TD Asset Management Inc Increases Position in Mercury Systems Inc $MRCY

Key Points

• TD Asset Management increased its stake in Mercury Systems by 164.2% to 30,954 shares (about $2.40M), and institutional ownership stands at roughly 95.99% with large positions held by firms like Vanguard and State Street.
• Corporate insiders sold a total of 859,758 shares in the last quarter (≈$74.48M), reducing individual holdings modestly; insiders now own about 1.4% of the company.
• Mercury Systems beat quarterly estimates (EPS $0.16 vs $0.07 and revenue $232.9M vs $210.0M), but analysts are mixed with a consensus target of $86.89 while the stock trades near $89 within a 52‑week range of $39.89–$103.84.

TD Asset Management Inc lifted its position in shares of Mercury Systems Inc (NASDAQ:MRCY - Free Report) by 164.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 30,954 shares of the technology company's stock after acquiring an additional 19,236 shares during the quarter. TD Asset Management Inc owned approximately 0.05% of Mercury Systems worth $2,396,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MRCY. Vanguard Group Inc. increased its position in Mercury Systems by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 5,731,033 shares of the technology company's stock valued at $443,582,000 after purchasing an additional 221,093 shares during the period. State Street Corp boosted its holdings in Mercury Systems by 8.7% in the second quarter. State Street Corp now owns 3,246,573 shares of the technology company's stock worth $174,860,000 after acquiring an additional 259,388 shares in the last quarter. Bamco Inc. NY boosted its stake in Mercury Systems by 3.2% in the 2nd quarter. Bamco Inc. NY now owns 1,234,801 shares of the technology company's stock worth $66,506,000 after purchasing an additional 38,755 shares in the last quarter. Loomis Sayles & Co. L P grew its position in Mercury Systems by 321.7% during the 2nd quarter. Loomis Sayles & Co. L P now owns 992,610 shares of the technology company's stock valued at $53,462,000 after purchasing an additional 757,216 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Mercury Systems by 51.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 855,441 shares of the technology company's stock valued at $36,861,000 after purchasing an additional 290,989 shares in the last quarter. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mercury Systems

In related news, CAO Douglas Munro sold 582 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $83.56, for a total value of $48,631.92. Following the completion of the transaction, the chief accounting officer owned 14,328 shares in the company, valued at $1,197,247.68. This represents a 3.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Stuart Kupinsky sold 2,287 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $83.56, for a total transaction of $191,101.72. Following the completion of the transaction, the executive vice president owned 68,010 shares of the company's stock, valued at $5,682,915.60. This trade represents a 3.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 859,758 shares of company stock valued at $74,481,931. Corporate insiders own 1.40% of the company's stock.

Mercury Systems Stock Performance

NASDAQ:MRCY opened at $89.18 on Thursday. The company has a quick ratio of 2.04, a current ratio of 2.96 and a debt-to-equity ratio of 0.41. The company has a market cap of $5.35 billion, a P/E ratio of -168.26, a P/E/G ratio of 8.66 and a beta of 0.77. The firm's 50 day moving average is $88.59 and its two-hundred day moving average is $78.52. Mercury Systems Inc has a fifty-two week low of $39.89 and a fifty-two week high of $103.84.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced its earnings results on Tuesday, February 3rd. The technology company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.07 by $0.09. Mercury Systems had a positive return on equity of 1.28% and a negative net margin of 3.23%.The business had revenue of $232.87 million for the quarter, compared to the consensus estimate of $209.96 million. During the same period last year, the business posted $0.07 EPS. The company's revenue was up 4.4% on a year-over-year basis. Analysts expect that Mercury Systems Inc will post -0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MRCY. Truist Financial raised their price objective on shares of Mercury Systems from $102.00 to $109.00 and gave the company a "buy" rating in a research report on Wednesday, February 4th. Jefferies Financial Group reissued a "hold" rating and set a $85.00 price target on shares of Mercury Systems in a research note on Sunday, February 8th. The Goldman Sachs Group lifted their price objective on Mercury Systems from $49.00 to $55.00 and gave the stock a "sell" rating in a research note on Tuesday, January 20th. Canaccord Genuity Group set a $102.00 target price on Mercury Systems in a research report on Wednesday, February 4th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Mercury Systems in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Mercury Systems has an average rating of "Hold" and a consensus target price of $86.89.

About Mercury Systems

Mercury Systems, Inc NASDAQ: MRCY is a technology company that designs, manufactures and markets secure processing subsystems for aerospace and defense applications. The company's products are built to address the stringent security, safety and reliability requirements of mission-critical programs, with a focus on radar, electronic warfare, intelligence and other sensor and processing functions. Mercury's offerings encompass rugged embedded computing modules, high-performance radio frequency (RF) and microwave components, digital signal processing subsystems and secure networking solutions.

Since its origins in advanced signal processing, Mercury Systems has expanded its capabilities through a combination of internal development and targeted acquisitions.

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