Emerald Advisers LLC Grows Holdings in Mercury Systems Inc $MRCY

Emerald Advisers LLC boosted its holdings in shares of Mercury Systems Inc (NASDAQ:MRCY) by 16.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 533,092 shares of the technology company’s stock after purchasing an additional 76,379 shares during the period. Mercury Systems makes up 1.3% of Emerald Advisers LLC’s investment portfolio, making the stock its 19th largest holding. Emerald Advisers LLC owned about 0.89% of Mercury Systems worth $41,261,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MRCY. Nisa Investment Advisors LLC grew its holdings in shares of Mercury Systems by 10.3% during the third quarter. Nisa Investment Advisors LLC now owns 1,941 shares of the technology company’s stock worth $150,000 after buying an additional 181 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of Mercury Systems by 53.2% in the second quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock valued at $32,000 after purchasing an additional 208 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Mercury Systems by 1.8% during the third quarter. Oregon Public Employees Retirement Fund now owns 11,871 shares of the technology company’s stock worth $919,000 after purchasing an additional 209 shares during the last quarter. Brevan Howard Capital Management LP lifted its holdings in shares of Mercury Systems by 0.9% during the second quarter. Brevan Howard Capital Management LP now owns 22,861 shares of the technology company’s stock worth $1,231,000 after purchasing an additional 211 shares during the period. Finally, Cerity Partners LLC grew its position in Mercury Systems by 0.4% in the 2nd quarter. Cerity Partners LLC now owns 57,552 shares of the technology company’s stock valued at $3,100,000 after buying an additional 218 shares during the last quarter. 95.99% of the stock is owned by hedge funds and other institutional investors.

Mercury Systems Stock Up 2.5%

MRCY opened at $99.57 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.31 and a current ratio of 3.37. The company has a market cap of $5.98 billion, a price-to-earnings ratio of -174.68, a PEG ratio of 4.30 and a beta of 0.78. Mercury Systems Inc has a one year low of $39.42 and a one year high of $103.84. The business’s fifty day moving average is $77.41 and its two-hundred day moving average is $71.20.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.18. Mercury Systems had a positive return on equity of 1.14% and a negative net margin of 3.53%.The business had revenue of $225.21 million during the quarter, compared to the consensus estimate of $207.28 million. During the same quarter in the previous year, the company posted $0.04 EPS. The business’s revenue was up 10.2% on a year-over-year basis. Analysts anticipate that Mercury Systems Inc will post -0.08 EPS for the current fiscal year.

Insider Buying and Selling at Mercury Systems

In related news, Director Debora A. Plunkett sold 1,700 shares of Mercury Systems stock in a transaction that occurred 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 in the company, valued at $1,245,473.67. The trade was a 9.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Douglas Munro sold 1,329 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $73.42, for a total value of $97,575.18. Following the completion of the sale, the chief accounting officer directly owned 14,678 shares in the company, valued at approximately $1,077,658.76. The trade was a 8.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,003,029 shares of company stock valued at $75,673,358 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on MRCY shares. Canaccord Genuity Group started coverage on shares of Mercury Systems in a research note on Thursday, October 2nd. They issued a “buy” rating and a $88.00 target price for the company. UBS Group set a $88.00 price objective on Mercury Systems in a report on Thursday, October 2nd. The Goldman Sachs Group increased their target price on Mercury Systems from $49.00 to $55.00 and gave the stock a “sell” rating in a research note on Tuesday. Royal Bank Of Canada set a $95.00 price objective on Mercury Systems and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Finally, Truist Financial set a $102.00 target price on Mercury Systems in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $83.25.

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.