Daiwa Securities Group Inc. Has $1.02 Million Stock Holdings in Mercury Systems, Inc. (NASDAQ:MRCY)

Daiwa Securities Group Inc. grew its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,911 shares of the technology company’s stock after purchasing an additional 357 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Mercury Systems were worth $1,021,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MRCY. JANA Partners Management LP acquired a new stake in shares of Mercury Systems during the third quarter valued at about $174,518,000. William Blair Investment Management LLC lifted its stake in shares of Mercury Systems by 25.6% in the third quarter. William Blair Investment Management LLC now owns 6,749,562 shares of the technology company’s stock worth $250,341,000 after acquiring an additional 1,376,905 shares during the period. Cooper Creek Partners Management LLC lifted its stake in shares of Mercury Systems by 118.8% in the third quarter. Cooper Creek Partners Management LLC now owns 870,936 shares of the technology company’s stock worth $32,303,000 after acquiring an additional 472,803 shares during the period. Vanguard Group Inc. lifted its stake in shares of Mercury Systems by 8.3% in the third quarter. Vanguard Group Inc. now owns 5,615,965 shares of the technology company’s stock worth $208,296,000 after acquiring an additional 429,532 shares during the period. Finally, Conestoga Capital Advisors LLC lifted its stake in shares of Mercury Systems by 13.4% in the fourth quarter. Conestoga Capital Advisors LLC now owns 2,450,459 shares of the technology company’s stock worth $89,613,000 after acquiring an additional 288,973 shares during the period. 95.99% of the stock is owned by institutional investors and hedge funds.

Mercury Systems Trading Up 3.8 %

Shares of MRCY stock opened at $28.48 on Thursday. The company has a market cap of $1.69 billion, a P/E ratio of -19.11 and a beta of 0.70. Mercury Systems, Inc. has a fifty-two week low of $25.31 and a fifty-two week high of $48.65. The stock has a 50 day simple moving average of $28.84 and a two-hundred day simple moving average of $32.45. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.79 and a current ratio of 4.36.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, February 6th. The technology company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.48). The firm had revenue of $197.46 million for the quarter, compared to the consensus estimate of $215.41 million. Mercury Systems had a negative net margin of 9.54% and a negative return on equity of 2.62%. Research analysts forecast that Mercury Systems, Inc. will post -1.4 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Barry R. Nearhos purchased 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average price of $27.15 per share, for a total transaction of $95,025.00. Following the completion of the acquisition, the director now owns 3,500 shares of the company’s stock, valued at approximately $95,025. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO William L. Ballhaus purchased 3,653 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average price of $28.22 per share, for a total transaction of $103,087.66. Following the completion of the acquisition, the chief executive officer now owns 3,653 shares of the company’s stock, valued at approximately $103,087.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barry R. Nearhos acquired 3,500 shares of the business’s stock in a transaction on Friday, February 9th. The stock was acquired at an average cost of $27.15 per share, for a total transaction of $95,025.00. Following the transaction, the director now owns 3,500 shares of the company’s stock, valued at approximately $95,025. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 14,133 shares of company stock worth $398,311 and sold 3,510 shares worth $103,685. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MRCY shares. Truist Financial lowered Mercury Systems from a “buy” rating to a “hold” rating and cut their price objective for the stock from $48.00 to $28.00 in a research note on Wednesday, February 7th. Jefferies Financial Group lowered Mercury Systems from a “hold” rating to an “underperform” rating and cut their price objective for the stock from $35.00 to $30.00 in a research note on Wednesday, January 3rd. The Goldman Sachs Group cut their price objective on Mercury Systems from $24.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, February 8th. Finally, Royal Bank of Canada cut their price objective on Mercury Systems from $35.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 7th. Four investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $29.88.

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.