UBS Group AG Acquires 10,880 Shares of Mercury Systems Inc $MRCY

UBS Group AG lifted its stake in Mercury Systems Inc (NASDAQ:MRCY) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 251,229 shares of the technology company’s stock after acquiring an additional 10,880 shares during the period. UBS Group AG’s holdings in Mercury Systems were worth $18,342,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MRCY. Arizona State Retirement System boosted its holdings in Mercury Systems by 1.3% in the 4th quarter. Arizona State Retirement System now owns 15,211 shares of the technology company’s stock valued at $1,111,000 after purchasing an additional 195 shares during the period. Peregrine Capital Management LLC increased its stake in Mercury Systems by 6,562.5% in the 4th quarter. Peregrine Capital Management LLC now owns 142,178 shares of the technology company’s stock worth $10,380,000 after acquiring an additional 140,044 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Mercury Systems by 5.0% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 16,307 shares of the technology company’s stock worth $1,191,000 after acquiring an additional 775 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Mercury Systems by 89.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,187 shares of the technology company’s stock valued at $1,547,000 after acquiring an additional 10,015 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Mercury Systems by 4.9% during the 4th quarter. CWM LLC now owns 8,039 shares of the technology company’s stock valued at $587,000 after acquiring an additional 379 shares during the last quarter. 95.99% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP David E. Farnsworth sold 3,625 shares of the stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $84.87, for a total transaction of $307,653.75. Following the transaction, the executive vice president owned 157,701 shares of the company’s stock, valued at approximately $13,384,083.87. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jana Partners Management, Lp sold 182,510 shares of Mercury Systems stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $94.05, for a total transaction of $17,165,065.50. Following the completion of the transaction, the director owned 4,384,165 shares in the company, valued at approximately $412,330,718.25. The trade was a 4.00% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 465,383 shares of company stock valued at $42,574,504. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MRCY. Weiss Ratings reissued a “sell (d-)” rating on shares of Mercury Systems in a report on Tuesday, April 21st. Truist Financial raised shares of Mercury Systems to a “strong-buy” rating in a research note on Friday, May 1st. Royal Bank Of Canada reiterated an “outperform” rating and set a $105.00 target price on shares of Mercury Systems in a research report on Wednesday, February 4th. Jefferies Financial Group reissued a “hold” rating and issued a $95.00 price target on shares of Mercury Systems in a report on Sunday. Finally, Canaccord Genuity Group raised their price objective on shares of Mercury Systems from $102.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $89.89.

Mercury Systems Price Performance

MRCY opened at $92.32 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 stock has a market capitalization of $5.54 billion, a P/E ratio of -384.67, a PEG ratio of 8.91 and a beta of 0.83. The stock has a 50-day moving average price of $81.39 and a 200-day moving average price of $80.94. Mercury Systems Inc has a 12-month low of $44.01 and a 12-month high of $103.84.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, May 5th. The technology company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. The company had revenue of $235.76 million during the quarter, compared to the consensus estimate of $208.56 million. Mercury Systems had a positive return on equity of 2.22% and a negative net margin of 1.46%.Mercury Systems’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. Equities analysts predict that Mercury Systems Inc will post 0.18 earnings per share for the current fiscal year.

Mercury Systems 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.