New York State Teachers Retirement System Reduces Stock Holdings in Mercury Systems Inc $MRCY

New York State Teachers Retirement System reduced its position in shares of Mercury Systems Inc (NASDAQ:MRCY) by 15.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 50,885 shares of the technology company’s stock after selling 9,026 shares during the quarter. New York State Teachers Retirement System’s holdings in Mercury Systems were worth $3,710,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC lifted its stake in shares of Mercury Systems by 15.4% in the 4th quarter. Signaturefd LLC now owns 804 shares of the technology company’s stock worth $59,000 after purchasing an additional 107 shares during the period. Maryland State Retirement & Pension System grew its position in Mercury Systems by 1.8% during the fourth quarter. Maryland State Retirement & Pension System now owns 7,714 shares of the technology company’s stock valued at $563,000 after buying an additional 134 shares during the period. GAMMA Investing LLC grew its position in Mercury Systems by 11.3% during the fourth quarter. GAMMA Investing LLC now owns 1,781 shares of the technology company’s stock valued at $130,000 after buying an additional 181 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Mercury Systems by 1.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,058 shares of the technology company’s stock valued at $880,000 after buying an additional 187 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in Mercury Systems by 1.3% during the fourth quarter. Arizona State Retirement System now owns 15,211 shares of the technology company’s stock valued at $1,111,000 after buying an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Insider Transactions at Mercury Systems

In other news, Director Howard L. Lance sold 9,250 shares of the stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Orlando D. Carvalho sold 7,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $89.36, for a total transaction of $625,520.00. Following the completion of the transaction, the director directly owned 52,448 shares of the company’s stock, valued at approximately $4,686,753.28. This trade represents a 11.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 21,875 shares of company stock worth $2,040,874. 1.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MRCY shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Mercury Systems in a research note on Tuesday, April 21st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $105.00 target price on shares of Mercury Systems in a report on Monday, June 1st. Zacks Research upgraded Mercury Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday. The Goldman Sachs Group boosted their price target on Mercury Systems from $60.00 to $68.00 and gave the company a “sell” rating in a report on Monday, May 11th. Finally, Truist Financial upgraded Mercury Systems to a “strong-buy” rating in a research report on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Mercury Systems currently has an average rating of “Moderate Buy” and a consensus price target of $91.00.

Key Headlines Impacting Mercury Systems

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

• Positive Sentiment: Zacks Research upgraded Mercury Systems to Strong Buy, signaling a more bullish outlook on the defense electronics company and potentially attracting additional buyers.
• Positive Sentiment: Analysts raised several forward earnings forecasts, including FY2027 EPS to $0.67 from $0.63 and FY2028 EPS to $1.25 from $1.19, reinforcing expectations for stronger profitability ahead.
• Positive Sentiment: Some near-term estimate changes were also favorable, including increases to Q1 2028 EPS and Q3 2027 EPS, which can support sentiment around the company’s earnings trajectory. Article Title
• Neutral Sentiment: Not all revisions were positive: Zacks trimmed a few estimates for FY2026, Q4 2026, Q2 2027, Q3 2027, and Q4 2027, indicating some short-term caution even as the longer-term view improved.
• Negative Sentiment: A Seeking Alpha piece argued that Mercury Systems’ investment thesis has largely played out and labeled the stock a sell, which could weigh on sentiment. Article Title

Mercury Systems Stock Up 1.6%

MRCY opened at $114.25 on Friday. The company has a market capitalization of $6.86 billion, a PE ratio of -476.04 and a beta of 0.93. The firm has a 50-day simple moving average of $105.59 and a two-hundred day simple moving average of $91.84. 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 52 week low of $49.86 and a 52 week high of $128.45.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.21. The firm had revenue of $235.76 million for the quarter, compared to analysts’ expectations of $208.56 million. Mercury Systems had a positive return on equity of 2.22% and a negative net margin of 1.46%.The business’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 earnings per share. Analysts forecast that Mercury Systems Inc will post 0.3 earnings per share for the current fiscal 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.