Mercury Systems Inc $MRCY Shares Purchased by One Capital Management LLC

One Capital Management LLC raised its stake in shares of Mercury Systems Inc (NASDAQ:MRCY) by 43.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,300 shares of the technology company’s stock after buying an additional 8,893 shares during the quarter. One Capital Management LLC’s holdings in Mercury Systems were worth $2,139,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Signaturefd LLC grew its holdings in Mercury Systems by 15.4% during the 4th quarter. Signaturefd LLC now owns 804 shares of the technology company’s stock valued at $59,000 after buying an additional 107 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Mercury Systems by 2.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,175 shares of the technology company’s stock valued at $555,000 after buying an additional 142 shares during the last quarter. AlphaQuest LLC grew its holdings in Mercury Systems by 41.9% during the 3rd quarter. AlphaQuest LLC now owns 569 shares of the technology company’s stock valued at $44,000 after buying an additional 168 shares during the last quarter. GAMMA Investing LLC grew its holdings in Mercury Systems by 11.3% during the 4th quarter. GAMMA Investing LLC now owns 1,781 shares of the technology company’s stock valued at $130,000 after buying an additional 181 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in Mercury Systems by 1.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,058 shares of the technology company’s stock valued at $880,000 after buying an additional 187 shares during the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Trading Up 1.4%

Shares of MRCY opened at $112.87 on Wednesday. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $6.78 billion, a P/E ratio of -470.29 and a beta of 0.94. The stock’s fifty day simple moving average is $85.38 and its 200 day simple moving average is $83.11. Mercury Systems Inc has a twelve month low of $48.75 and a twelve month high of $114.98.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.21. Mercury Systems had a positive return on equity of 2.22% and a negative net margin of 1.46%.The business had revenue of $235.76 million for the quarter, compared to analyst estimates of $208.56 million. During the same period last year, the company posted $0.06 EPS. The business’s quarterly revenue was up 11.5% on a year-over-year basis. On average, equities research analysts forecast that Mercury Systems Inc will post 0.18 earnings per share for the current year.

Insider Buying and Selling

In other Mercury Systems news, Director Orlando D. Carvalho sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $89.36, for a total value of $625,520.00. Following the transaction, the director directly owned 52,448 shares of the company’s stock, valued at $4,686,753.28. This trade represents a 11.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David E. Farnsworth sold 3,625 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $84.87, for a total value of $307,653.75. Following the completion of the transaction, the executive vice president directly owned 157,701 shares in the company, valued at $13,384,083.87. This trade represents a 2.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 21,875 shares of company stock valued at $2,040,874. 1.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on MRCY. Royal Bank Of Canada reiterated an “outperform” rating and set a $105.00 target price on shares of Mercury Systems in a report on Wednesday, February 4th. Canaccord Genuity Group increased their target price on Mercury Systems from $102.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Mercury Systems in a report on Tuesday, April 21st. The Goldman Sachs Group increased their target price on Mercury Systems from $60.00 to $68.00 and gave the company a “sell” rating in a report on Monday, May 11th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $105.00 price target on shares of Mercury Systems in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.00.

Mercury Systems Company Profile

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.