Calamos Advisors LLC Purchases 35,270 Shares of Mercury Systems Inc $MRCY

Calamos Advisors LLC raised its position in shares of Mercury Systems Inc (NASDAQ:MRCY) by 179.2% in the second quarter, Holdings Channel reports. The firm owned 54,954 shares of the technology company’s stock after acquiring an additional 35,270 shares during the quarter. Calamos Advisors LLC’s holdings in Mercury Systems were worth $2,960,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of MRCY. Quaker Wealth Management LLC lifted its stake in shares of Mercury Systems by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 644 shares of the technology company’s stock worth $35,000 after buying an additional 1,288 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in Mercury Systems in the 2nd quarter worth approximately $59,000. GAMMA Investing LLC lifted its position in Mercury Systems by 25.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,322 shares of the technology company’s stock valued at $71,000 after acquiring an additional 264 shares in the last quarter. Nkcfo LLC bought a new position in Mercury Systems in the 1st quarter valued at approximately $72,000. Finally, Hilltop National Bank purchased a new stake in Mercury Systems during the 2nd quarter valued at $110,000. 95.99% of the stock is owned by hedge funds and other institutional investors.

Mercury Systems Trading Down 2.5%

Shares of NASDAQ:MRCY opened at $71.26 on Friday. The stock’s 50-day simple moving average is $76.27 and its two-hundred day simple moving average is $61.62. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of -107.97, a PEG ratio of 3.17 and a beta of 0.79. Mercury Systems Inc has a 52-week low of $37.28 and a 52-week high of $85.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.41 and a current ratio of 3.52.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, June 7th. The technology company reported $0.64 EPS for the quarter. The firm had revenue of $256.86 million during the quarter. Mercury Systems had a negative net margin of 4.16% and a positive return on equity of 0.58%. Analysts expect that Mercury Systems Inc will post -0.08 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MRCY shares. Zacks Research cut Mercury Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Royal Bank Of Canada set a $95.00 target price on Mercury Systems and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Canaccord Genuity Group assumed coverage on shares of Mercury Systems in a research note on Thursday, October 2nd. They set a “buy” rating and a $88.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mercury Systems in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Mercury Systems from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Mercury Systems has an average rating of “Moderate Buy” and an average price target of $81.00.

Insiders Place Their Bets

In other Mercury Systems news, CEO William L. Ballhaus sold 13,050 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $64.46, for a total value of $841,203.00. Following the transaction, the chief executive officer directly owned 374,976 shares in the company, valued at approximately $24,170,952.96. This trade represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Debora A. Plunkett sold 1,700 shares of Mercury Systems stock in a transaction on Friday, November 7th. The stock was sold at an average price of $73.99, for a total transaction of $125,783.00. Following the transaction, the director owned 16,833 shares in the company, valued at $1,245,473.67. This represents a 9.17% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,055,009 shares of company stock valued at $79,062,866. 1.40% of the stock is currently owned by corporate insiders.

About Mercury Systems

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.