Caxton Associates LLP bought a new position in Mercury Systems Inc (NASDAQ:MRCY - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,609 shares of the technology company's stock, valued at approximately $974,000.
Several other institutional investors also recently made changes to their positions in MRCY. Millennium Management LLC raised its position in shares of Mercury Systems by 196.1% during the 4th quarter. Millennium Management LLC now owns 1,023,508 shares of the technology company's stock worth $42,987,000 after purchasing an additional 677,894 shares during the period. MetLife Investment Management LLC grew its stake in Mercury Systems by 1,479.5% during the 1st quarter. MetLife Investment Management LLC now owns 492,638 shares of the technology company's stock worth $21,228,000 after buying an additional 461,449 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Mercury Systems by 51.6% in the first quarter. Goldman Sachs Group Inc. now owns 855,441 shares of the technology company's stock worth $36,861,000 after buying an additional 290,989 shares during the period. Nuveen LLC bought a new stake in Mercury Systems in the first quarter valued at $8,751,000. Finally, Conestoga Capital Advisors LLC boosted its holdings in shares of Mercury Systems by 8.9% during the first quarter. Conestoga Capital Advisors LLC now owns 2,258,186 shares of the technology company's stock valued at $97,305,000 after acquiring an additional 185,369 shares during the period. 95.99% of the stock is owned by institutional investors.
Mercury Systems Price Performance
Shares of NASDAQ:MRCY traded up $1.78 during trading on Tuesday, reaching $74.59. The company had a trading volume of 824,513 shares, compared to its average volume of 477,489. The firm's fifty day moving average is $60.71 and its 200 day moving average is $52.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.41 and a current ratio of 3.52. The firm has a market capitalization of $4.48 billion, a PE ratio of -113.01, a price-to-earnings-growth ratio of 3.03 and a beta of 0.77. Mercury Systems Inc has a twelve month low of $32.32 and a twelve month high of $75.06.
Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced its earnings results on Monday, August 11th. The technology company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.21 by $0.26. The firm had revenue of $273.11 million for the quarter, compared to analysts' expectations of $244.56 million. Mercury Systems had a positive return on equity of 0.58% and a negative net margin of 4.16%.The firm's quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 earnings per share. On average, equities analysts forecast that Mercury Systems Inc will post -0.08 EPS for the current year.
Insider Buying and Selling
In other news, 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 completion of the sale, the chief executive officer owned 374,976 shares in the company, valued at $24,170,952.96. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jana Partners Management, Lp sold 797,000 shares of Mercury Systems stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $65.42, for a total value of $52,139,740.00. Following the transaction, the director directly owned 5,964,313 shares in the company, valued at approximately $390,185,356.46. The trade was a 11.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 848,913 shares of company stock worth $55,524,330. 1.40% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Mercury Systems from a "hold" rating to a "buy" rating in a report on Saturday. 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. Raymond James Financial raised Mercury Systems from an "outperform" rating to a "strong-buy" rating and lifted their price target for the company from $55.00 to $80.00 in a report on Tuesday, August 12th. Robert W. Baird boosted their price objective on Mercury Systems from $58.00 to $70.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. Finally, The Goldman Sachs Group raised their target price on Mercury Systems from $35.00 to $39.00 and gave the company a "sell" rating in a research report on Wednesday, August 13th. Three research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.71.
Read Our Latest Stock Report on MRCY
About Mercury Systems
(
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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