Universal Beteiligungs und Servicegesellschaft mbH Invests $278,000 in Mercury Systems Inc (NASDAQ:MRCY)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested $278,000 in Mercury Systems Inc by acquiring 6,456 shares, marking a significant new stake in the company during the first quarter.
• Analysts have mixed opinions on Mercury Systems, with target price changes ranging from $30.00 to $60.00 and an average rating of "Hold" based on recent research reports.
• Mercury Systems reported earnings of $0.06 per share for the last quarter, meeting analysts' expectations, and generated a revenue of $211.36 million, reflecting a 1.5% year-over-year increase.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Mercury Systems Inc (NASDAQ:MRCY - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 6,456 shares of the technology company's stock, valued at approximately $278,000.

A number of other institutional investors have also bought and sold shares of MRCY. Neo Ivy Capital Management acquired a new position in shares of Mercury Systems in the fourth quarter worth $33,000. GAMMA Investing LLC increased its position in shares of Mercury Systems by 59.6% during the first quarter. GAMMA Investing LLC now owns 1,058 shares of the technology company's stock worth $46,000 after purchasing an additional 395 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Mercury Systems by 53.8% in the first quarter. Fifth Third Bancorp now owns 1,290 shares of the technology company's stock valued at $56,000 after buying an additional 451 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of Mercury Systems by 762.6% during the fourth quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company's stock worth $69,000 after acquiring an additional 1,449 shares during the period. Finally, Centaurus Financial Inc. acquired a new position in shares of Mercury Systems during the fourth quarter worth about $212,000. 95.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Jana Partners Management, Lp sold 88,152 shares of the business's stock in a transaction dated 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 sale, the director directly owned 6,861,313 shares in the company, valued at approximately $317,472,952.51. The trade was a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Steven Ratner sold 3,892 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $47.70, for a total value of $185,648.40. Following the completion of the sale, the executive vice president owned 56,187 shares in the company, valued at $2,680,119.90. The trade was a 6.48% 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.

Analysts Set New Price Targets

Several research firms have recently commented on MRCY. JPMorgan Chase & Co. increased their price target on shares of Mercury Systems from $48.00 to $56.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. Royal Bank Of Canada increased their price objective 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. The Goldman Sachs Group upped their price target on shares of Mercury Systems from $30.00 to $33.00 and gave the stock a "sell" rating in a research report on Monday, May 12th. Finally, Truist Financial boosted their price objective on shares of Mercury Systems from $56.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mercury Systems presently has a consensus rating of "Hold" and a consensus target price of $50.29.

Mercury Systems Price Performance

Shares of NASDAQ MRCY traded down $0.31 during mid-day trading on Wednesday, hitting $53.93. 409,438 shares of the stock were exchanged, compared to its average volume of 584,449. Mercury Systems Inc has a twelve month low of $32.32 and a twelve month high of $55.40. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.25 and a current ratio of 3.44. The stock's fifty day simple moving average is $51.66 and its two-hundred day simple moving average is $47.57. The company has a market cap of $3.22 billion, a P/E ratio of -48.15, a PEG ratio of 2.51 and a beta of 0.72.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last posted its earnings results on Tuesday, May 6th. The technology company reported $0.06 earnings per share 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 for the quarter, compared to analyst estimates of $204.25 million. During the same period last year, the business posted ($0.26) earnings per share. The business's revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, analysts forecast that Mercury Systems Inc will post -0.08 EPS for the current fiscal year.

Mercury Systems 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.