Bouvel Investment Partners LLC Invests $1.66 Million in Mercury Systems Inc $MRCY

Key Points

• Bouvel Investment Partners LLC has acquired a new stake in Mercury Systems Inc, investing approximately $1.66 million for 30,808 shares during the second quarter.
• Mercury Systems reported an earnings per share (EPS) of $0.47 for the last quarter, significantly exceeding analysts' expectations of $0.21, along with a revenue of $273.11 million.
• Institutional investors now own about 95.99% of Mercury Systems, indicating strong interest and investment in the company from larger financial entities.

Bouvel Investment Partners LLC bought a new position in shares of Mercury Systems Inc (NASDAQ:MRCY - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,808 shares of the technology company's stock, valued at approximately $1,659,000. Bouvel Investment Partners LLC owned approximately 0.05% of Mercury Systems as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Neo Ivy Capital Management bought a new stake in Mercury Systems during the 4th quarter worth approximately $33,000. GAMMA Investing LLC increased its stake in Mercury Systems by 59.6% during the 1st quarter. GAMMA Investing LLC now owns 1,058 shares of the technology company's stock worth $46,000 after purchasing an additional 395 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Mercury Systems by 53.8% during the 1st quarter. Fifth Third Bancorp now owns 1,290 shares of the technology company's stock worth $56,000 after acquiring an additional 451 shares in the last quarter. Nkcfo LLC bought a new position in shares of Mercury Systems during the 1st quarter worth approximately $72,000. Finally, US Bancorp DE grew its stake in shares of Mercury Systems by 43.0% during the 1st quarter. US Bancorp DE now owns 2,489 shares of the technology company's stock worth $107,000 after acquiring an additional 749 shares in the last quarter. 95.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Mercury Systems

In other Mercury Systems news, CEO William L. Ballhaus sold 13,050 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $64.46, for a total transaction of $841,203.00. Following the completion of the sale, the chief executive officer owned 374,976 shares of the company's stock, valued at $24,170,952.96. This trade represents a 3.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jana Partners Management, Lp sold 797,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $65.42, for a total value of $52,139,740.00. Following the sale, the director directly owned 5,964,313 shares of the company's stock, valued at $390,185,356.46. This represents a 11.79% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 848,980 shares of company stock worth $55,529,247. 1.40% of the stock is currently owned by corporate insiders.

Mercury Systems Stock Up 1.1%

Shares of NASDAQ MRCY traded up $0.80 during trading hours on Monday, hitting $76.57. The company had a trading volume of 539,017 shares, compared to its average volume of 616,904. The firm's 50 day moving average is $62.16 and its 200-day moving average is $53.03. Mercury Systems Inc has a 1-year low of $32.32 and a 1-year high of $78.75. The stock has a market capitalization of $4.60 billion, a P/E ratio of -116.01, a price-to-earnings-growth ratio of 3.15 and a beta of 0.77. The company has a quick ratio of 2.41, a current ratio of 3.52 and a debt-to-equity ratio of 0.40.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MRCY shares. Royal Bank Of Canada raised their price target on shares of Mercury Systems from $50.00 to $55.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 3rd. Robert W. Baird raised their price target on shares of Mercury Systems from $58.00 to $70.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Zacks Research raised shares of Mercury Systems from a "strong sell" rating to a "strong-buy" rating in a research note on Thursday, August 21st. Truist Financial raised their price target on shares of Mercury Systems from $60.00 to $71.00 and gave the stock a "buy" rating in a research note on Tuesday, August 12th. Finally, The Goldman Sachs Group raised their price target on shares of Mercury Systems from $35.00 to $39.00 and gave the stock a "sell" rating in a research note on Wednesday, August 13th. Three research 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 stock. According to data from MarketBeat, Mercury Systems currently has a consensus rating of "Moderate Buy" and an average target price of $60.71.

Mercury Systems Profile

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.