13,000 Shares in Mercury Systems Inc $MRCY Acquired by Strs Ohio

Strs Ohio purchased a new stake in shares of Mercury Systems Inc (NASDAQ:MRCY) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 13,000 shares of the technology company’s stock, valued at approximately $1,006,000.

Other institutional investors also recently modified their holdings of the company. Salomon & Ludwin LLC acquired a new stake in shares of Mercury Systems in the third quarter worth $32,000. Osaic Holdings Inc. raised its holdings in Mercury Systems by 53.2% in the 2nd quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock worth $32,000 after acquiring an additional 208 shares during the period. Quaker Wealth Management LLC lifted its position in Mercury Systems by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 644 shares of the technology company’s stock worth $35,000 after acquiring an additional 1,288 shares during the last quarter. Federated Hermes Inc. bought a new stake in Mercury Systems during the second quarter valued at about $43,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Mercury Systems by 33.7% in the second quarter. EverSource Wealth Advisors LLC now owns 929 shares of the technology company’s stock valued at $50,000 after purchasing an additional 234 shares during the last quarter. Institutional investors own 95.99% of the company’s stock.

Insider Buying and Selling at Mercury Systems

In related news, Director Jana Partners Management, Lp sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $75.45, for a total transaction of $75,450,000.00. Following the completion of the transaction, the director owned 4,966,675 shares in the company, valued at $374,735,628.75. This trade represents a 16.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Debora A. Plunkett sold 1,700 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $73.99, for a total value of $125,783.00. Following the completion of the sale, the director directly owned 16,833 shares in the company, valued at approximately $1,245,473.67. This represents a 9.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,003,029 shares of company stock valued at $75,673,358. 1.40% of the stock is currently owned by corporate insiders.

Mercury Systems Trading Down 1.0%

Shares of Mercury Systems stock opened at $100.02 on Thursday. Mercury Systems Inc has a 52-week low of $39.42 and a 52-week high of $103.84. The firm has a market capitalization of $6.01 billion, a PE ratio of -175.47, a price-to-earnings-growth ratio of 4.48 and a beta of 0.78. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.37 and a quick ratio of 2.31. The company’s fifty day moving average price is $80.46 and its two-hundred day moving average price is $72.88.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.18. The company had revenue of $225.21 million during the quarter, compared to the consensus estimate of $207.28 million. Mercury Systems had a negative net margin of 3.53% and a positive return on equity of 1.14%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the firm earned $0.04 EPS. On average, analysts expect that Mercury Systems Inc will post -0.08 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Truist Financial set a $102.00 price objective on Mercury Systems in a research report on Friday, January 9th. Royal Bank Of Canada set a $95.00 price target on Mercury Systems and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Mercury Systems in a research note on Thursday, January 22nd. Raymond James Financial reiterated a “strong-buy” rating and set a $100.00 target price on shares of Mercury Systems in a research note on Wednesday, November 5th. Finally, Wall Street Zen downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $83.25.

About Mercury Systems

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.