Mercury Systems Inc $MRCY Shares Purchased by Emerald Advisers LLC

Emerald Advisers LLC raised its stake in shares of Mercury Systems Inc (NASDAQ:MRCY) by 12.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 595,314 shares of the technology company’s stock after acquiring an additional 64,199 shares during the quarter. Mercury Systems makes up 1.4% of Emerald Advisers LLC’s portfolio, making the stock its 14th biggest position. Emerald Advisers LLC’s holdings in Mercury Systems were worth $43,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Mercury Systems by 12.1% in the 4th quarter. State Street Corp now owns 3,423,600 shares of the technology company’s stock worth $249,957,000 after purchasing an additional 368,242 shares during the last quarter. Invesco Ltd. lifted its position in shares of Mercury Systems by 25.1% during the fourth quarter. Invesco Ltd. now owns 1,910,742 shares of the technology company’s stock worth $139,503,000 after purchasing an additional 383,299 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Mercury Systems by 1.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,542,851 shares of the technology company’s stock worth $112,644,000 after purchasing an additional 21,182 shares during the last quarter. Geode Capital Management LLC grew its stake in Mercury Systems by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 1,368,659 shares of the technology company’s stock worth $99,940,000 after purchasing an additional 47,174 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Mercury Systems by 51.6% in the first quarter. Goldman Sachs Group Inc. now owns 855,441 shares of the technology company’s stock worth $36,861,000 after purchasing an additional 290,989 shares in the last quarter. 95.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Steven Ratner sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $92.46, for a total transaction of $184,920.00. Following the completion of the transaction, the executive vice president owned 32,238 shares in the company, valued at $2,980,725.48. The trade was a 5.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Orlando D. Carvalho sold 7,000 shares of the company’s stock in a transaction on 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 owned 52,448 shares of the company’s stock, valued at approximately $4,686,753.28. The trade was a 11.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 21,875 shares of company stock valued at $2,040,874 over the last quarter. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MRCY shares. The Goldman Sachs Group upped their price objective on Mercury Systems from $60.00 to $68.00 and gave the company a “sell” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. lifted their target price on Mercury Systems from $99.00 to $101.00 and gave the stock a “neutral” rating in a research report on Monday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Mercury Systems in a report on Tuesday, April 21st. Zacks Research raised Mercury Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Finally, Wall Street Zen upgraded Mercury Systems from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $95.78.

Mercury Systems Price Performance

Shares of NASDAQ:MRCY opened at $98.26 on Tuesday. The company has a market cap of $5.90 billion, a PE ratio of -409.42 and a beta of 0.93. Mercury Systems Inc has a fifty-two week low of $49.86 and a fifty-two week high of $128.45. The firm has a 50-day simple moving average of $106.64 and a 200 day simple moving average of $92.25. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.40.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. Mercury Systems had a negative net margin of 1.46% and a positive return on equity of 2.22%. The firm had revenue of $235.76 million for the quarter, compared to analysts’ expectations of $208.56 million. During the same quarter last year, the company posted $0.06 earnings per share. Mercury Systems’s revenue was up 11.5% on a year-over-year basis. On average, sell-side analysts anticipate that Mercury Systems Inc will post 0.3 EPS for the current year.

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.