Fox Run Management L.L.C. Buys Shares of 6,847 Mercury Systems Inc $MRCY

Key Points

• Fox Run Management L.L.C. acquired a new position in Mercury Systems Inc with the purchase of 6,847 shares valued at approximately $295,000 in the first quarter.
• Mercury Systems has seen significant recent activity from institutional investors, with 95.99% of the stock currently held by them, highlighting strong interest in the company's performance.
• Analyst ratings for Mercury Systems are generally positive, with recommendations ranging from Strong Buy to Sell, and a current consensus target price of $60.71.

Fox Run Management L.L.C. purchased a new stake in Mercury Systems Inc (NASDAQ:MRCY - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,847 shares of the technology company's stock, valued at approximately $295,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in Mercury Systems by 59.6% in the 1st quarter. GAMMA Investing LLC now owns 1,058 shares of the technology company's stock valued at $46,000 after acquiring an additional 395 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Mercury Systems by 4.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,763 shares of the technology company's stock valued at $507,000 after acquiring an additional 449 shares during the period. Fifth Third Bancorp increased its position in Mercury Systems by 53.8% in the 1st quarter. Fifth Third Bancorp now owns 1,290 shares of the technology company's stock valued at $56,000 after acquiring an additional 451 shares during the period. Schonfeld Strategic Advisors LLC increased its position in Mercury Systems by 8.1% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 6,867 shares of the technology company's stock worth $288,000 after purchasing an additional 517 shares during the period. Finally, Bank of Montreal Can increased its position in Mercury Systems by 5.0% during the 4th quarter. Bank of Montreal Can now owns 10,984 shares of the technology company's stock worth $461,000 after purchasing an additional 519 shares during the period. Institutional investors and hedge funds own 95.99% of the company's stock.

Wall Street Analyst Weigh In

MRCY has been the topic of several recent analyst reports. Zacks Research upgraded Mercury Systems from a "strong sell" rating to a "strong-buy" rating in a research report on Thursday. The Goldman Sachs Group boosted their target price on Mercury Systems from $35.00 to $39.00 and gave the stock a "sell" rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. boosted their target price on 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 upgraded Mercury Systems from an "outperform" rating to a "strong-buy" rating and boosted their target price for the stock from $55.00 to $80.00 in a research report on Tuesday, August 12th. Finally, Royal Bank Of Canada boosted their target price on Mercury Systems from $50.00 to $55.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 3rd. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $60.71.

Mercury Systems Price Performance

Shares of NASDAQ:MRCY traded up $1.19 during trading on Friday, hitting $66.83. 445,964 shares of the stock were exchanged, compared to its average volume of 801,089. The company has a fifty day moving average price of $54.55 and a two-hundred day moving average price of $49.37. The company has a market cap of $4.00 billion, a PE ratio of -101.26, a P/E/G ratio of 3.00 and a beta of 0.72. 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 Inc has a 12-month low of $32.32 and a 12-month high of $69.95.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced its quarterly 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 business had revenue of $273.11 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the company earned $0.23 EPS. On average, analysts forecast that Mercury Systems Inc will post -0.08 EPS for the current year.

Insider Buying and Selling at Mercury Systems

In related news, EVP Stuart Kupinsky sold 1,220 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $64.46, for a total value of $78,641.20. Following the sale, the executive vice president owned 70,297 shares of the company's stock, valued at approximately $4,531,344.62. This represents a 1.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David E. Farnsworth sold 7,572 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $64.46, for a total value of $488,091.12. Following the sale, the executive vice president owned 161,326 shares in the company, valued at approximately $10,399,073.96. This trade represents a 4.48% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 843,752 shares of company stock worth $55,176,359. Corporate insiders own 1.60% of the company's stock.

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.