Moody National Bank Trust Division Raises Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Moody National Bank Trust Division boosted its stake in Mercury Systems, Inc. (NASDAQ:MRCY) by 17.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,744 shares of the technology company’s stock after buying an additional 5,708 shares during the quarter. Moody National Bank Trust Division owned approximately 0.06% of Mercury Systems worth $1,113,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Mercury Systems by 8.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,615,965 shares of the technology company’s stock valued at $208,296,000 after acquiring an additional 429,532 shares during the last quarter. Public Sector Pension Investment Board acquired a new stake in Mercury Systems in the 3rd quarter valued at about $2,345,000. Norges Bank acquired a new stake in Mercury Systems in the 4th quarter valued at about $13,294,000. Cerity Partners LLC acquired a new stake in Mercury Systems in the 4th quarter valued at about $1,660,000. Finally, Schonfeld Strategic Advisors LLC raised its holdings in Mercury Systems by 1,150.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 292,107 shares of the technology company’s stock valued at $10,834,000 after acquiring an additional 268,752 shares during the last quarter. 95.99% of the stock is owned by hedge funds and other institutional investors.

Mercury Systems Stock Performance

Shares of NASDAQ MRCY opened at $27.80 on Thursday. The company has a 50 day simple moving average of $29.51 and a 200-day simple moving average of $30.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.93 and a current ratio of 4.58. Mercury Systems, Inc. has a 1 year low of $25.31 and a 1 year high of $40.95.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.11). The company had revenue of $208.26 million for the quarter, compared to analysts’ expectations of $212.03 million. Mercury Systems had a negative return on equity of 5.07% and a negative net margin of 16.08%. On average, analysts anticipate that Mercury Systems, Inc. will post -1.51 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MRCY. JPMorgan Chase & Co. increased their price objective on shares of Mercury Systems from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Truist Financial cut their price target on shares of Mercury Systems from $28.00 to $26.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. Four analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $28.50.

Mercury Systems Company Profile

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.