Snyder Capital Management L P Has $60.48 Million Stake in Mercury Systems Inc $MRCY

Snyder Capital Management L P reduced its holdings in Mercury Systems Inc (NASDAQ:MRCY) by 18.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 781,404 shares of the technology company’s stock after selling 176,498 shares during the period. Snyder Capital Management L P’s holdings in Mercury Systems were worth $60,481,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MRCY. Cresset Asset Management LLC bought a new position in shares of Mercury Systems in the 3rd quarter valued at about $1,862,000. Picton Mahoney Asset Management bought a new position in Mercury Systems in the third quarter valued at approximately $367,000. Fisher Asset Management LLC increased its position in shares of Mercury Systems by 21.3% during the 3rd quarter. Fisher Asset Management LLC now owns 875,279 shares of the technology company’s stock worth $67,747,000 after purchasing an additional 153,946 shares during the last quarter. Journey Strategic Wealth LLC acquired a new position in shares of Mercury Systems during the 3rd quarter worth approximately $236,000. Finally, MGB Wealth Management LLC bought a new stake in shares of Mercury Systems during the 3rd quarter worth approximately $224,000. 95.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $105.00 target price on shares of Mercury Systems in a research note on Wednesday, February 4th. Canaccord Genuity Group set a $102.00 price target on shares of Mercury Systems in a research note on Wednesday, February 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Mercury Systems in a research note on Thursday, January 22nd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $100.00 target price on shares of Mercury Systems in a report on Wednesday, November 5th. Finally, The Goldman Sachs Group raised their target price on shares of Mercury Systems from $49.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Mercury Systems has a consensus rating of “Hold” and a consensus price target of $86.89.

Insider Transactions at Mercury Systems

In other news, Director Jana Partners Management, Lp sold 100,899 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $89.68, for a total value of $9,048,622.32. Following the transaction, the director owned 4,114,618 shares of the company’s stock, valued at approximately $368,998,942.24. This represents a 2.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stuart Kupinsky sold 2,287 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $83.56, for a total value of $191,101.72. Following the transaction, the executive vice president owned 68,010 shares in the company, valued at approximately $5,682,915.60. This trade represents a 3.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 859,758 shares of company stock worth $74,481,931. Insiders own 1.40% of the company’s stock.

Mercury Systems Price Performance

Shares of MRCY opened at $89.18 on Thursday. The firm has a market capitalization of $5.35 billion, a PE ratio of -168.26, a PEG ratio of 8.66 and a beta of 0.77. The company’s 50-day moving average is $88.59 and its 200-day moving average is $78.52. Mercury Systems Inc has a fifty-two week low of $39.89 and a fifty-two week high of $103.84. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.96 and a quick ratio of 2.04.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, February 3rd. The technology company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.07 by $0.09. Mercury Systems had a negative net margin of 3.23% and a positive return on equity of 1.28%. The business had revenue of $232.87 million during the quarter, compared to the consensus estimate of $209.96 million. During the same quarter in the previous year, the firm posted $0.07 EPS. Mercury Systems’s revenue was up 4.4% compared to the same quarter last year. Equities analysts forecast that Mercury Systems Inc will post -0.08 EPS for the current year.

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.