Fuller & Thaler Asset Management Inc. Has $50.86 Million Holdings in Mercury Systems Inc $MRCY

Key Points

• Fuller & Thaler Asset Management Inc. has reduced its stake in Mercury Systems Inc. by 1.9%, now holding approximately $50.86 million worth, which is about 1.98% of the company's shares.
• Major hedge funds have been active with Mercury Systems, with 95.99% of the company's stock owned by institutional investors, indicating significant institutional interest.
• Mercury Systems reported strong financial results with $0.47 EPS, exceeding expectations, alongside a revenue of $273.11 million, up 9.9% year-over-year.

Fuller & Thaler Asset Management Inc. decreased its stake in shares of Mercury Systems Inc (NASDAQ:MRCY - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,180,391 shares of the technology company's stock after selling 22,276 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 1.98% of Mercury Systems worth $50,863,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Conestoga Capital Advisors LLC increased its holdings in shares of Mercury Systems by 8.9% during the 1st quarter. Conestoga Capital Advisors LLC now owns 2,258,186 shares of the technology company's stock worth $97,305,000 after purchasing an additional 185,369 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Mercury Systems by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,202,124 shares of the technology company's stock worth $92,490,000 after purchasing an additional 52,725 shares during the period. Millennium Management LLC increased its holdings 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. First Trust Advisors LP increased its holdings in shares of Mercury Systems by 50.8% during the 4th quarter. First Trust Advisors LP now owns 988,936 shares of the technology company's stock worth $41,535,000 after purchasing an additional 333,109 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Mercury Systems by 2.9% during the 4th quarter. Northern Trust Corp now owns 593,455 shares of the technology company's stock worth $24,925,000 after purchasing an additional 16,674 shares during the period. Institutional investors own 95.99% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Robert W. Baird boosted their price objective on shares of Mercury Systems from $58.00 to $70.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Zacks Research upgraded shares of Mercury Systems from a "strong sell" rating to a "strong-buy" rating in a report on Thursday. 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 report on Thursday, July 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Mercury Systems from $56.00 to $68.00 and gave the stock a "neutral" rating in a report on Tuesday, August 12th. Finally, Truist Financial boosted their price objective on shares of Mercury Systems from $60.00 to $71.00 and gave the stock a "buy" rating in a report on Tuesday, August 12th. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Mercury Systems has an average rating of "Moderate Buy" and a consensus price target of $60.71.

Insider Transactions at Mercury Systems

In other Mercury Systems news, EVP Steven Ratner sold 1,839 shares of the business's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $53.48, for a total value of $98,349.72. Following the transaction, the executive vice president directly owned 35,174 shares in the company, valued at $1,881,105.52. The trade was a 4.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the transaction, the director owned 5,964,313 shares in the company, valued at approximately $390,185,356.46. This trade represents a 11.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 843,752 shares of company stock valued at $55,176,359. 1.60% of the stock is owned by company insiders.

Mercury Systems Price Performance

NASDAQ MRCY traded up $1.19 on Friday, reaching $66.83. The company's stock had a trading volume of 445,964 shares, compared to its average volume of 807,415. The firm has a market cap of $4.00 billion, a PE ratio of -101.26, a price-to-earnings-growth ratio of 2.75 and a beta of 0.72. The business has a 50-day moving average price of $54.55 and a 200 day moving average price of $49.38. Mercury Systems Inc has a 52 week low of $32.32 and a 52 week high of $69.95. 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 (NASDAQ:MRCY - Get Free Report) last posted its earnings results on Monday, August 11th. The technology company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.26. The business had revenue of $273.11 million for the quarter, compared to analysts' expectations of $244.56 million. Mercury Systems had a negative net margin of 4.16% and a positive return on equity of 0.58%. The firm's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Sell-side analysts expect that Mercury Systems Inc will post -0.08 EPS for the current 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.