SG Americas Securities LLC Makes New $1.06 Million Investment in Mercury Systems Inc (NASDAQ:MRCY)

SG Americas Securities LLC bought a new stake in shares of Mercury Systems Inc (NASDAQ:MRCY) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 24,504 shares of the technology company’s stock, valued at approximately $1,056,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Neo Ivy Capital Management bought a new stake in Mercury Systems in the fourth quarter worth $33,000. GAMMA Investing LLC grew its stake in shares of Mercury Systems by 59.6% in the 1st quarter. GAMMA Investing LLC now owns 1,058 shares of the technology company’s stock worth $46,000 after buying an additional 395 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of Mercury Systems by 762.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company’s stock worth $69,000 after buying an additional 1,449 shares during the last quarter. Cibc World Markets Corp purchased a new stake in shares of Mercury Systems during the 4th quarter valued at about $204,000. Finally, Captrust Financial Advisors purchased a new stake in shares of Mercury Systems during the 4th quarter valued at about $212,000. 95.99% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Steven Ratner sold 3,892 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $47.70, for a total transaction of $185,648.40. Following the transaction, the executive vice president now owns 56,187 shares of the company’s stock, valued at approximately $2,680,119.90. This represents a 6.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jana Partners Management, Lp sold 88,152 shares of Mercury Systems stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $46.27, for a total value of $4,078,793.04. Following the completion of the sale, the director now owns 6,861,313 shares of the company’s stock, valued at $317,472,952.51. The trade was a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Mercury Systems Trading Up 5.6%

Shares of NASDAQ MRCY opened at $52.32 on Wednesday. The business’s 50 day moving average price is $48.82 and its 200-day moving average price is $44.88. Mercury Systems Inc has a fifty-two week low of $26.48 and a fifty-two week high of $54.32. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.25 and a current ratio of 3.44. The company has a market cap of $3.13 billion, a price-to-earnings ratio of -46.71 and a beta of 0.68.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $211.36 million for the quarter, compared to the consensus estimate of $204.25 million. Mercury Systems had a negative net margin of 7.33% and a negative return on equity of 0.77%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.26) EPS. On average, sell-side analysts expect that Mercury Systems Inc will post -0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

MRCY has been the subject of several recent research reports. The Goldman Sachs Group lifted their price target on Mercury Systems from $30.00 to $33.00 and gave the stock a “sell” rating in a research report on Monday, May 12th. Truist Financial lifted their target price on Mercury Systems from $56.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, June 2nd. Royal Bank Of Canada increased their price target on Mercury Systems from $48.00 to $50.00 and gave the company a “sector perform” rating in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Mercury Systems from $48.00 to $56.00 and gave the stock a “neutral” rating in a research note on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $49.57.

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.