Mercury Systems Inc (NASDAQ:MRCY) Short Interest Update

Mercury Systems Inc (NASDAQ:MRCY) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 3,828,163 shares, a drop of 25.2% from the January 15th total of 5,120,404 shares. Approximately 6.5% of the shares of the company are sold short. Based on an average daily volume of 658,591 shares, the short-interest ratio is presently 5.8 days. Based on an average daily volume of 658,591 shares, the short-interest ratio is presently 5.8 days. Approximately 6.5% of the shares of the company are sold short.

Insiders Place Their Bets

In other news, Director Jana Partners Management, Lp sold 400,000 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $81.00, for a total value of $32,400,000.00. Following the sale, the director owned 4,566,675 shares of the company’s stock, valued at approximately $369,900,675. The trade was a 8.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Signaturefd LLC raised its stake in Mercury Systems by 15.4% during the fourth quarter. Signaturefd LLC now owns 804 shares of the technology company’s stock worth $59,000 after buying an additional 107 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Mercury Systems by 2.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,175 shares of the technology company’s stock worth $555,000 after acquiring an additional 142 shares during the period. AlphaQuest LLC grew its holdings in Mercury Systems by 41.9% during the 3rd quarter. AlphaQuest LLC now owns 569 shares of the technology company’s stock worth $44,000 after acquiring an additional 168 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Mercury Systems by 10.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,941 shares of the technology company’s stock worth $150,000 after acquiring an additional 181 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Mercury Systems by 11.3% in the 4th quarter. GAMMA Investing LLC now owns 1,781 shares of the technology company’s stock valued at $130,000 after purchasing an additional 181 shares during the period. Institutional investors own 95.99% of the company’s stock.

Mercury Systems Price Performance

Shares of NASDAQ MRCY traded up $2.11 during midday trading on Monday, reaching $82.36. 363,449 shares of the company were exchanged, compared to its average volume of 742,378. The stock’s 50-day moving average price is $84.92 and its 200-day moving average price is $76.14. The stock has a market cap of $4.94 billion, a P/E ratio of -155.40, a PEG ratio of 6.82 and a beta of 0.75. The company has a quick ratio of 2.04, a current ratio of 2.96 and a debt-to-equity ratio of 0.41. Mercury Systems has a one year low of $39.89 and a one year high of $103.84.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MRCY shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $105.00 price target on shares of Mercury Systems in a report on Wednesday, February 4th. Canaccord Genuity Group set a $102.00 target price on shares of Mercury Systems in a research note on Wednesday, February 4th. The Goldman Sachs Group raised their target price on shares of Mercury Systems from $49.00 to $55.00 and gave the stock a “sell” rating in a report on Tuesday, January 20th. Truist Financial upped their price target on Mercury Systems from $102.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $85.00 price objective on shares of Mercury Systems in a research note on Sunday, February 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $86.89.

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.