Jackson Creek Investment Advisors LLC Invests $1.52 Million in Mercury Systems Inc (NASDAQ:MRCY)

Jackson Creek Investment Advisors LLC acquired a new position in shares of 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 & Exchange Commission. The fund acquired 35,236 shares of the technology company's stock, valued at approximately $1,518,000. Jackson Creek Investment Advisors LLC owned approximately 0.06% of Mercury Systems at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MRCY. Raymond James Financial Inc. purchased a new stake in Mercury Systems during the fourth quarter worth about $4,258,000. Swiss National Bank boosted its holdings in Mercury Systems by 1.0% during the fourth quarter. Swiss National Bank now owns 99,500 shares of the technology company's stock worth $4,179,000 after buying an additional 1,000 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Mercury Systems by 10.8% during the fourth quarter. Natixis Advisors LLC now owns 16,275 shares of the technology company's stock worth $684,000 after buying an additional 1,589 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Mercury Systems by 4.0% in the fourth quarter. Corient Private Wealth LLC now owns 6,858 shares of the technology company's stock valued at $288,000 after purchasing an additional 266 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new stake in shares of Mercury Systems in the fourth quarter valued at about $204,000. Hedge funds and other institutional investors own 95.99% of the company's stock.

Insiders Place Their Bets

In related news, Director Jana Partners Management, Lp sold 88,152 shares of the firm's stock in a transaction on 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 sale, the director directly owned 6,861,313 shares of the company's stock, valued at approximately $317,472,952.51. This trade represents a 1.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven Ratner sold 1,839 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $53.48, for a total transaction of $98,349.72. Following the sale, the executive vice president directly owned 35,174 shares of the company's stock, valued at approximately $1,881,105.52. The trade was a 4.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 93,883 shares of company stock valued at $4,362,791. Company insiders own 1.60% of the company's stock.

Mercury Systems Trading Down 1.0%

MRCY stock traded down $0.51 on Friday, hitting $51.69. 1,073,390 shares of the company were exchanged, compared to its average volume of 574,339. Mercury Systems Inc has a twelve month low of $31.66 and a twelve month high of $54.32. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.44 and a quick ratio of 2.25. The business's fifty day moving average is $50.25 and its two-hundred day moving average is $46.75. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of -46.15, a price-to-earnings-growth ratio of 2.42 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 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analyst estimates of $204.25 million. During the same quarter in the prior year, the business earned ($0.26) earnings per share. The business's quarterly revenue was up 1.5% compared to the same quarter last year. As a group, research analysts forecast that Mercury Systems Inc will post -0.08 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Truist Financial upped their price target on shares of Mercury Systems from $56.00 to $60.00 and gave the company a "buy" rating in a report on Monday, June 2nd. JPMorgan Chase & Co. upped their price objective 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. The Goldman Sachs Group upped their price objective on shares of Mercury Systems from $30.00 to $33.00 and gave the company a "sell" rating in a research note on Monday, May 12th. Finally, Royal Bank Of Canada upped their price objective on shares of Mercury Systems from $50.00 to $55.00 and gave the company a "sector perform" rating in a research note on Thursday, July 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $50.29.

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.