Mercury Systems Inc $MRCY Shares Purchased by Bamco Inc. NY

Bamco Inc. NY boosted its stake in Mercury Systems Inc (NASDAQ:MRCY) by 3.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,234,801 shares of the technology company’s stock after buying an additional 38,755 shares during the quarter. Bamco Inc. NY owned approximately 2.06% of Mercury Systems worth $66,506,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE lifted its position in shares of Mercury Systems by 17.8% in the second quarter. Bank of America Corp DE now owns 300,540 shares of the technology company’s stock valued at $16,187,000 after acquiring an additional 45,460 shares in the last quarter. Ameriprise Financial Inc. increased its position in Mercury Systems by 10.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 415,809 shares of the technology company’s stock worth $22,395,000 after purchasing an additional 38,995 shares in the last quarter. California State Teachers Retirement System raised its stake in Mercury Systems by 0.9% in the 2nd quarter. California State Teachers Retirement System now owns 46,848 shares of the technology company’s stock valued at $2,523,000 after purchasing an additional 416 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Mercury Systems by 10.1% in the 2nd quarter. Raymond James Financial Inc. now owns 166,478 shares of the technology company’s stock valued at $8,966,000 after purchasing an additional 15,327 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in Mercury Systems by 0.7% in the 2nd quarter. Quantinno Capital Management LP now owns 38,493 shares of the technology company’s stock valued at $2,073,000 after purchasing an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Mercury Systems Stock Down 2.8%

Shares of MRCY opened at $74.49 on Friday. The firm has a market cap of $4.48 billion, a PE ratio of -130.68, a price-to-earnings-growth ratio of 3.39 and a beta of 0.84. The company’s fifty day moving average is $74.18 and its two-hundred day moving average is $64.83. Mercury Systems Inc has a fifty-two week low of $37.50 and a fifty-two week high of $85.33. The company has a quick ratio of 2.31, a current ratio of 3.37 and a debt-to-equity ratio of 0.40.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, June 7th. The technology company reported $0.64 EPS for the quarter. Mercury Systems had a positive return on equity of 1.14% and a negative net margin of 3.53%.The business had revenue of $256.86 million during the quarter. Analysts forecast that Mercury Systems Inc will post -0.08 earnings per share for the current year.

Insider Transactions at Mercury Systems

In other news, CAO Douglas Munro sold 1,329 shares of Mercury Systems stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $73.42, for a total value of $97,575.18. Following the transaction, the chief accounting officer directly owned 14,678 shares of the company’s stock, valued at $1,077,658.76. The trade was a 8.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Debora A. Plunkett sold 1,700 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $73.99, for a total value of $125,783.00. Following the sale, the director owned 16,833 shares of the company’s stock, valued at $1,245,473.67. The trade was a 9.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,003,096 shares of company stock worth $75,678,276 in the last three months. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MRCY shares. Royal Bank Of Canada set a $95.00 price target on shares of Mercury Systems and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Truist Financial lifted their target price on shares of Mercury Systems from $71.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. UBS Group set a $88.00 price target on Mercury Systems in a report on Thursday, October 2nd. Canaccord Genuity Group started coverage on Mercury Systems in a report on Thursday, October 2nd. They set a “buy” rating and a $88.00 price objective on the stock. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $100.00 price objective on shares of Mercury Systems in a research report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $81.00.

Mercury Systems Company 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.