Rice Hall James & Associates LLC Has $4.13 Million Position in Mercury Systems Inc $MRCY

Rice Hall James & Associates LLC lessened its holdings in Mercury Systems Inc (NASDAQ:MRCY) by 28.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,340 shares of the technology company’s stock after selling 20,859 shares during the period. Rice Hall James & Associates LLC owned about 0.09% of Mercury Systems worth $4,129,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Osaic Holdings Inc. increased its holdings in shares of Mercury Systems by 53.2% in the 2nd 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. Brevan Howard Capital Management LP grew its position in Mercury Systems by 0.9% during the second quarter. Brevan Howard Capital Management LP now owns 22,861 shares of the technology company’s stock valued at $1,231,000 after purchasing an additional 211 shares in the last quarter. Cerity Partners LLC increased its stake in Mercury Systems by 0.4% in the 2nd quarter. Cerity Partners LLC now owns 57,552 shares of the technology company’s stock valued at $3,100,000 after buying an additional 218 shares during the period. EverSource Wealth Advisors LLC lifted its position in Mercury Systems by 33.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 929 shares of the technology company’s stock worth $50,000 after buying an additional 234 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Mercury Systems by 25.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,322 shares of the technology company’s stock valued at $71,000 after buying an additional 264 shares during the period. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MRCY. Raymond James Financial reissued a “strong-buy” rating and set a $100.00 price objective on shares of Mercury Systems in a research report on Wednesday, November 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Mercury Systems in a report on Wednesday, October 8th. Wall Street Zen downgraded Mercury Systems from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. UBS Group set a $88.00 target price on shares of Mercury Systems in a research note on Thursday, October 2nd. Finally, Truist Financial raised their price target on shares of Mercury Systems from $71.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Mercury Systems has a consensus rating of “Moderate Buy” and a consensus price target of $81.00.

Insider Buying and Selling

In related news, Director Jana Partners Management, Lp sold 1,000,000 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $75.45, for a total transaction of $75,450,000.00. Following the completion of the transaction, the director directly owned 4,966,675 shares in the company, valued at $374,735,628.75. This represents a 16.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Douglas Munro sold 1,329 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $73.42, for a total transaction of $97,575.18. Following the transaction, the chief accounting officer directly owned 14,678 shares of the company’s stock, valued at $1,077,658.76. This represents a 8.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,003,029 shares of company stock valued at $75,673,358. 1.40% of the stock is owned by company insiders.

Mercury Systems Stock Performance

Shares of MRCY opened at $74.22 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.37 and a quick ratio of 2.31. Mercury Systems Inc has a one year low of $39.42 and a one year high of $85.33. The company’s fifty day moving average price is $72.89 and its 200 day moving average price is $66.36. The company has a market capitalization of $4.46 billion, a PE ratio of -130.21, a price-to-earnings-growth ratio of 3.31 and a beta of 0.84.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, June 7th. The technology company reported $0.64 EPS for the quarter. Mercury Systems had a positive return on equity of 1.14% and a negative net margin of 3.53%.The business had revenue of $256.86 million for the quarter. As a group, analysts expect that Mercury Systems Inc will post -0.08 earnings per share for the current year.

Mercury Systems Company 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.