Yousif Capital Management LLC Boosts Holdings in Mercury Systems, Inc. (NASDAQ:MRCY)

Yousif Capital Management LLC grew its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,887 shares of the technology company’s stock after acquiring an additional 475 shares during the quarter. Yousif Capital Management LLC’s holdings in Mercury Systems were worth $947,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. VisionPoint Advisory Group LLC increased its position in Mercury Systems by 110.9% during the third quarter. VisionPoint Advisory Group LLC now owns 715 shares of the technology company’s stock worth $27,000 after purchasing an additional 376 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Mercury Systems in the 4th quarter worth $169,000. Gabelli Funds LLC purchased a new position in shares of Mercury Systems in the 3rd quarter worth $264,000. Landscape Capital Management L.L.C. acquired a new position in Mercury Systems in the third quarter valued at $275,000. Finally, Sasco Capital Inc. CT purchased a new stake in Mercury Systems during the third quarter valued at about $341,000. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Truist Financial lowered Mercury Systems from a “buy” rating to a “hold” rating and reduced their price objective for the company from $48.00 to $28.00 in a research note on Wednesday, February 7th. The Goldman Sachs Group decreased their price objective on shares of Mercury Systems from $24.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, February 8th. Finally, Royal Bank of Canada reduced their target price on shares of Mercury Systems from $35.00 to $30.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 7th. Four analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $29.88.

Insider Activity at Mercury Systems

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

Mercury Systems Stock Down 1.0 %

Shares of Mercury Systems stock opened at $29.04 on Friday. Mercury Systems, Inc. has a 1-year low of $25.31 and a 1-year high of $43.84. The company has a market capitalization of $1.72 billion, a PE ratio of -19.49 and a beta of 0.68. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.36 and a quick ratio of 2.79. The business has a 50-day moving average of $28.84 and a 200-day moving average of $31.96.

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

About Mercury Systems

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.