61,166 Shares in Mercury Systems Inc $MRCY Acquired by Deepwater Asset Management LLC

Deepwater Asset Management LLC purchased a new position in Mercury Systems Inc (NASDAQ:MRCY) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 61,166 shares of the technology company’s stock, valued at approximately $7,482,000. Mercury Systems accounts for 3.4% of Deepwater Asset Management LLC’s portfolio, making the stock its 13th biggest holding. Deepwater Asset Management LLC owned about 0.10% of Mercury Systems at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Osaic Holdings Inc. lifted its position 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 worth $32,000 after purchasing an additional 208 shares in the last quarter. Leonteq Securities AG acquired a new position in Mercury Systems in the 4th quarter worth $35,000. Hollencrest Capital Management purchased a new position in Mercury Systems in the 4th quarter valued at about $37,000. Federated Hermes Inc. purchased a new position in Mercury Systems in the 2nd quarter valued at about $43,000. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Mercury Systems by 53.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 653 shares of the technology company’s stock valued at $48,000 after acquiring an additional 228 shares in the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Insiders Place Their Bets

In related news, Director Howard L. Lance sold 9,250 shares of the company’s 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. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Mercury Systems Stock Performance

MRCY opened at $105.00 on Wednesday. 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 Inc has a fifty-two week low of $62.78 and a fifty-two week high of $128.45. The firm has a market cap of $6.30 billion, a PE ratio of -437.50 and a beta of 0.95. The business has a fifty day simple moving average of $108.73 and a 200-day simple moving average of $94.85.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, August 18th. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). Mercury Systems had a positive return on equity of 2.22% and a negative net margin of 1.46%.The company had revenue of $289.78 million for the quarter, compared to analyst estimates of $266.09 million. During the same quarter in the previous year, the firm posted $0.47 EPS. Mercury Systems’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, equities analysts predict that Mercury Systems Inc will post 0.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MRCY. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mercury Systems in a research report on Friday, July 17th. Zacks Research downgraded Mercury Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. increased their price objective on shares of Mercury Systems from $99.00 to $101.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Piper Sandler started coverage on Mercury Systems in a report on Wednesday, August 12th. They set an “overweight” rating and a $126.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Mercury Systems to a “hold” rating in a report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $102.00.

More Mercury Systems News

Here are the key news stories impacting Mercury Systems this week:

• Positive Sentiment: Mercury reported record fourth-quarter bookings of approximately $660 million, up 93.1% year over year, producing a 2.28 book-to-bill ratio. Backlog exceeded $1.9 billion, an increase of roughly 38%, providing stronger future-revenue visibility. Mercury Systems Reports Fourth Quarter and Fiscal 2026 Results
• Positive Sentiment: Fourth-quarter revenue reached a record approximately $290 million, up 6.1% year over year and above analysts’ expectations of about $266 million. Fiscal-year revenue also increased to $984 million from $912 million. Mercury Systems Q4 Revenue Reaches $290 Million as Bookings Hit Record $660 Million
• Neutral Sentiment: Adjusted fourth-quarter EPS was $0.37, described by one report as meeting consensus and by another as slightly below the $0.38 estimate. The result was below $0.47 a year earlier, making the earnings signal mixed. Mercury Systems Meets Q4 Earnings Estimates
• Negative Sentiment: GAAP earnings fell to approximately $0.01 per share from $0.27 a year earlier. Adjusted EBITDA declined to $49 million from $51 million, while free cash flow fell to $29 million from $34 million, raising concerns about margins and cash conversion. Mercury Systems Slides After Earnings Despite Record Bookings and Backlog
• Negative Sentiment: Investors may also be weighing a fiscal-year GAAP net loss of $29.7 million and lower operating and free cash flow compared with fiscal 2025. In addition, reported open-market insider activity over the past six months consisted of sales and no purchases, adding a potential sentiment headwind.

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.