Voya Investment Management LLC Has $1.10 Million Stock Position in Mercury Systems Inc $MRCY

Voya Investment Management LLC lifted its holdings in shares of Mercury Systems Inc (NASDAQ:MRCY - Free Report) by 60.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,440 shares of the technology company's stock after purchasing an additional 9,616 shares during the quarter. Voya Investment Management LLC's holdings in Mercury Systems were worth $1,096,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MRCY. GAMMA Investing LLC grew its stake in Mercury Systems by 59.6% in the 1st quarter. GAMMA Investing LLC now owns 1,058 shares of the technology company's stock valued at $46,000 after buying an additional 395 shares during the last quarter. Fifth Third Bancorp grew its stake in Mercury Systems by 53.8% in the 1st 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. Nkcfo LLC acquired a new position in Mercury Systems in the 1st quarter valued at $72,000. US Bancorp DE grew its stake in 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 buying an additional 749 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new position in Mercury Systems in the 4th quarter valued at $212,000. 95.99% of the stock is currently owned by institutional investors and hedge funds.

Mercury Systems Stock Performance

Shares of MRCY opened at $75.34 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.41 and a current ratio of 3.52. Mercury Systems Inc has a twelve month low of $32.32 and a twelve month high of $78.75. The firm's 50 day moving average price is $63.17 and its two-hundred day moving average price is $53.42. The firm has a market cap of $4.52 billion, a P/E ratio of -114.15, a PEG ratio of 3.19 and a beta of 0.77.

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

Insiders Place Their Bets

In other news, EVP Stuart Kupinsky sold 1,220 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $64.46, for a total value of $78,641.20. Following the sale, the executive vice president owned 70,297 shares of the company's stock, valued at $4,531,344.62. The trade was a 1.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 sale, the executive vice president directly owned 161,326 shares in the company, valued at $10,399,073.96. This trade represents a 4.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 848,980 shares of company stock valued at $55,529,247 over the last 90 days. 1.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MRCY has been the topic of a number of research analyst reports. Truist Financial raised their target price on shares of Mercury Systems from $60.00 to $71.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. The Goldman Sachs Group raised their price target on shares of Mercury Systems from $35.00 to $39.00 and gave the stock a "sell" rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. raised their price target on shares of Mercury Systems from $56.00 to $68.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 12th. 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 research report on Thursday, July 3rd. Finally, Zacks Research lowered shares of Mercury Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.71.

Mercury Systems Company 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.

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