Rice Hall James & Associates LLC Has $3.56 Million Stock Holdings in Mercury Systems Inc $MRCY

Rice Hall James & Associates LLC lessened its stake in shares of Mercury Systems Inc (NASDAQ:MRCY) by 8.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,817 shares of the technology company’s stock after selling 4,523 shares during the period. Rice Hall James & Associates LLC owned 0.08% of Mercury Systems worth $3,564,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC grew its holdings in Mercury Systems by 47.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 5,843 shares of the technology company’s stock valued at $427,000 after purchasing an additional 1,872 shares during the last quarter. Verition Fund Management LLC grew its stake in shares of Mercury Systems by 81.9% in the fourth quarter. Verition Fund Management LLC now owns 14,900 shares of the technology company’s stock worth $1,088,000 after acquiring an additional 6,709 shares during the last quarter. Kennedy Capital Management LLC grew its stake in shares of Mercury Systems by 2.1% in the fourth quarter. Kennedy Capital Management LLC now owns 670,489 shares of the technology company’s stock worth $48,952,000 after acquiring an additional 13,476 shares during the last quarter. Barclays PLC grew its stake in shares of Mercury Systems by 1.6% in the fourth quarter. Barclays PLC now owns 149,172 shares of the technology company’s stock worth $10,891,000 after acquiring an additional 2,301 shares during the last quarter. Finally, Agman Capital LLC acquired a new stake in shares of Mercury Systems in the fourth quarter worth $8,968,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

Insider Buying and Selling at Mercury Systems

In other Mercury Systems news, EVP David E. Farnsworth sold 3,625 shares of Mercury Systems 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 sale, the executive vice president owned 157,701 shares in the company, valued at $13,384,083.87. The trade was a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Howard L. Lance sold 9,250 shares of Mercury Systems stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $99.76, for a total transaction of $922,780.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,875 shares of company stock worth $2,040,874 over the last three months. 1.40% of the stock is currently owned by corporate insiders.

Mercury Systems Stock Down 3.0%

MRCY opened at $112.44 on Wednesday. Mercury Systems Inc has a fifty-two week low of $48.75 and a fifty-two week high of $122.17. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.19 and a quick ratio of 2.15. The firm’s fifty day moving average price is $93.90 and its two-hundred day moving average price is $86.57. The company has a market capitalization of $6.75 billion, a P/E ratio of -468.50 and a beta of 0.94.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly 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. 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 the consensus estimate of $208.56 million. During the same quarter in the previous year, the company earned $0.06 earnings per share. The business’s revenue was up 11.5% compared to the same quarter last year. On average, analysts anticipate that Mercury Systems Inc will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Truist Financial upgraded shares of Mercury Systems to a “strong-buy” rating in a research note on Friday, May 1st. The Goldman Sachs Group raised their price objective 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. Weiss Ratings restated a “sell (d-)” rating on shares of Mercury Systems in a research note on Tuesday, April 21st. Canaccord Genuity Group raised their price objective on shares of Mercury Systems from $102.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $105.00 price objective on shares of Mercury Systems in a research note on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $91.00.

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.