Emerald Mutual Fund Advisers Trust Boosts Stake in Mercury Systems Inc $MRCY

Emerald Mutual Fund Advisers Trust increased its stake in Mercury Systems Inc (NASDAQ:MRCY) by 27.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 336,058 shares of the technology company’s stock after acquiring an additional 72,840 shares during the period. Mercury Systems comprises approximately 1.3% of Emerald Mutual Fund Advisers Trust’s portfolio, making the stock its 19th largest position. Emerald Mutual Fund Advisers Trust owned about 0.56% of Mercury Systems worth $26,011,000 as of its most recent filing with the SEC.

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

Insider Activity at Mercury Systems

In other Mercury Systems news, CAO Douglas Munro sold 1,329 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer directly owned 14,678 shares in the company, valued at approximately $1,077,658.76. This represents a 8.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Debora A. Plunkett sold 1,700 shares of Mercury Systems stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $73.99, for a total transaction of $125,783.00. Following the sale, 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,003,029 shares of company stock worth $75,673,358 over the last quarter. 1.40% of the stock is owned by corporate insiders.

Mercury Systems Stock Performance

Mercury Systems stock opened at $99.48 on Friday. 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 firm has a market cap of $5.98 billion, a P/E ratio of -174.53, a P/E/G ratio of 4.41 and a beta of 0.78. Mercury Systems Inc has a 1-year low of $39.42 and a 1-year high of $103.84. The firm has a 50-day moving average of $77.98 and a 200-day moving average of $71.39.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $225.21 million for the quarter, compared to the consensus estimate of $207.28 million. During the same quarter in the previous year, the business earned $0.04 EPS. Mercury Systems’s revenue was up 10.2% compared to the same quarter last year. Sell-side analysts expect that Mercury Systems Inc will post -0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MRCY shares. The Goldman Sachs Group upped their price objective on shares of Mercury Systems from $49.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday. Royal Bank Of Canada set a $95.00 price target on shares of Mercury Systems and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Canaccord Genuity Group began coverage on Mercury Systems in a report on Thursday, October 2nd. They issued a “buy” rating and a $88.00 price objective on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Mercury Systems in a report on Wednesday, October 8th. Finally, UBS Group set a $88.00 price target on Mercury Systems in a research note on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $83.25.

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.