Mercury Systems Inc (NASDAQ:MRCY) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in Mercury Systems Inc (NASDAQ:MRCY) by 2.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 18,843 shares of the technology company’s stock after selling 473 shares during the period. Yousif Capital Management LLC’s holdings in Mercury Systems were worth $812,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of MRCY. Sterling Capital Management LLC raised its stake in Mercury Systems by 762.6% during the fourth quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company’s stock worth $69,000 after acquiring an additional 1,449 shares during the period. GAMMA Investing LLC grew its holdings in shares of Mercury Systems by 6,776.2% during the first quarter. GAMMA Investing LLC now owns 45,589 shares of the technology company’s stock valued at $1,964,000 after purchasing an additional 44,926 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Mercury Systems during the 4th quarter worth approximately $241,000. Principal Financial Group Inc. raised its position in shares of Mercury Systems by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 245,880 shares of the technology company’s stock worth $10,327,000 after purchasing an additional 7,512 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Mercury Systems by 16.7% in the 4th quarter. Victory Capital Management Inc. now owns 2,060,131 shares of the technology company’s stock worth $86,526,000 after purchasing an additional 294,747 shares during the last quarter. 95.99% of the stock is owned by institutional investors and hedge funds.

Mercury Systems Stock Down 1.7%

Shares of Mercury Systems stock opened at $51.43 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.44 and a quick ratio of 2.25. Mercury Systems Inc has a 1-year low of $26.48 and a 1-year high of $54.32. The business’s fifty day moving average price is $49.09 and its two-hundred day moving average price is $45.00. The company has a market capitalization of $3.07 billion, a P/E ratio of -45.92 and a beta of 0.68.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $211.36 million for the quarter, compared to analyst estimates of $204.25 million. Mercury Systems had a negative return on equity of 0.77% and a negative net margin of 7.33%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company earned ($0.26) earnings per share. As a group, research analysts forecast that Mercury Systems Inc will post -0.08 EPS for the current year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Mercury Systems news, Director Jana Partners Management, Lp sold 88,152 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $46.27, for a total transaction of $4,078,793.04. Following the completion of the transaction, the director now directly owns 6,861,313 shares of the company’s stock, valued at approximately $317,472,952.51. This trade represents a 1.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Steven Ratner sold 3,892 shares of Mercury Systems stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $47.70, for a total value of $185,648.40. Following the transaction, the executive vice president now owns 56,187 shares in the company, valued at approximately $2,680,119.90. This trade represents a 6.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 93,883 shares of company stock worth $4,362,791. 1.60% of the stock is owned by corporate insiders.

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.