Mercury Systems Inc $MRCY Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its stake in shares of Mercury Systems Inc (NASDAQ:MRCY) by 18.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,644 shares of the technology company’s stock after buying an additional 32,443 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.34% of Mercury Systems worth $15,917,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Salomon & Ludwin LLC acquired a new position in Mercury Systems during the 3rd quarter valued at about $32,000. Osaic Holdings Inc. raised its holdings in shares of Mercury Systems by 53.2% during the second quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock valued at $32,000 after buying an additional 208 shares during the last quarter. Quaker Wealth Management LLC boosted its position in shares of Mercury Systems by 200.0% during 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 during the period. Federated Hermes Inc. bought a new position in Mercury Systems in the 2nd quarter worth approximately $43,000. Finally, AlphaQuest LLC increased its position in Mercury Systems by 41.9% in the 3rd quarter. AlphaQuest LLC now owns 569 shares of the technology company’s stock valued at $44,000 after acquiring an additional 168 shares during the period. Institutional investors and hedge funds own 95.99% of the company’s stock.

Analyst Upgrades and Downgrades

MRCY has been the subject of a number of analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $105.00 price target on shares of Mercury Systems in a research report on Wednesday, February 4th. The Goldman Sachs Group lifted their price objective on shares of Mercury Systems from $49.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday, January 20th. Truist Financial increased their target price on shares of Mercury Systems from $102.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Jefferies Financial Group reissued a “hold” rating and set a $85.00 target price on shares of Mercury Systems in a report on Sunday, February 8th. Finally, Canaccord Genuity Group set a $102.00 price target on shares of Mercury Systems in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Mercury Systems currently has an average rating of “Hold” and a consensus price target of $86.89.

Mercury Systems Price Performance

NASDAQ MRCY opened at $82.36 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.96 and a quick ratio of 2.04. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of -155.40, a price-to-earnings-growth ratio of 6.82 and a beta of 0.75. The company has a 50 day simple moving average of $84.71 and a 200-day simple moving average of $75.77. Mercury Systems Inc has a 52-week low of $39.89 and a 52-week high of $103.84.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. Mercury Systems had a negative net margin of 3.23% and a positive return on equity of 1.28%. The firm had revenue of $232.87 million for the quarter, compared to the consensus estimate of $209.96 million. During the same period in the previous year, the firm posted $0.07 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. Equities research analysts predict that Mercury Systems Inc will post -0.08 earnings per share for the current fiscal year.

Insider Transactions at Mercury Systems

In other Mercury Systems news, Director Jana Partners Management, Lp sold 400,000 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $81.00, for a total value of $32,400,000.00. Following the transaction, the director directly owned 4,566,675 shares of the company’s stock, valued at $369,900,675. This represents a 8.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

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.