SG Americas Securities LLC Buys New Position in Mercury Systems Inc (NASDAQ:MRCY)

SG Americas Securities LLC purchased a new stake in shares of Mercury Systems Inc (NASDAQ:MRCY - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 24,504 shares of the technology company's stock, valued at approximately $1,056,000.

Other large investors have also recently modified their holdings of the company. Neo Ivy Capital Management bought a new stake in shares of Mercury Systems during the 4th quarter valued at about $33,000. GAMMA Investing LLC lifted 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 worth $46,000 after buying an additional 395 shares during the last quarter. Sterling Capital Management LLC lifted its position in Mercury Systems by 762.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company's stock worth $69,000 after buying an additional 1,449 shares during the last quarter. Cibc World Markets Corp bought a new stake in Mercury Systems in the 4th quarter worth approximately $204,000. Finally, Centaurus Financial Inc. bought a new stake in Mercury Systems in the 4th quarter worth approximately $212,000. Institutional investors own 95.99% of the company's stock.

Mercury Systems Trading Down 1.3%

MRCY stock traded down $0.66 during midday trading on Friday, hitting $50.77. The company had a trading volume of 999,219 shares, compared to its average volume of 591,941. The company has a current ratio of 3.44, a quick ratio of 2.25 and a debt-to-equity ratio of 0.41. Mercury Systems Inc has a 52 week low of $26.53 and a 52 week high of $54.32. The stock's 50 day moving average price is $49.18 and its 200 day moving average price is $45.12. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of -45.33 and a beta of 0.68.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. Mercury Systems had a negative return on equity of 0.77% and a negative net margin of 7.33%. The firm had revenue of $211.36 million during the quarter, compared to the consensus estimate of $204.25 million. During the same quarter in the previous year, the company posted ($0.26) earnings per share. The business's revenue was up 1.5% on a year-over-year basis. As a group, equities research analysts expect that Mercury Systems Inc will post -0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on MRCY. The Goldman Sachs Group boosted their target price on Mercury Systems from $30.00 to $33.00 and gave the stock a "sell" rating in a research report on Monday, May 12th. Royal Bank Of Canada boosted their target price on Mercury Systems from $48.00 to $50.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Truist Financial boosted their target price on Mercury Systems from $56.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd. Finally, JPMorgan Chase & Co. boosted their target price on Mercury Systems from $48.00 to $56.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $49.57.

Insider Buying and Selling at Mercury Systems

In related news, Director Jana Partners Management, Lp sold 88,152 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $46.27, for a total transaction of $4,078,793.04. Following the completion of the transaction, the director now owns 6,861,313 shares in the company, valued at $317,472,952.51. This represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven Ratner sold 1,839 shares of the company's stock in a transaction that occurred on 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 now owns 35,174 shares of the company's stock, valued at approximately $1,881,105.52. This represents a 4.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,883 shares of company stock worth $4,362,791. 1.60% of the stock is currently owned by 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.