Mercury Systems Inc $MRCY Shares Bought by Penn Capital Management Company LLC

Penn Capital Management Company LLC grew its position in shares of Mercury Systems Inc (NASDAQ:MRCY) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 191,883 shares of the technology company’s stock after purchasing an additional 7,729 shares during the period. Penn Capital Management Company LLC owned approximately 0.32% of Mercury Systems worth $14,047,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in MRCY. Osaic Holdings Inc. lifted its stake in Mercury Systems by 53.2% during the second quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock worth $32,000 after purchasing an additional 208 shares in the last quarter. Leonteq Securities AG purchased a new stake in shares of Mercury Systems during the fourth quarter worth $35,000. Federated Hermes Inc. purchased a new stake in shares of Mercury Systems during the second quarter worth $43,000. AlphaQuest LLC raised its stake in shares of Mercury Systems by 41.9% in the third quarter. AlphaQuest LLC now owns 569 shares of the technology company’s stock valued at $44,000 after acquiring an additional 168 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Mercury Systems by 33.7% in the second quarter. EverSource Wealth Advisors LLC now owns 929 shares of the technology company’s stock valued at $50,000 after acquiring an additional 234 shares in the last quarter. 95.99% of the stock is currently owned by institutional investors and hedge funds.

Mercury Systems Stock Performance

NASDAQ:MRCY opened at $99.32 on Wednesday. The firm has a market capitalization of $5.96 billion, a PE ratio of -413.83 and a beta of 0.83. The business’s fifty day moving average price is $83.19 and its 200 day moving average price is $82.19. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.19 and a quick ratio of 2.15. Mercury Systems Inc has a 12 month low of $47.53 and a 12 month high of $103.84.

Mercury Systems (NASDAQ:MRCY) last posted its 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%.Mercury Systems’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 earnings per share. On average, sell-side analysts anticipate that Mercury Systems Inc will post 0.18 earnings per share for the current fiscal year.

Insider Activity at Mercury Systems

In other Mercury Systems news, Director Orlando D. Carvalho sold 7,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $89.36, for a total value of $625,520.00. Following the completion of the transaction, the director owned 52,448 shares in the company, valued at $4,686,753.28. This represents a 11.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jana Partners Management, Lp sold 182,510 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were 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 of the company’s stock, valued at $412,330,718.25. This represents a 4.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 464,682 shares of company stock worth $42,530,339. Insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

MRCY has been the topic of several analyst reports. Jefferies Financial Group reiterated a “hold” rating and issued a $95.00 price objective on shares of Mercury Systems in a research note on Sunday, May 10th. Canaccord Genuity Group increased their price objective on Mercury Systems from $102.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. The Goldman Sachs Group increased 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Mercury Systems in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $105.00 price objective on shares of Mercury Systems in a research note on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Mercury Systems has an average rating of “Moderate Buy” and an average price target of $89.89.

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.