Axiom Investors LLC DE acquired a new position in shares of Mercury Systems Inc (NASDAQ:MRCY - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 67,625 shares of the technology company's stock, valued at approximately $2,914,000. Axiom Investors LLC DE owned approximately 0.11% of Mercury Systems as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Algert Global LLC acquired a new stake in Mercury Systems during the first quarter valued at $1,976,000. Raymond James Financial Inc. boosted its position in Mercury Systems by 49.1% during the first quarter. Raymond James Financial Inc. now owns 151,151 shares of the technology company's stock valued at $6,513,000 after purchasing an additional 49,767 shares during the last quarter. American Century Companies Inc. boosted its position in Mercury Systems by 524.7% during the first quarter. American Century Companies Inc. now owns 62,882 shares of the technology company's stock valued at $2,710,000 after purchasing an additional 52,816 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Mercury Systems during the first quarter valued at about $295,000. Finally, Russell Investments Group Ltd. raised its holdings in Mercury Systems by 160.8% during the first quarter. Russell Investments Group Ltd. now owns 40,842 shares of the technology company's stock valued at $1,760,000 after buying an additional 25,184 shares in the last quarter. Institutional investors and hedge funds own 95.99% of the company's stock.
Insiders Place Their Bets
In other Mercury Systems news, Director Jana Partners Management, Lp sold 797,000 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $65.42, for a total transaction of $52,139,740.00. Following the transaction, the director owned 5,964,313 shares of the company's stock, valued at approximately $390,185,356.46. This represents a 11.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William L. Ballhaus sold 13,050 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $64.46, for a total value of $841,203.00. Following the transaction, the chief executive officer directly owned 374,976 shares in the company, valued at approximately $24,170,952.96. This represents a 3.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold 850,752 shares of company stock worth $55,622,679 over the last ninety days. 1.60% of the stock is owned by insiders.
Mercury Systems Stock Performance
MRCY stock traded down $0.98 during trading on Friday, reaching $67.52. 160,455 shares of the stock were exchanged, compared to its average volume of 613,009. Mercury Systems Inc has a twelve month low of $32.32 and a twelve month high of $69.95. The company has a market capitalization of $4.05 billion, a P/E ratio of -102.30, a price-to-earnings-growth ratio of 2.80 and a beta of 0.72. The stock has a 50 day simple moving average of $55.90 and a 200-day simple moving average of $49.94. The company has a current ratio of 3.52, a quick ratio of 2.41 and a debt-to-equity ratio of 0.40.
Mercury Systems (NASDAQ:MRCY - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The technology company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.26. The company had revenue of $273.11 million for the quarter, compared to the consensus estimate of $244.56 million. Mercury Systems had a positive return on equity of 0.58% and a negative net margin of 4.16%.The company's quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 earnings per share. As a group, sell-side analysts anticipate that Mercury Systems Inc will post -0.08 earnings per share for the current year.
Wall Street Analyst Weigh In
MRCY has been the topic of several recent research reports. Robert W. Baird raised their target price on Mercury Systems from $58.00 to $70.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Raymond James Financial upgraded Mercury Systems from an "outperform" rating to a "strong-buy" rating and raised their target price for the company from $55.00 to $80.00 in a report on Tuesday, August 12th. The Goldman Sachs Group lifted their price objective on Mercury Systems from $35.00 to $39.00 and gave the stock a "sell" rating in a research note on Wednesday, August 13th. Royal Bank Of Canada lifted their price objective on Mercury Systems from $50.00 to $55.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 3rd. Finally, Zacks Research upgraded Mercury Systems from a "strong sell" rating to a "strong-buy" rating in a research note on Thursday, August 21st. Three analysts have rated the stock with a Strong Buy rating, two have given 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, the stock has an average rating of "Moderate Buy" and an average target price of $60.71.
View Our Latest Stock Report on Mercury Systems
Mercury Systems Company Profile
(
Free Report)
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.
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