Zions Bancorporation National Association UT Has $3.92 Million Stock Position in Mercury Systems Inc $MRCY

Zions Bancorporation National Association UT lessened its holdings in Mercury Systems Inc (NASDAQ:MRCY) by 13.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,696 shares of the technology company’s stock after selling 7,590 shares during the quarter. Zions Bancorporation National Association UT owned approximately 0.08% of Mercury Systems worth $3,924,000 at the end of the most recent reporting period.

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

Mercury Systems Price Performance

MRCY stock opened at $82.36 on Monday. The company has a current ratio of 2.96, a quick ratio of 2.04 and a debt-to-equity ratio of 0.41. The stock has a market cap of $4.94 billion, a PE ratio of -155.40, a price-to-earnings-growth ratio of 6.82 and a beta of 0.75. The stock has a 50-day moving average price of $84.71 and a two-hundred day moving average price of $75.93. Mercury Systems Inc has a 1 year low of $39.89 and a 1 year high of $103.84.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MRCY. Royal Bank Of Canada reissued an “outperform” rating and set a $105.00 price objective on shares of Mercury Systems in a research note on Wednesday, February 4th. Truist Financial lifted their price target on shares of Mercury Systems from $102.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Canaccord Genuity Group set a $102.00 price target on shares of Mercury Systems in a report on Wednesday, February 4th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $100.00 price objective on shares of Mercury Systems in a research note on Wednesday, November 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Mercury Systems in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $86.89.

Insider Buying and Selling

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

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.