Rice Hall James & Associates LLC Has $3.08 Million Stock Holdings in Mercury Systems Inc $MRCY

Rice Hall James & Associates LLC trimmed its position in shares of Mercury Systems Inc (NASDAQ:MRCY) by 13.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,225 shares of the technology company’s stock after selling 6,592 shares during the period. Rice Hall James & Associates LLC’s holdings in Mercury Systems were worth $3,079,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling at Mercury Systems

In other news, Director Orlando D. Carvalho sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $89.36, for a total value of $625,520.00. Following the sale, the director directly owned 52,448 shares of the company’s stock, valued at approximately $4,686,753.28. This trade represents a 11.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Howard L. Lance sold 9,250 shares of Mercury Systems stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $99.76, for a total value of $922,780.00. The disclosure for this sale is available in the SEC filing. Insiders sold 18,250 shares of company stock worth $1,733,220 over the last ninety days. Company insiders own 1.40% of the company’s stock.

Mercury Systems Price Performance

Shares of Mercury Systems stock opened at $103.27 on Monday. The firm has a fifty day simple moving average of $108.26 and a 200-day simple moving average of $93.81. 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 $50.13 and a 1-year high of $128.45. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of -430.29 and a beta of 0.93.

Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. The business had revenue of $235.76 million for the quarter, compared to analyst estimates of $208.56 million. Mercury Systems had a negative net margin of 1.46% and a positive return on equity of 2.22%. Mercury Systems’s revenue was up 11.5% compared to the same quarter last year. During the same period last year, the business posted $0.06 EPS. On average, sell-side analysts expect that Mercury Systems Inc will post 0.35 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Truist Financial upgraded shares of Mercury Systems to a “strong-buy” rating in a research note on Friday, May 1st. Canaccord Genuity Group increased their target price on shares of Mercury Systems from $102.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mercury Systems in a research report on Friday, July 17th. Wall Street Zen cut Mercury Systems from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $115.00 price target on shares of Mercury Systems in a research note on Friday, July 10th. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.78.

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.