Cookson Peirce & Co. Inc. Takes $1.84 Million Position in Mercury Systems Inc $MRCY

Key Points

• Cookson Peirce & Co. Inc. has acquired a new position in Mercury Systems Inc, purchasing 34,217 shares valued at approximately $1.84 million during the second quarter.
• Approximately 95.99% of Mercury Systems stock is held by institutional investors, indicating strong institutional support for the company.
• A recent analysis by Truist Financial raised the target price for Mercury Systems shares from $71.00 to $100.00, affirming a "buy" rating as multiple firms continue to show varied ratings on the stock.

Cookson Peirce & Co. Inc. purchased a new position in shares of Mercury Systems Inc (NASDAQ:MRCY - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 34,217 shares of the technology company's stock, valued at approximately $1,843,000. Cookson Peirce & Co. Inc. owned approximately 0.06% of Mercury Systems at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in Mercury Systems by 11.8% during the 1st quarter. Principal Financial Group Inc. now owns 274,954 shares of the technology company's stock worth $11,848,000 after buying an additional 29,074 shares in the last quarter. Calamos Advisors LLC bought a new stake in Mercury Systems during the 1st quarter worth about $848,000. Lisanti Capital Growth LLC bought a new stake in Mercury Systems during the 1st quarter worth about $2,562,000. LPL Financial LLC lifted its position in Mercury Systems by 145.1% during the 1st quarter. LPL Financial LLC now owns 129,295 shares of the technology company's stock worth $5,486,000 after buying an additional 76,549 shares in the last quarter. Finally, Natixis Advisors LLC raised its holdings in shares of Mercury Systems by 63.7% in the 1st quarter. Natixis Advisors LLC now owns 26,642 shares of the technology company's stock valued at $1,148,000 after purchasing an additional 10,367 shares during the period. 95.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Mercury Systems

In related news, Director Jana Partners Management, Lp sold 797,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $65.42, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stuart Kupinsky sold 1,220 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $64.46, for a total transaction of $78,641.20. Following the transaction, the executive vice president owned 70,297 shares in the company, valued at approximately $4,531,344.62. This trade represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 848,980 shares of company stock valued at $55,529,247 in the last quarter. 1.40% of the stock is owned by company insiders.

Mercury Systems Stock Up 2.3%

Shares of NASDAQ MRCY opened at $78.81 on Wednesday. The stock has a market capitalization of $4.73 billion, a P/E ratio of -119.41, a P/E/G ratio of 3.15 and a beta of 0.82. The company has a 50-day moving average price of $73.22 and a 200-day moving average price of $58.12. Mercury Systems Inc has a 1 year low of $32.32 and a 1 year high of $85.33. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.52 and a quick ratio of 2.41.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last released its quarterly earnings results on Tuesday, June 7th. The technology company reported $0.64 earnings per share for the quarter. Mercury Systems had a negative net margin of 4.16% and a positive return on equity of 0.58%. The business had revenue of $256.86 million for the quarter. On average, equities research analysts forecast that Mercury Systems Inc will post -0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MRCY. Truist Financial upped their target price on shares of Mercury Systems from $71.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, October 15th. Weiss Ratings reissued a "sell (d-)" rating on shares of Mercury Systems in a report on Wednesday, October 8th. The Goldman Sachs Group increased their price target on shares of Mercury Systems from $35.00 to $39.00 and gave the company a "sell" rating in a report on Wednesday, August 13th. Canaccord Genuity Group started coverage on shares of Mercury Systems in a report on Thursday, October 2nd. They issued a "buy" rating and a $88.00 price target on the stock. Finally, UBS Group set a $88.00 price target on shares of Mercury Systems in a report on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Mercury Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.89.

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.

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