Mercury Systems, Inc. (NASDAQ:MRCY) Shares Sold by Blair William & Co. IL

Blair William & Co. IL trimmed its stake in Mercury Systems, Inc. (NASDAQ:MRCY) by 34.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 77,271 shares of the technology company’s stock after selling 41,408 shares during the quarter. Blair William & Co. IL owned approximately 0.13% of Mercury Systems worth $2,086,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Louisiana State Employees Retirement System raised its holdings in Mercury Systems by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 26,300 shares of the technology company’s stock worth $710,000 after buying an additional 400 shares during the period. Illinois Municipal Retirement Fund raised its holdings in shares of Mercury Systems by 1.5% during the first quarter. Illinois Municipal Retirement Fund now owns 29,782 shares of the technology company’s stock valued at $879,000 after acquiring an additional 450 shares during the period. Texas Permanent School Fund Corp lifted its position in shares of Mercury Systems by 1.1% in the 1st quarter. Texas Permanent School Fund Corp now owns 45,577 shares of the technology company’s stock valued at $1,345,000 after acquiring an additional 514 shares in the last quarter. Iridian Asset Management LLC CT boosted its stake in Mercury Systems by 11.4% in the 2nd quarter. Iridian Asset Management LLC CT now owns 9,464 shares of the technology company’s stock worth $255,000 after purchasing an additional 972 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in Mercury Systems by 1,126.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock worth $31,000 after purchasing an additional 1,070 shares in the last quarter. 95.99% of the stock is owned by institutional investors and hedge funds.

Mercury Systems Stock Up 0.6 %

NASDAQ MRCY opened at $36.11 on Tuesday. The stock’s 50 day simple moving average is $36.11 and its 200 day simple moving average is $31.65. Mercury Systems, Inc. has a one year low of $25.31 and a one year high of $42.72. The firm has a market cap of $2.14 billion, a PE ratio of -15.37 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.07 and a quick ratio of 2.64.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, August 13th. The technology company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.23) by $0.32. Mercury Systems had a negative return on equity of 4.92% and a negative net margin of 16.48%. The company had revenue of $248.56 million for the quarter, compared to analysts’ expectations of $223.80 million. As a group, sell-side analysts forecast that Mercury Systems, Inc. will post -0.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jana Partners Management, Lp purchased 13,600 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average price of $37.25 per share, with a total value of $506,600.00. Following the completion of the acquisition, the director now directly owns 6,944,633 shares in the company, valued at approximately $258,687,579.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mercury Systems news, Director Jana Partners Management, Lp acquired 13,600 shares of Mercury Systems stock in a transaction on Tuesday, August 27th. The shares were purchased at an average cost of $37.25 per share, with a total value of $506,600.00. Following the completion of the purchase, the director now owns 6,944,633 shares in the company, valued at $258,687,579.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO David E. Farnsworth sold 6,716 shares of Mercury Systems stock in a transaction on Monday, August 19th. The stock was sold at an average price of $39.49, for a total value of $265,214.84. Following the sale, the chief financial officer now directly owns 140,778 shares of the company’s stock, valued at $5,559,323.22. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,099 shares of company stock valued at $865,740. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

MRCY has been the subject of several recent analyst reports. Alembic Global Advisors raised Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 target price for the company in a research report on Monday, August 19th. StockNews.com cut Mercury Systems from a “hold” rating to a “sell” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. increased their price target on shares of Mercury Systems from $26.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Royal Bank of Canada boosted their price objective on shares of Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 14th. Finally, Truist Financial increased their target price on shares of Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Mercury Systems currently has a consensus rating of “Hold” and an average price target of $33.50.

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.