Calamos Advisors LLC Invests $848,000 in Mercury Systems Inc (NASDAQ:MRCY)

Calamos Advisors LLC purchased a new position in shares of Mercury Systems Inc (NASDAQ:MRCY - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 19,684 shares of the technology company's stock, valued at approximately $848,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MRCY. Millennium Management LLC grew its position in Mercury Systems by 196.1% during the fourth quarter. Millennium Management LLC now owns 1,023,508 shares of the technology company's stock valued at $42,987,000 after purchasing an additional 677,894 shares in the last quarter. First Trust Advisors LP grew its position in Mercury Systems by 50.8% in the fourth quarter. First Trust Advisors LP now owns 988,936 shares of the technology company's stock worth $41,535,000 after acquiring an additional 333,109 shares in the last quarter. Kennedy Capital Management LLC grew its position in Mercury Systems by 146.9% in the fourth quarter. Kennedy Capital Management LLC now owns 466,177 shares of the technology company's stock worth $19,579,000 after acquiring an additional 277,355 shares in the last quarter. Conestoga Capital Advisors LLC grew its position in Mercury Systems by 8.9% in the first quarter. Conestoga Capital Advisors LLC now owns 2,258,186 shares of the technology company's stock worth $97,305,000 after acquiring an additional 185,369 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Mercury Systems in the fourth quarter worth approximately $4,258,000. 95.99% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Jana Partners Management, Lp sold 88,152 shares of Mercury Systems stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $46.27, for a total transaction of $4,078,793.04. Following the completion of the transaction, the director directly owned 6,861,313 shares of the company's stock, valued at $317,472,952.51. This trade represents a 1.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Steven Ratner sold 3,892 shares of Mercury Systems stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $47.70, for a total transaction of $185,648.40. Following the transaction, the executive vice president directly owned 56,187 shares of the company's stock, valued at $2,680,119.90. This represents a 6.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 93,883 shares of company stock valued at $4,362,791 over the last three months. 1.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MRCY. The Goldman Sachs Group boosted their price objective on shares of Mercury Systems from $30.00 to $33.00 and gave the stock a "sell" rating in a research note on Monday, May 12th. Royal Bank Of Canada boosted their price objective 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. Truist Financial boosted their price objective on shares of Mercury Systems from $56.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, June 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Mercury Systems from $48.00 to $56.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mercury Systems presently has a consensus rating of "Hold" and an average price target of $50.29.

Mercury Systems Stock Performance

Mercury Systems stock traded down $1.78 during mid-day trading on Thursday, reaching $50.62. The company had a trading volume of 481,676 shares, compared to its average volume of 569,631. The company has a quick ratio of 2.25, a current ratio of 3.44 and a debt-to-equity ratio of 0.41. Mercury Systems Inc has a 52 week low of $29.84 and a 52 week high of $54.32. The company has a 50 day moving average of $49.95 and a 200-day moving average of $46.24. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of -45.20, a PEG ratio of 10.75 and a beta of 0.71.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.06 EPS for the quarter, hitting analysts' consensus estimates of $0.06. Mercury Systems had a negative net margin of 7.33% and a negative return on equity of 0.77%. The company had revenue of $211.36 million during the quarter, compared to the consensus estimate of $204.25 million. During the same period last year, the firm earned ($0.26) EPS. The firm's revenue for the quarter was up 1.5% compared to the same quarter last year. On average, sell-side analysts expect that Mercury Systems Inc will post -0.08 EPS for the current fiscal year.

Mercury Systems Company 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.