Lisanti Capital Growth LLC Sells 34,600 Shares of Mercury Systems Inc $MRCY

Lisanti Capital Growth LLC lessened its stake in shares of Mercury Systems Inc (NASDAQ:MRCY) by 83.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,850 shares of the technology company’s stock after selling 34,600 shares during the period. Lisanti Capital Growth LLC’s holdings in Mercury Systems were worth $569,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MRCY. Verdence Capital Advisors LLC increased its position in Mercury Systems by 4.7% during the third quarter. Verdence Capital Advisors LLC now owns 3,169 shares of the technology company’s stock valued at $263,000 after acquiring an additional 143 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Mercury Systems by 8.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,984 shares of the technology company’s stock worth $243,000 after acquiring an additional 155 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Mercury Systems by 2.1% in the 3rd quarter. Quadrant Capital Group LLC now owns 8,017 shares of the technology company’s stock worth $615,000 after acquiring an additional 167 shares during the last quarter. Guidance Capital Inc. boosted its stake in shares of Mercury Systems by 2.5% during the 3rd quarter. Guidance Capital Inc. now owns 7,098 shares of the technology company’s stock worth $549,000 after purchasing an additional 171 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its stake in shares of Mercury Systems by 0.7% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 29,433 shares of the technology company’s stock worth $2,443,000 after purchasing an additional 206 shares during the period. 95.99% of the stock is currently owned by institutional investors.

Top Mercury Systems Stories

Investors following MRCY have been watching these stories:

• Positive Sentiment: Mercury reported fiscal Q1 adjusted earnings of $0.52 per share and revenue of $253.2 million, beating analyst estimates; revenue rose 12.4% year over year. Stronger-than-expected results and gross margins are supporting sentiment. RBC analysis
• Neutral Sentiment: The company’s FY2027 revenue guidance is $1.1 billion, in line with consensus. Reports also describe an improved full-year outlook, but the revenue forecast itself is not a clear upside surprise. FY2027 outlook
• Negative Sentiment: Broader defense-sector concerns weighed on the shares around the earnings release, tempering the positive reaction to the results. Defense-sector concerns

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Deutsche Bank lowered shares of Mercury Systems to a “hold” rating in a research report on Wednesday, August 12th. Truist Financial boosted their target price on Mercury Systems from $109.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Guggenheim initiated coverage on Mercury Systems in a research report on Monday, September 14th. They set a “buy” rating and a $115.00 target price for the company. Piper Sandler reaffirmed an “overweight” rating and set a $107.00 target price on shares of Mercury Systems in a research note on Wednesday. Finally, Weiss Ratings downgraded Mercury Systems from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.00.

Insider Transactions at Mercury Systems

In other Mercury Systems news, EVP David Farnsworth sold 8,155 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $100.31, for a total value of $818,028.05. Following the transaction, the executive vice president directly owned 124,579 shares in the company, valued at $12,496,519.49. This represents a 6.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO William Ballhaus sold 111,076 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $87.12, for a total transaction of $9,676,941.12. Following the transaction, the chief executive officer directly owned 342,436 shares in the company, valued at approximately $29,833,024.32. This trade represents a 24.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 452,186 shares of company stock worth $41,933,170 over the last 90 days. Insiders own 0.99% of the company’s stock.

Mercury Systems Stock Up 5.7%

NASDAQ:MRCY opened at $88.33 on Thursday. Mercury Systems Inc has a twelve month low of $64.37 and a twelve month high of $128.45. The company has a market cap of $5.38 billion, a price-to-earnings ratio of -1,104.12 and a beta of 0.98. The stock has a fifty day simple moving average of $80.22 and a 200-day simple moving average of $90.94. The company has a current ratio of 2.96, a quick ratio of 1.85 and a debt-to-equity ratio of 0.29.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, November 10th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.22. The firm had revenue of $253.15 million during the quarter, compared to analyst estimates of $245.00 million. Mercury Systems had a negative net margin of 0.40% and a positive return on equity of 2.55%. The business’s revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 earnings per share. Analysts anticipate that Mercury Systems Inc will post 0.91 EPS for the current year.

Mercury Systems Profile

Mercury Systems, Inc. develops and supplies secure processing systems and subsystems for the aerospace and defense industries. Its products include embedded computing, signal processing, radio-frequency and microwave components, and other technologies used to process and manage critical data. The company’s technologies support applications such as radar, electronic warfare, communications, avionics, and command-and-control systems. Mercury works with defense contractors and government customers, providing components and systems designed for use in demanding environments.