Geode Capital Management LLC Has $99.94 Million Stock Holdings in Mercury Systems Inc $MRCY

Geode Capital Management LLC raised its holdings in Mercury Systems Inc (NASDAQ:MRCY) by 3.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,368,659 shares of the technology company’s stock after purchasing an additional 47,174 shares during the period. Geode Capital Management LLC’s holdings in Mercury Systems were worth $99,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of MRCY. AQR Capital Management LLC bought a new stake in Mercury Systems in the 1st quarter valued at $755,000. Goldman Sachs Group Inc. increased its holdings in Mercury Systems by 51.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 855,441 shares of the technology company’s stock valued at $36,861,000 after buying an additional 290,989 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Mercury Systems by 13.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,617 shares of the technology company’s stock valued at $6,878,000 after buying an additional 18,916 shares during the period. Jane Street Group LLC lifted its stake in Mercury Systems by 161.3% during the first quarter. Jane Street Group LLC now owns 50,769 shares of the technology company’s stock worth $2,188,000 after purchasing an additional 31,337 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Mercury Systems by 30.3% during the second quarter. JPMorgan Chase & Co. now owns 124,973 shares of the technology company’s stock worth $6,731,000 after purchasing an additional 29,057 shares during the period. Institutional investors own 95.99% of the company’s stock.

Insider Activity at Mercury Systems

In other news, Director Orlando D. Carvalho sold 7,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $89.36, for a total transaction of $625,520.00. Following the sale, the director directly owned 52,448 shares of the company’s stock, valued at $4,686,753.28. This represents a 11.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Howard L. Lance sold 9,250 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $99.76, for a total transaction of $922,780.00. The disclosure for this sale is available in the SEC filing. Insiders sold 21,875 shares of company stock valued at $2,040,874 over the last three months. 1.40% of the stock is owned by company insiders.

Mercury Systems Stock Performance

NASDAQ MRCY opened at $111.27 on Friday. The firm has a market cap of $6.68 billion, a price-to-earnings ratio of -463.63 and a beta of 0.94. The company has a 50 day moving average of $88.28 and a 200-day moving average of $84.20. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.40. Mercury Systems Inc has a 1-year low of $48.75 and a 1-year high of $118.57.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data 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. Mercury Systems had a negative net margin of 1.46% and a positive return on equity of 2.22%. The company had revenue of $235.76 million during the quarter, compared to analyst estimates of $208.56 million. During the same quarter last year, the business posted $0.06 earnings per share. The company’s revenue was up 11.5% on a year-over-year basis. On average, equities analysts forecast that Mercury Systems Inc will post 0.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MRCY has been the subject of a number of analyst reports. The Goldman Sachs Group raised their price target on shares of Mercury Systems from $60.00 to $68.00 and gave the stock a “sell” rating in a research note on Monday, May 11th. Truist Financial upgraded shares of Mercury Systems to a “strong-buy” rating in a research note on Friday, May 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Mercury Systems in a research note on Tuesday, April 21st. Jefferies Financial Group restated a “hold” rating and set a $105.00 price target on shares of Mercury Systems in a research note on Monday, June 1st. Finally, Canaccord Genuity Group raised their price target 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. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Mercury Systems currently has a consensus rating of “Moderate Buy” and an average target price of $91.00.

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.