Mercury Systems Inc (NASDAQ:MRCY) Short Interest Update

Mercury Systems Inc (NASDAQ:MRCY) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 3,828,163 shares, a drop of 25.2% from the January 15th total of 5,120,404 shares. Based on an average trading volume of 658,591 shares, the short-interest ratio is presently 5.8 days. Approximately 6.5% of the company’s shares are sold short. Approximately 6.5% of the company’s shares are sold short. Based on an average trading volume of 658,591 shares, the short-interest ratio is presently 5.8 days.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MRCY. Canaccord Genuity Group set a $102.00 target price on Mercury Systems in a report on Wednesday, February 4th. The Goldman Sachs Group raised their price objective on shares of Mercury Systems from $49.00 to $55.00 and gave the stock a “sell” rating in a research report on Tuesday, January 20th. Truist Financial boosted 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Mercury Systems in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $105.00 price target on shares of Mercury Systems in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Mercury Systems currently has an average rating of “Hold” and a consensus price target of $86.89.

Insider Buying and Selling at Mercury Systems

In other news, Director Jana Partners Management, Lp sold 400,000 shares of the business’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. The trade was a 8.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Mercury Systems

Institutional investors and hedge funds have recently made changes to their positions in the business. Invesco Ltd. lifted its position in Mercury Systems by 161.7% in the 3rd quarter. Invesco Ltd. now owns 1,527,443 shares of the technology company’s stock valued at $118,224,000 after acquiring an additional 943,736 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Mercury Systems by 321.7% in the second quarter. Loomis Sayles & Co. L P now owns 992,610 shares of the technology company’s stock worth $53,462,000 after purchasing an additional 757,216 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Mercury Systems by 96.3% in the third quarter. First Trust Advisors LP now owns 1,532,822 shares of the technology company’s stock valued at $118,640,000 after purchasing an additional 751,813 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Mercury Systems by 287.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 693,867 shares of the technology company’s stock valued at $56,328,000 after buying an additional 514,756 shares during the last quarter. Finally, Emerald Advisers LLC purchased a new position in shares of Mercury Systems during the second quarter valued at approximately $24,599,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Stock Up 2.6%

Shares of NASDAQ:MRCY traded up $2.11 during trading on Friday, reaching $82.36. 363,449 shares of the stock were exchanged, compared to its average volume of 772,739. Mercury Systems has a 1-year low of $39.89 and a 1-year high of $103.84. The stock has a fifty day moving average of $84.71 and a two-hundred day moving average of $75.77. 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 cap 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.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings results 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 business had revenue of $232.87 million during the quarter, compared to analyst estimates of $209.96 million. During the same quarter in the previous year, the business posted $0.07 EPS. Mercury Systems’s quarterly revenue was up 4.4% on a year-over-year basis. Research analysts anticipate that Mercury Systems will post -0.08 earnings per share for the current fiscal year.

Mercury Systems Company 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.