32,405 Shares in Mercury Systems Inc $MRCY Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D acquired a new stake in shares of Mercury Systems Inc (NASDAQ:MRCY) in the third quarter, HoldingsChannel.com reports. The fund acquired 32,405 shares of the technology company’s stock, valued at approximately $2,508,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Salomon & Ludwin LLC bought a new position in shares of Mercury Systems during the third quarter worth $32,000. Osaic Holdings Inc. increased its holdings in 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 acquiring an additional 208 shares during the last quarter. Quaker Wealth Management LLC lifted its stake in Mercury Systems by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 644 shares of the technology company’s stock worth $35,000 after purchasing an additional 1,288 shares in the last quarter. Federated Hermes Inc. bought a new position in shares of Mercury Systems during the 2nd quarter valued at about $43,000. Finally, AlphaQuest LLC boosted its holdings in shares of Mercury Systems by 41.9% during the 3rd quarter. AlphaQuest LLC now owns 569 shares of the technology company’s stock valued at $44,000 after purchasing an additional 168 shares during the last quarter. Institutional investors own 95.99% of the company’s stock.

Mercury Systems Trading Down 2.5%

Shares of MRCY stock opened at $87.63 on Friday. The company has a market cap of $5.26 billion, a PE ratio of -165.34, a price-to-earnings-growth ratio of 7.26 and a beta of 0.75. Mercury Systems Inc has a 1 year low of $39.89 and a 1 year high of $103.84. The stock’s 50 day simple moving average is $85.90 and its two-hundred day simple moving average is $76.92. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.96 and a quick ratio of 2.04.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, February 3rd. The technology company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.09. Mercury Systems had a positive return on equity of 1.28% and a negative net margin of 3.23%.The firm had revenue of $232.87 million for the quarter, compared to the consensus estimate of $209.96 million. During the same quarter in the previous year, the company posted $0.07 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Research analysts predict that Mercury Systems Inc will post -0.08 earnings per share for the current year.

Insider Buying and Selling at Mercury Systems

In related news, Director Jana Partners Management, Lp sold 400,000 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $81.00, for a total transaction of $32,400,000.00. Following the transaction, the director directly owned 4,566,675 shares in the company, valued at approximately $369,900,675. This represents a 8.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Stuart Kupinsky sold 2,287 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $83.56, for a total transaction of $191,101.72. Following the completion of the sale, the executive vice president directly owned 68,010 shares in the company, valued at $5,682,915.60. This trade represents a 3.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 402,869 shares of company stock worth $32,639,734 over the last quarter. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on MRCY shares. Jefferies Financial Group reiterated a “hold” rating and issued a $85.00 target price on shares of Mercury Systems in a research report on Sunday, February 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of Mercury Systems in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mercury Systems in a report on Thursday, January 22nd. The Goldman Sachs Group raised their target price on shares of Mercury Systems from $49.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, January 20th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $100.00 price target on shares of Mercury Systems in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Mercury Systems presently has an average rating of “Hold” and a consensus target price of $86.89.

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.