Axiom Investors LLC DE Invests $2.91 Million in Mercury Systems Inc $MRCY

Key Points

• Axiom Investors LLC DE has purchased 67,625 shares of Mercury Systems Inc, totaling approximately $2.91 million, giving the firm a 0.11% stake in the company.
• Mercury Systems reported better-than-expected earnings with $0.47 earnings per share for the last quarter, significantly surpassing the analysts' consensus estimate of $0.21.
• Institutional investors currently own about 95.99% of Mercury Systems shares, indicating strong institutional support for the company.

Axiom Investors LLC DE acquired a new position in Mercury Systems Inc (NASDAQ:MRCY - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 67,625 shares of the technology company's stock, valued at approximately $2,914,000. Axiom Investors LLC DE owned 0.11% of Mercury Systems at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN raised its position in Mercury Systems by 12.7% in the 4th quarter. Wells Fargo & Company MN now owns 44,685 shares of the technology company's stock worth $1,877,000 after purchasing an additional 5,038 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Mercury Systems during the 4th quarter valued at about $4,258,000. Dimensional Fund Advisors LP boosted its stake in shares of Mercury Systems by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,202,124 shares of the technology company's stock valued at $92,490,000 after purchasing an additional 52,725 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in Mercury Systems during the 4th quarter valued at about $460,000. Finally, Northern Trust Corp lifted its position in Mercury Systems by 2.9% during the 4th quarter. Northern Trust Corp now owns 593,455 shares of the technology company's stock valued at $24,925,000 after acquiring an additional 16,674 shares during the period. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Mercury Systems

In other Mercury Systems news, EVP Stuart Kupinsky sold 1,220 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $64.46, for a total value of $78,641.20. Following the transaction, the executive vice president owned 70,297 shares of the company's stock, valued at $4,531,344.62. This represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Steven Ratner sold 7,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $63.76, for a total transaction of $446,320.00. Following the completion of the sale, the executive vice president directly owned 33,801 shares in the company, valued at approximately $2,155,151.76. This trade represents a 17.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 850,752 shares of company stock valued at $55,622,679 in the last three months. 1.60% of the stock is currently owned by corporate insiders.

Mercury Systems Stock Down 1.4%

NASDAQ MRCY traded down $0.95 during trading on Friday, reaching $67.55. 305,785 shares of the company's stock traded hands, compared to its average volume of 812,367. Mercury Systems Inc has a 12-month low of $32.32 and a 12-month high of $69.95. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of -102.35, a price-to-earnings-growth ratio of 2.78 and a beta of 0.72. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.52 and a quick ratio of 2.41. The company's 50 day simple moving average is $56.24 and its two-hundred day simple moving average is $50.11.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.26. The company had revenue of $273.11 million during the quarter, compared to analyst estimates of $244.56 million. Mercury Systems had a negative net margin of 4.16% and a positive return on equity of 0.58%. Mercury Systems's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $0.23 EPS. As a group, sell-side analysts forecast that Mercury Systems Inc will post -0.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on MRCY. Royal Bank Of Canada lifted their target price on shares of Mercury Systems from $50.00 to $55.00 and gave the stock a "sector perform" rating in a report on Thursday, July 3rd. Truist Financial boosted their price objective on shares of Mercury Systems from $60.00 to $71.00 and gave the company a "buy" rating in a research report on Tuesday, August 12th. Robert W. Baird boosted their price objective on shares of Mercury Systems from $58.00 to $70.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Zacks Research upgraded shares of Mercury Systems from a "strong sell" rating to a "strong-buy" rating in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. upped their target price on shares of Mercury Systems from $56.00 to $68.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 12th. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Mercury Systems currently has a consensus rating of "Moderate Buy" and an average price target of $60.71.

About Mercury Systems

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.