181 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Mercury Systems by 1.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,058 shares of the technology company’s stock valued at $880,000 after purchasing an additional 187 shares during the period. Finally, Arizona State Retirement System grew its holdings in Mercury Systems by 1.3% during the 4th quarter. Arizona State Retirement System now owns 15,211 shares of the technology company’s stock valued at $1,111,000 after purchasing an additional 195 shares in the last quarter. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Insider Transactions at Mercury Systems

In other Mercury Systems news, Director Howard L. Lance sold 9,250 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $99.76, for a total transaction of $922,780.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Orlando D. Carvalho sold 7,000 shares of Mercury Systems stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $89.36, for a total value of $625,520.00. Following the completion of the transaction, the director owned 52,448 shares of the company’s stock, valued at approximately $4,686,753.28. The trade was a 11.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 21,875 shares of company stock valued at $2,040,874 in the last three months. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

MRCY has been the topic of a number of recent analyst reports. Truist Financial upgraded shares of Mercury Systems to a “strong-buy” rating in a report on Friday, May 1st. The Goldman Sachs Group boosted their price target on Mercury Systems from $60.00 to $68.00 and gave the stock a “sell” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. increased their price target on Mercury Systems from $99.00 to $101.00 and gave the company a “neutral” rating in a report on Monday. Zacks Research upgraded Mercury Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Finally, Wall Street Zen upgraded Mercury Systems from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Mercury Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.78.

Mercury Systems Price Performance

Shares of MRCY stock opened at $100.32 on Wednesday. The firm has a market cap of $6.02 billion, a P/E ratio of -418.00 and a beta of 0.93. 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 Inc has a 1-year low of $49.86 and a 1-year high of $128.45. The firm has a fifty day moving average of $106.99 and a two-hundred day moving average of $92.43.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, May 5th. The technology company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.21. The company 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 company’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.06 EPS. As a group, research analysts anticipate that Mercury Systems Inc will post 0.3 earnings per share for the current fiscal year.

About Mercury Systems

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.