Jackson Creek Investment Advisors LLC Takes $1.52 Million Position in Mercury Systems Inc (NASDAQ:MRCY)

Jackson Creek Investment Advisors LLC bought a new position in shares of Mercury Systems Inc (NASDAQ:MRCY) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 35,236 shares of the technology company’s stock, valued at approximately $1,518,000. Jackson Creek Investment Advisors LLC owned 0.06% of Mercury Systems at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rice Hall James & Associates LLC acquired a new stake in Mercury Systems in the first quarter valued at approximately $1,992,000. Envestnet Asset Management Inc. boosted its position in Mercury Systems by 56.9% in the first quarter. Envestnet Asset Management Inc. now owns 15,283 shares of the technology company’s stock worth $659,000 after purchasing an additional 5,545 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in Mercury Systems by 37.8% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,204 shares of the technology company’s stock worth $267,000 after purchasing an additional 1,702 shares during the last quarter. Calamos Advisors LLC purchased a new position in shares of Mercury Systems during the 1st quarter valued at $848,000. Finally, Principal Financial Group Inc. raised its stake in shares of Mercury Systems by 11.8% during the 1st quarter. Principal Financial Group Inc. now owns 274,954 shares of the technology company’s stock valued at $11,848,000 after purchasing an additional 29,074 shares during the period. 95.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mercury Systems

In other news, EVP Steven Ratner sold 3,892 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $47.70, for a total transaction of $185,648.40. Following the completion of the sale, the executive vice president owned 56,187 shares in the company, valued at approximately $2,680,119.90. This represents a 6.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jana Partners Management, Lp sold 88,152 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $46.27, for a total value of $4,078,793.04. Following the sale, the director owned 6,861,313 shares of the company’s stock, valued at approximately $317,472,952.51. This represents a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,883 shares of company stock valued at $4,362,791 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Mercury Systems Stock Performance

NASDAQ MRCY traded up $1.04 on Friday, hitting $53.24. 42,978 shares of the company traded hands, compared to its average volume of 574,785. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of -47.52, a P/E/G ratio of 10.69 and a beta of 0.71. The company has a current ratio of 3.44, a quick ratio of 2.25 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average price is $50.15 and its 200-day moving average price is $46.65. Mercury Systems Inc has a 52-week low of $31.66 and a 52-week high of $54.32.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Mercury Systems had a negative return on equity of 0.77% and a negative net margin of 7.33%. The business had revenue of $211.36 million for the quarter, compared to the consensus estimate of $204.25 million. During the same period in the previous year, the business earned ($0.26) earnings per share. The business’s revenue was up 1.5% on a year-over-year basis. Equities analysts expect that Mercury Systems Inc will post -0.08 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MRCY shares. Truist Financial upped their target price on Mercury Systems from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, June 2nd. The Goldman Sachs Group increased their target price on Mercury Systems from $30.00 to $33.00 and gave the stock a “sell” rating in a research report on Monday, May 12th. JPMorgan Chase & Co. raised their price objective on Mercury Systems from $48.00 to $56.00 and gave the company a “neutral” rating in a research report on Monday, June 16th. Finally, Royal Bank Of Canada lifted their target price on Mercury Systems from $50.00 to $55.00 and gave the stock a “sector perform” rating in a report on Thursday, July 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $50.29.

Mercury Systems Company Profile

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.