Raymond James & Associates Raises Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Raymond James & Associates grew its holdings in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 40.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,454 shares of the technology company's stock after purchasing an additional 26,718 shares during the period. Raymond James & Associates owned approximately 0.16% of Mercury Systems worth $3,458,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MRCY. Texas Permanent School Fund Corp increased its holdings 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 purchasing an additional 514 shares in the last quarter. Staley Capital Advisers Inc. lifted its position in shares of Mercury Systems by 37.6% during the 1st quarter. Staley Capital Advisers Inc. now owns 449,360 shares of the technology company's stock valued at $13,256,000 after acquiring an additional 122,829 shares during the period. Duality Advisers LP boosted its stake in shares of Mercury Systems by 38.2% during the 1st quarter. Duality Advisers LP now owns 29,311 shares of the technology company's stock worth $865,000 after acquiring an additional 8,106 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of Mercury Systems by 1.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 29,782 shares of the technology company's stock worth $879,000 after acquiring an additional 450 shares during the period. Finally, Sei Investments Co. increased its stake in Mercury Systems by 27.0% in the 1st quarter. Sei Investments Co. now owns 216,956 shares of the technology company's stock valued at $6,400,000 after purchasing an additional 46,132 shares in the last quarter. Institutional investors and hedge funds own 95.99% of the company's stock.

Mercury Systems Trading Up 0.2 %

MRCY stock traded up $0.07 during midday trading on Monday, hitting $33.25. The stock had a trading volume of 369,236 shares, compared to its average volume of 580,419. The company's 50-day moving average price is $36.04 and its 200 day moving average price is $33.02. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.07 and a quick ratio of 2.64. The firm has a market cap of $1.98 billion, a PE ratio of -13.88 and a beta of 0.71. Mercury Systems, Inc. has a 12-month low of $25.31 and a 12-month high of $42.72.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.09 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $248.56 million during the quarter, compared to the consensus estimate of $223.80 million. On average, equities research analysts predict that Mercury Systems, Inc. will post -0.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Charles Roger Iv Wells sold 1,346 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $39.49, for a total value of $53,153.54. Following the transaction, the chief operating officer now directly owns 130,408 shares of the company's stock, valued at approximately $5,149,811.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Mercury Systems news, Director Jana Partners Management, Lp purchased 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 transaction, the director now directly owns 6,944,633 shares in the company, valued at approximately $258,687,579.25. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Charles Roger Iv Wells sold 1,346 shares of the business's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $39.49, for a total transaction of $53,153.54. Following the sale, the chief operating officer now owns 130,408 shares of the company's stock, valued at approximately $5,149,811.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,099 shares of company stock valued at $865,740. Insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. 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. Robert W. Baird increased their price objective on shares of Mercury Systems from $26.00 to $37.00 and gave the company a "neutral" rating in a research note on Wednesday, August 14th. StockNews.com upgraded shares of Mercury Systems from a "sell" rating to a "hold" rating in a research report on Saturday, October 5th. Truist Financial increased their price target on shares of Mercury Systems from $26.00 to $31.00 and gave the company a "hold" rating in a research report on Wednesday, August 14th. Finally, Alembic Global Advisors upgraded Mercury Systems from a "neutral" rating to an "overweight" rating and set a $48.00 price objective for the company in a research report on Monday, August 19th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Mercury Systems has a consensus rating of "Hold" and an average price target of $33.50.

Mercury Systems 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.