Mercury Systems Inc $MRCY is Segall Bryant & Hamill LLC’s 10th Largest Position

Segall Bryant & Hamill LLC boosted its holdings in shares of Mercury Systems Inc (NASDAQ:MRCY) by 46.9% in the first quarter, Holdings Channel.com reports. The fund owned 934,824 shares of the technology company’s stock after acquiring an additional 298,298 shares during the quarter. Mercury Systems comprises 0.8% of Segall Bryant & Hamill LLC’s portfolio, making the stock its 10th biggest holding. Segall Bryant & Hamill LLC’s holdings in Mercury Systems were worth $68,158,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of MRCY. Leonteq Securities AG purchased a new stake in Mercury Systems in the fourth quarter worth $35,000. Hollencrest Capital Management purchased a new stake in shares of Mercury Systems during the fourth quarter valued at $37,000. Osaic Holdings Inc. boosted its stake in shares of Mercury Systems by 53.2% during the second quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock valued at $32,000 after purchasing an additional 208 shares during the period. Rockefeller Capital Management L.P. grew its holdings in shares of Mercury Systems by 53.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 653 shares of the technology company’s stock worth $48,000 after purchasing an additional 228 shares during the last quarter. Finally, Federated Hermes Inc. bought a new position in shares of Mercury Systems in the second quarter worth about $43,000. Institutional investors own 95.99% of the company’s stock.

Analyst Ratings Changes

MRCY has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Mercury Systems in a research report on Friday, July 17th. The Goldman Sachs Group upped their target price on shares of Mercury Systems from $60.00 to $68.00 and gave the stock 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 research report on Thursday, May 7th. Finally, Zacks Research raised shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Mercury Systems presently has an average rating of “Moderate Buy” and an average price target of $95.78.

Insiders Place Their Bets

In other news, Director Howard L. Lance sold 9,250 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $99.76, for a total value of $922,780.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Orlando D. Carvalho sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $89.36, for a total transaction of $625,520.00. Following the completion of the sale, the director directly owned 52,448 shares of the company’s stock, valued at $4,686,753.28. The trade was a 11.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,250 shares of company stock worth $1,733,220 in the last three months. Corporate insiders own 1.40% of the company’s stock.

Mercury Systems Price Performance

MRCY opened at $97.10 on Friday. Mercury Systems Inc has a 12-month low of $50.13 and a 12-month high of $128.45. 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 business’s fifty day simple moving average is $108.47 and its 200-day simple moving average is $94.10. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of -404.58 and a beta of 0.93.

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

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.