Mackenzie Financial Corp Buys New Shares in Mercury Systems Inc (NASDAQ:MRCY)

Mackenzie Financial Corp bought a new stake in shares of Mercury Systems Inc (NASDAQ:MRCY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,857 shares of the technology company's stock, valued at approximately $683,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in Mercury Systems by 59.6% in the 1st quarter. GAMMA Investing LLC now owns 1,058 shares of the technology company's stock worth $46,000 after acquiring an additional 395 shares during the last quarter. Fifth Third Bancorp grew its holdings in Mercury Systems by 53.8% in the 1st quarter. Fifth Third Bancorp now owns 1,290 shares of the technology company's stock worth $56,000 after acquiring an additional 451 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in Mercury Systems by 8.1% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 6,867 shares of the technology company's stock worth $288,000 after acquiring an additional 517 shares during the last quarter. Bank of Montreal Can grew its holdings in Mercury Systems by 5.0% in the 4th quarter. Bank of Montreal Can now owns 10,984 shares of the technology company's stock worth $461,000 after acquiring an additional 519 shares during the last quarter. Finally, Rafferty Asset Management LLC grew its holdings in Mercury Systems by 5.1% in the 4th quarter. Rafferty Asset Management LLC now owns 12,977 shares of the technology company's stock worth $545,000 after acquiring an additional 632 shares during the last quarter. Institutional investors own 95.99% of the company's stock.

Mercury Systems Trading Down 0.6%

NASDAQ:MRCY opened at $53.93 on Thursday. The company has a 50-day moving average price of $51.66 and a 200-day moving average price of $47.57. Mercury Systems Inc has a 12 month low of $32.32 and a 12 month high of $55.40. The company has a current ratio of 3.44, a quick ratio of 2.25 and a debt-to-equity ratio of 0.41. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of -48.15, a P/E/G ratio of 2.54 and a beta of 0.72.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 analysts' expectations of $204.25 million. During the same period last year, the company posted ($0.26) EPS. Mercury Systems's revenue was up 1.5% on a year-over-year basis. Equities analysts predict that Mercury Systems Inc will post -0.08 EPS for the current year.

Insiders Place Their Bets

In other Mercury Systems news, EVP Steven Ratner sold 1,839 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $53.48, for a total transaction of $98,349.72. Following the completion of the sale, the executive vice president directly owned 35,174 shares in the company, valued at approximately $1,881,105.52. This trade represents a 4.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MRCY. Royal Bank Of Canada raised their price target 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. Truist Financial raised their price target on shares of Mercury Systems from $56.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, June 2nd. JPMorgan Chase & Co. raised their price target on shares of Mercury Systems from $48.00 to $56.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. Finally, The Goldman Sachs Group raised their price target on shares of Mercury Systems from $30.00 to $33.00 and gave the stock a "sell" rating in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $50.29.

About Mercury Systems

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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