Kennedy Capital Management LLC Purchases 13,476 Shares of Mercury Systems Inc $MRCY

Kennedy Capital Management LLC lifted its position in shares of Mercury Systems Inc (NASDAQ:MRCY) by 2.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 670,489 shares of the technology company’s stock after purchasing an additional 13,476 shares during the period. Mercury Systems accounts for 1.0% of Kennedy Capital Management LLC’s holdings, making the stock its 4th biggest position. Kennedy Capital Management LLC’s holdings in Mercury Systems were worth $48,952,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MRCY. AQR Capital Management LLC purchased a new stake in Mercury Systems in the 1st quarter valued at $755,000. Goldman Sachs Group Inc. raised its position in Mercury Systems by 51.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 855,441 shares of the technology company’s stock valued at $36,861,000 after buying an additional 290,989 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Mercury Systems by 13.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,617 shares of the technology company’s stock valued at $6,878,000 after buying an additional 18,916 shares during the last quarter. Jane Street Group LLC raised its position in Mercury Systems by 161.3% in the 1st quarter. Jane Street Group LLC now owns 50,769 shares of the technology company’s stock valued at $2,188,000 after buying an additional 31,337 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Mercury Systems by 30.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 124,973 shares of the technology company’s stock valued at $6,731,000 after buying an additional 29,057 shares during the last quarter. 95.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Howard L. Lance sold 9,250 shares of the firm’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David E. Farnsworth sold 3,625 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $84.87, for a total value of $307,653.75. Following the sale, the executive vice president directly owned 157,701 shares of the company’s stock, valued at approximately $13,384,083.87. This represents a 2.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 21,875 shares of company stock valued at $2,040,874. 1.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MRCY shares. The Goldman Sachs Group increased their price target on Mercury Systems from $60.00 to $68.00 and gave the company a “sell” rating in a research report on Monday, May 11th. Jefferies Financial Group reissued a “hold” rating and issued a $105.00 price target on shares of Mercury Systems in a research report on Monday, June 1st. Canaccord Genuity Group increased their price target on Mercury Systems from $102.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Mercury Systems in a research report on Tuesday, April 21st. Finally, Truist Financial raised Mercury Systems to a “strong-buy” rating in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.00.

Mercury Systems Trading Up 0.8%

Shares of Mercury Systems stock opened at $120.30 on Friday. Mercury Systems Inc has a 1 year low of $48.75 and a 1 year high of $121.37. The firm has a market cap of $7.22 billion, a PE ratio of -501.25 and a beta of 0.94. The stock has a fifty day moving average price of $92.30 and a 200-day moving average price of $85.80. 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 (NASDAQ:MRCY) last announced its earnings results on Tuesday, May 5th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.21. Mercury Systems had a positive return on equity of 2.22% and a negative net margin of 1.46%.The firm had revenue of $235.76 million during the quarter, compared to analyst estimates of $208.56 million. During the same period last year, the firm posted $0.06 EPS. The business’s revenue was up 11.5% compared to the same quarter last year. Equities research analysts anticipate that Mercury Systems Inc will post 0.18 EPS for the current year.

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.