SG Americas Securities LLC Has $1.62 Million Stock Position in Mercury Systems Inc $MRCY

SG Americas Securities LLC grew its position in Mercury Systems Inc (NASDAQ:MRCY) by 100.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,227 shares of the technology company’s stock after purchasing an additional 11,123 shares during the quarter. SG Americas Securities LLC’s holdings in Mercury Systems were worth $1,623,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Mercury Systems by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 5,731,033 shares of the technology company’s stock worth $443,582,000 after buying an additional 221,093 shares in the last quarter. State Street Corp increased its stake in shares of Mercury Systems by 8.7% in the 2nd quarter. State Street Corp now owns 3,246,573 shares of the technology company’s stock valued at $174,860,000 after acquiring an additional 259,388 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Mercury Systems by 96.3% during the 3rd quarter. First Trust Advisors LP now owns 1,532,822 shares of the technology company’s stock valued at $118,640,000 after acquiring an additional 751,813 shares during the period. Invesco Ltd. boosted its stake in Mercury Systems by 161.7% during the third quarter. Invesco Ltd. now owns 1,527,443 shares of the technology company’s stock worth $118,224,000 after acquiring an additional 943,736 shares in the last quarter. Finally, Bamco Inc. NY boosted its stake in Mercury Systems by 4.9% during the third quarter. Bamco Inc. NY now owns 1,295,284 shares of the technology company’s stock worth $100,255,000 after acquiring an additional 60,483 shares in the last quarter. 95.99% of the stock is currently owned by institutional investors and hedge funds.

Mercury Systems Stock Up 2.1%

Shares of NASDAQ:MRCY opened at $75.75 on Tuesday. The business’s 50 day moving average is $83.79 and its 200 day moving average is $80.13. Mercury Systems Inc has a 12-month low of $39.89 and a 12-month high of $103.84. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of -142.92, a PEG ratio of 7.19 and a beta of 0.84. The company has a quick ratio of 2.04, a current ratio of 2.96 and a debt-to-equity ratio of 0.41.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MRCY. The Goldman Sachs Group increased their price objective on shares of Mercury Systems from $49.00 to $55.00 and gave the stock a “sell” rating in a research report on Tuesday, January 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mercury Systems in a research note on Thursday, January 22nd. Canaccord Genuity Group set a $102.00 price target on Mercury Systems in a report on Wednesday, February 4th. Royal Bank Of Canada reissued an “outperform” rating and issued a $105.00 price objective on shares of Mercury Systems in a research note on Wednesday, February 4th. Finally, Jefferies Financial Group restated a “hold” rating and set a $85.00 price objective on shares of Mercury Systems in a report on Sunday, February 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Mercury Systems has a consensus rating of “Hold” and a consensus price target of $86.89.

Insider Buying and Selling at Mercury Systems

In other news, EVP Stuart Kupinsky sold 2,287 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $83.56, for a total transaction of $191,101.72. Following the completion of the transaction, the executive vice president owned 68,010 shares of the company’s stock, valued at approximately $5,682,915.60. The trade was a 3.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Douglas Munro sold 582 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $83.56, for a total transaction of $48,631.92. Following the completion of the transaction, the chief accounting officer directly owned 14,328 shares of the company’s stock, valued at approximately $1,197,247.68. This represents a 3.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 859,758 shares of company stock valued at $74,481,931 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

About Mercury Systems

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.