Cwm LLC Trims Stock Holdings in Mercury Systems, Inc. (NASDAQ:MRCY)

Cwm LLC reduced its position in Mercury Systems, Inc. (NASDAQ:MRCY) by 14.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,778 shares of the technology company’s stock after selling 1,715 shares during the quarter. Cwm LLC’s holdings in Mercury Systems were worth $362,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MRCY. Sei Investments Co. boosted its stake in Mercury Systems by 27.0% during the 1st quarter. Sei Investments Co. now owns 216,956 shares of the technology company’s stock worth $6,400,000 after purchasing an additional 46,132 shares during the period. Jane Street Group LLC grew its holdings in shares of Mercury Systems by 102.6% during the first quarter. Jane Street Group LLC now owns 257,514 shares of the technology company’s stock worth $7,597,000 after buying an additional 130,396 shares during the last quarter. Natixis acquired a new position in Mercury Systems in the 1st quarter valued at about $693,000. Van ECK Associates Corp raised its stake in Mercury Systems by 258.7% during the 1st quarter. Van ECK Associates Corp now owns 112,813 shares of the technology company’s stock valued at $3,328,000 after acquiring an additional 81,364 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its position in Mercury Systems by 0.6% during the 2nd quarter. William Blair Investment Management LLC now owns 6,416,449 shares of the technology company’s stock worth $173,180,000 after acquiring an additional 36,923 shares during the period. 95.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mercury Systems

In other Mercury Systems news, EVP Stephanie Georges sold 1,340 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $39.49, for a total transaction of $52,916.60. Following the completion of the transaction, the executive vice president now directly owns 32,259 shares in the company, valued at approximately $1,273,907.91. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO David E. Farnsworth sold 6,716 shares of the company’s 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 in the company, valued at $5,559,323.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephanie Georges sold 1,340 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $39.49, for a total value of $52,916.60. Following the sale, the executive vice president now directly owns 32,259 shares in the company, valued at approximately $1,273,907.91. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,099 shares of company stock valued at $865,740. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MRCY shares. Alembic Global Advisors upgraded Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price target for the company in a research note on Monday, August 19th. Robert W. Baird raised their target price on shares of Mercury Systems from $26.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Truist Financial boosted their price target on shares of Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a research note on Wednesday, August 14th. Royal Bank of Canada raised 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, JPMorgan Chase & Co. boosted their target price on Mercury Systems from $26.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $33.50.

Mercury Systems Price Performance

Shares of NASDAQ:MRCY opened at $34.50 on Monday. Mercury Systems, Inc. has a 12 month low of $25.31 and a 12 month high of $42.72. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -14.68 and a beta of 0.70. The business’s 50 day simple moving average is $36.93 and its 200-day simple moving average is $32.66. 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 posted its earnings results on Tuesday, August 13th. The technology company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.32. The company had revenue of $248.56 million for the quarter, compared to the consensus estimate of $223.80 million. Mercury Systems had a negative return on equity of 4.92% and a negative net margin of 16.48%. As a group, equities analysts forecast that Mercury Systems, Inc. will post -0.52 earnings per share for the current fiscal year.

About Mercury Systems

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.