Corient Private Wealth LLC Raises Position in Mercury Systems Inc $MRCY

Corient Private Wealth LLC lifted its position in shares of Mercury Systems Inc (NASDAQ:MRCY) by 132.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,690 shares of the technology company’s stock after acquiring an additional 8,365 shares during the quarter. Corient Private Wealth LLC’s holdings in Mercury Systems were worth $791,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MRCY. Osaic Holdings Inc. boosted its holdings in Mercury Systems by 53.2% in the 2nd quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock valued at $32,000 after purchasing an additional 208 shares in the last quarter. Quaker Wealth Management LLC raised its stake in shares of Mercury Systems by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 644 shares of the technology company’s stock worth $35,000 after buying an additional 1,288 shares in the last quarter. Federated Hermes Inc. acquired a new stake in shares of Mercury Systems in the 2nd quarter valued at approximately $43,000. EverSource Wealth Advisors LLC boosted its stake in shares of Mercury Systems by 33.7% in the second quarter. EverSource Wealth Advisors LLC now owns 929 shares of the technology company’s stock valued at $50,000 after buying an additional 234 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC acquired a new position in Mercury Systems during the second quarter worth $59,000. 95.99% of the stock is owned by hedge funds and other institutional investors.

Mercury Systems Stock Performance

Shares of MRCY opened at $74.22 on Friday. Mercury Systems Inc has a 12-month low of $39.42 and a 12-month high of $85.33. The stock has a market cap of $4.46 billion, a P/E ratio of -130.21, a PEG ratio of 3.31 and a beta of 0.84. The company has a current ratio of 3.37, a quick ratio of 2.31 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average of $72.89 and a two-hundred day moving average of $66.36.

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

Wall Street Analysts Forecast Growth

MRCY has been the subject of a number of recent analyst reports. UBS Group set a $88.00 target price on Mercury Systems in a report on Thursday, October 2nd. Royal Bank Of Canada set a $95.00 price objective on shares of Mercury Systems and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Mercury Systems in a report on Wednesday, October 8th. Wall Street Zen cut shares of Mercury Systems from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Finally, Zacks Research downgraded shares of Mercury Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.00.

Insider Transactions at Mercury Systems

In other news, Director Jana Partners Management, Lp sold 1,000,000 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was 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 in the company, valued at $374,735,628.75. This represents a 16.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Douglas Munro sold 1,329 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $73.42, for a total transaction of $97,575.18. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,003,029 shares of company stock valued at $75,673,358 over the last three months. 1.40% of the stock is currently owned by insiders.

Mercury Systems Profile

Mercury Systems, Inc (NASDAQ: MRCY) is a technology company that designs, manufactures and markets secure processing subsystems for aerospace and defense applications. The company’s products are built to address the stringent security, safety and reliability requirements of mission-critical programs, with a focus on radar, electronic warfare, intelligence and other sensor and processing functions. Mercury’s offerings encompass rugged embedded computing modules, high-performance radio frequency (RF) and microwave components, digital signal processing subsystems and secure networking solutions.

Since its origins in advanced signal processing, Mercury Systems has expanded its capabilities through a combination of internal development and targeted acquisitions.