92,800 Shares in Mercury Systems Inc $MRCY Purchased by Castleark Management LLC

Castleark Management LLC acquired a new stake in Mercury Systems Inc (NASDAQ:MRCY) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 92,800 shares of the technology company’s stock, valued at approximately $4,998,000. Castleark Management LLC owned approximately 0.15% of Mercury Systems at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. US Bancorp DE lifted its holdings in Mercury Systems by 43.0% during the 1st quarter. US Bancorp DE now owns 2,489 shares of the technology company’s stock worth $107,000 after buying an additional 749 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Mercury Systems by 143.2% during the first quarter. PNC Financial Services Group Inc. now owns 5,966 shares of the technology company’s stock worth $257,000 after acquiring an additional 3,513 shares during the last quarter. Nuveen LLC acquired a new position in shares of Mercury Systems during the first quarter valued at $8,751,000. Russell Investments Group Ltd. boosted its holdings in Mercury Systems by 160.8% in the first quarter. Russell Investments Group Ltd. now owns 40,842 shares of the technology company’s stock valued at $1,760,000 after acquiring an additional 25,184 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Mercury Systems in the first quarter worth about $295,000. 95.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MRCY has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mercury Systems in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Mercury Systems from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Truist Financial upped their target price on shares of Mercury Systems from $71.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Canaccord Genuity Group initiated coverage on Mercury Systems in a research note on Thursday, October 2nd. They issued a “buy” rating and a $88.00 price target on the stock. Finally, UBS Group set a $88.00 price objective on Mercury Systems in a research note on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Mercury Systems presently has a consensus rating of “Moderate Buy” and an average price target of $81.00.

Insider Buying and Selling at Mercury Systems

In related news, Director Jana Partners Management, Lp sold 1,000,000 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $75.45, for a total value of $75,450,000.00. Following the sale, the director directly owned 4,966,675 shares of the company’s stock, valued at approximately $374,735,628.75. The trade was a 16.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Debora A. Plunkett sold 1,700 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $73.99, for a total transaction of $125,783.00. Following the completion of the transaction, the director directly owned 16,833 shares of the company’s stock, valued at approximately $1,245,473.67. The trade was a 9.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,003,096 shares of company stock valued at $75,678,276. 1.40% of the stock is currently owned by corporate insiders.

Mercury Systems Trading Down 2.8%

Shares of NASDAQ MRCY opened at $74.49 on Monday. Mercury Systems Inc has a twelve month low of $37.50 and a twelve month high of $85.33. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of -130.68, a P/E/G ratio of 3.30 and a beta of 0.84. The company has a quick ratio of 2.31, a current ratio of 3.37 and a debt-to-equity ratio of 0.40. The company’s fifty day moving average is $74.18 and its 200-day moving average is $65.06.

Mercury Systems (NASDAQ:MRCY) last issued 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 for the quarter. Equities research analysts predict that Mercury Systems Inc will post -0.08 EPS for the current 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.