Deutsche Bank AG Has $2.42 Million Stock Holdings in Mercury Systems Inc $MRCY

Deutsche Bank AG decreased its stake in Mercury Systems Inc (NASDAQ:MRCY) by 62.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,234 shares of the technology company’s stock after selling 95,242 shares during the period. Deutsche Bank AG owned 0.09% of Mercury Systems worth $2,423,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MRCY. Wells Fargo & Company MN lifted its stake in shares of Mercury Systems by 12.7% in the 4th quarter. Wells Fargo & Company MN now owns 44,685 shares of the technology company’s stock valued at $1,877,000 after purchasing an additional 5,038 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Mercury Systems by 156,480.0% in the 4th quarter. Russell Investments Group Ltd. now owns 15,658 shares of the technology company’s stock valued at $658,000 after purchasing an additional 15,648 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Mercury Systems in the 4th quarter valued at about $4,258,000. Sterling Capital Management LLC lifted its stake 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 valued at $69,000 after purchasing an additional 1,449 shares during the period. Finally, Barclays PLC lifted its stake in shares of Mercury Systems by 9.7% in the 4th quarter. Barclays PLC now owns 192,597 shares of the technology company’s stock valued at $8,089,000 after purchasing an additional 17,035 shares during the period. 95.99% of the stock is owned by institutional investors and hedge funds.

Mercury Systems Stock Performance

Shares of Mercury Systems stock opened at $64.54 on Thursday. The company has a market cap of $3.87 billion, a PE ratio of -97.79, a price-to-earnings-growth ratio of 3.01 and a beta of 0.72. Mercury Systems Inc has a 52 week low of $32.32 and a 52 week high of $69.95. The business has a 50 day moving average price of $53.99 and a 200-day moving average price of $49.03. The company has a quick ratio of 2.41, a current ratio of 3.52 and a debt-to-equity ratio of 0.40.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Monday, August 11th. The technology company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.21 by $0.26. The firm had revenue of $273.11 million during the quarter, compared to the consensus estimate of $244.56 million. Mercury Systems had a positive return on equity of 0.58% and a negative net margin of 4.16%.The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 earnings per share. Equities analysts anticipate that Mercury Systems Inc will post -0.08 earnings per share for the current fiscal year.

Insider Activity at Mercury Systems

In related news, EVP Stuart Kupinsky sold 1,220 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $64.46, for a total transaction of $78,641.20. Following the completion of the sale, the executive vice president directly owned 70,297 shares of the company’s stock, valued at approximately $4,531,344.62. This trade represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William L. Ballhaus sold 13,050 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $64.46, for a total value of $841,203.00. Following the sale, the chief executive officer directly owned 374,976 shares of the company’s stock, valued at $24,170,952.96. The trade was a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 843,752 shares of company stock valued at $55,176,359 in the last ninety days. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Royal Bank Of Canada boosted their price objective on Mercury Systems from $50.00 to $55.00 and gave the company a “sector perform” rating in a research note on Thursday, July 3rd. Raymond James Financial raised Mercury Systems from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $55.00 to $80.00 in a research note on Tuesday, August 12th. The Goldman Sachs Group upped their price target on Mercury Systems from $35.00 to $39.00 and gave the stock a “sell” rating in a research note on Wednesday, August 13th. Robert W. Baird upped their price target on Mercury Systems from $58.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. Finally, JPMorgan Chase & Co. upped their price target on Mercury Systems from $56.00 to $68.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.71.

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.