Dimensional Fund Advisors LP Reduces Stock Holdings in Mercury Systems Inc $MRCY

Dimensional Fund Advisors LP lessened its position in shares of Mercury Systems Inc (NASDAQ:MRCY) by 4.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,743,814 shares of the technology company’s stock after selling 87,561 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.90% of Mercury Systems worth $134,960,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Loomis Sayles & Co. L P boosted its stake in shares of Mercury Systems by 321.7% during the second quarter. Loomis Sayles & Co. L P now owns 992,610 shares of the technology company’s stock valued at $53,462,000 after acquiring an additional 757,216 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Mercury Systems by 287.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 693,867 shares of the technology company’s stock valued at $56,328,000 after purchasing an additional 514,756 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Mercury Systems by 51.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 855,441 shares of the technology company’s stock valued at $36,861,000 after purchasing an additional 290,989 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Mercury Systems by 118,133.6% in the 3rd quarter. Bessemer Group Inc. now owns 274,302 shares of the technology company’s stock valued at $21,232,000 after purchasing an additional 274,070 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Mercury Systems by 8.7% during the 2nd quarter. State Street Corp now owns 3,246,573 shares of the technology company’s stock worth $174,860,000 after purchasing an additional 259,388 shares during the last quarter. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $105.00 price target on shares of Mercury Systems in a report on Wednesday, February 4th. Truist Financial upped their price objective on shares of Mercury Systems from $102.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Mercury Systems in a research report on Thursday, January 22nd. Canaccord Genuity Group set a $102.00 target price on shares of Mercury Systems in a research note on Wednesday, February 4th. Finally, The Goldman Sachs Group boosted their price target on Mercury Systems from $49.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $86.89.

Mercury Systems Stock Down 2.8%

MRCY opened at $86.87 on Wednesday. Mercury Systems Inc has a 12 month low of $39.89 and a 12 month high of $103.84. The business has a 50-day moving average of $89.59 and a two-hundred day moving average of $79.21. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.96 and a quick ratio of 2.04. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of -163.91, a price-to-earnings-growth ratio of 8.66 and a beta of 0.77.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.09. Mercury Systems had a negative net margin of 3.23% and a positive return on equity of 1.28%. The business had revenue of $232.87 million for the quarter, compared to analyst estimates of $209.96 million. During the same period in the prior year, the firm posted $0.07 EPS. The company’s revenue was up 4.4% on a year-over-year basis. On average, research analysts expect that Mercury Systems Inc will post -0.08 earnings per share for the current year.

Insider Activity at Mercury Systems

In other Mercury Systems news, Director Howard L. Lance sold 4,832 shares of Mercury Systems stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $88.98, for a total value of $429,951.36. Following the transaction, the director owned 27,272 shares in the company, valued at $2,426,662.56. This trade represents a 15.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Douglas Munro sold 582 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $83.56, for a total value of $48,631.92. Following the sale, the chief accounting officer owned 14,328 shares of the company’s stock, valued at approximately $1,197,247.68. The trade was a 3.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 859,758 shares of company stock worth $74,481,931. Company insiders own 1.40% of the company’s stock.

Mercury Systems Company 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.