Mercury Systems Inc $MRCY Stock Holdings Cut by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC cut its position in shares of Mercury Systems Inc (NASDAQ:MRCY) by 13.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 42,225 shares of the technology company’s stock after selling 6,592 shares during the quarter. Rice Hall James & Associates LLC owned 0.07% of Mercury Systems worth $3,079,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of MRCY. Osaic Holdings Inc. lifted its holdings in shares of Mercury Systems by 53.2% in the second quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock valued at $32,000 after buying an additional 208 shares during the period. Leonteq Securities AG bought a new stake in Mercury Systems in the fourth quarter worth about $35,000. Hollencrest Capital Management bought a new stake in Mercury Systems in the fourth quarter worth about $37,000. Federated Hermes Inc. acquired a new stake in Mercury Systems in the 2nd quarter valued at about $43,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in Mercury Systems by 53.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 653 shares of the technology company’s stock valued at $48,000 after acquiring an additional 228 shares during the last quarter. Institutional investors own 95.99% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MRCY. Zacks Research raised shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. The Goldman Sachs Group increased their target price on shares of Mercury Systems from $60.00 to $68.00 and gave the company a “sell” rating in a research note on Monday, May 11th. Canaccord Genuity Group raised their target price on shares of Mercury Systems from $102.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Jefferies Financial Group restated a “hold” rating and issued a $115.00 price target on shares of Mercury Systems in a research report on Friday, July 10th. Finally, Wall Street Zen downgraded Mercury Systems from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.78.

Mercury Systems Stock Performance

Mercury Systems stock opened at $103.27 on Monday. Mercury Systems Inc has a 52 week low of $50.13 and a 52 week high of $128.45. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.15 and a current ratio of 3.19. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of -430.29 and a beta of 0.93. The company has a 50 day moving average price of $108.26 and a 200 day moving average price of $93.81.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, May 5th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.21. The company had revenue of $235.76 million for the quarter, compared to the consensus estimate of $208.56 million. Mercury Systems had a negative net margin of 1.46% and a positive return on equity of 2.22%. The company’s revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 EPS. Research analysts forecast that Mercury Systems Inc will post 0.35 EPS for the current year.

Insider Activity at Mercury Systems

In related news, Director Howard L. Lance sold 9,250 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $99.76, for a total value of $922,780.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Orlando D. Carvalho sold 7,000 shares of Mercury Systems stock in a transaction dated Tuesday, May 12th. The shares were 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 in the company, valued at approximately $4,686,753.28. This trade represents a 11.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 18,250 shares of company stock valued at $1,733,220. Company insiders own 1.40% of the company’s stock.

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.