Trexquant Investment LP Has $5.22 Million Stock Position in Mercury Systems Inc $MRCY

Key Points

• Trexquant Investment LP increased its stake in Mercury Systems by 100.7% in Q1, owning 121,220 shares worth approximately $5.2 million.
• Mercury Systems reported an EPS of $0.47 for the quarter, exceeding expectations, with revenue of $273.11 million, a 9.9% year-over-year increase.
• Insiders sold over 850,000 shares valued at approximately $55.6 million in the last 90 days, with only 1.60% of the stock remaining owned by corporate insiders.

Trexquant Investment LP boosted its position in shares of Mercury Systems Inc (NASDAQ:MRCY - Free Report) by 100.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,220 shares of the technology company's stock after acquiring an additional 60,820 shares during the period. Trexquant Investment LP owned approximately 0.20% of Mercury Systems worth $5,223,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Neo Ivy Capital Management bought a new position in Mercury Systems during the fourth quarter valued at about $33,000. GAMMA Investing LLC increased its stake in Mercury Systems by 59.6% during the first 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. Fifth Third Bancorp increased its stake in Mercury Systems by 53.8% during the first 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. Nkcfo LLC bought a new position in Mercury Systems during the first quarter valued at about $72,000. Finally, US Bancorp DE grew its stake in shares of Mercury Systems by 43.0% in the 1st quarter. US Bancorp DE now owns 2,489 shares of the technology company's stock valued at $107,000 after purchasing an additional 749 shares during the period. 95.99% of the stock is currently owned by institutional investors.

Mercury Systems Price Performance

NASDAQ MRCY traded up $1.04 during trading hours on Friday, reaching $68.93. 377,739 shares of the company's stock were exchanged, compared to its average volume of 777,666. The firm has a fifty day moving average of $57.89 and a 200-day moving average of $50.92. Mercury Systems Inc has a one year low of $32.32 and a one year 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. The stock has a market cap of $4.13 billion, a PE ratio of -104.44, a price-to-earnings-growth ratio of 2.87 and a beta of 0.77.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.26. Mercury Systems had a positive return on equity of 0.58% and a negative net margin of 4.16%.The firm had revenue of $273.11 million for the quarter, compared to the consensus estimate of $244.56 million. During the same quarter in the prior year, the business earned $0.23 EPS. The business's revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts predict that Mercury Systems Inc will post -0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MRCY has been the topic of several analyst reports. Robert W. Baird upped their price objective on Mercury Systems from $58.00 to $70.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Truist Financial upped their price objective on Mercury Systems from $60.00 to $71.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. Raymond James Financial upgraded Mercury Systems from an "outperform" rating to a "strong-buy" rating and upped their price objective for the company from $55.00 to $80.00 in a research note on Tuesday, August 12th. Royal Bank Of Canada upped their price objective on Mercury Systems from $50.00 to $55.00 and gave the company a "sector perform" rating in a research note on Thursday, July 3rd. Finally, JPMorgan Chase & Co. upped their price objective on Mercury Systems from $56.00 to $68.00 and gave the company a "neutral" rating in a research note on Tuesday, August 12th. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $60.71.

Insider Activity

In other Mercury Systems news, EVP David E. Farnsworth sold 7,572 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $64.46, for a total transaction of $488,091.12. Following the transaction, the executive vice president owned 161,326 shares of the company's stock, valued at approximately $10,399,073.96. This represents a 4.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven Ratner sold 7,000 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $63.76, for a total value of $446,320.00. Following the completion of the transaction, the executive vice president directly owned 33,801 shares in the company, valued at approximately $2,155,151.76. This trade represents a 17.16% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 850,752 shares of company stock worth $55,622,679. 1.60% of the stock is owned by company insiders.

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.