Emerald Mutual Fund Advisers Trust Increases Holdings in Mercury Systems Inc $MRCY

Emerald Mutual Fund Advisers Trust lifted its holdings in Mercury Systems Inc (NASDAQ:MRCY) by 11.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 375,472 shares of the technology company’s stock after acquiring an additional 39,414 shares during the period. Mercury Systems accounts for approximately 1.3% of Emerald Mutual Fund Advisers Trust’s holdings, making the stock its 17th biggest holding. Emerald Mutual Fund Advisers Trust’s holdings in Mercury Systems were worth $27,376,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Nordea Investment Management AB purchased a new position in shares of Mercury Systems in the 4th quarter worth approximately $4,954,000. Penn Capital Management Company LLC purchased a new stake in Mercury Systems during the 3rd quarter valued at $14,292,000. One Capital Management LLC raised its holdings in Mercury Systems by 43.6% during the 4th quarter. One Capital Management LLC now owns 29,300 shares of the technology company’s stock valued at $2,139,000 after buying an additional 8,893 shares during the period. Bessemer Group Inc. raised its holdings in Mercury Systems by 45.6% during the 4th quarter. Bessemer Group Inc. now owns 399,496 shares of the technology company’s stock valued at $29,168,000 after buying an additional 125,194 shares during the period. Finally, Louisiana State Employees Retirement System bought a new stake in Mercury Systems in the first quarter worth $1,706,000. Institutional investors own 95.99% of the company’s stock.

Insider Buying and Selling at Mercury Systems

In other Mercury Systems 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 Securities & Exchange Commission, which is accessible through this link. Also, Director Orlando D. Carvalho sold 7,000 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $89.36, for a total value of $625,520.00. Following the sale, the director directly owned 52,448 shares in the company, valued at $4,686,753.28. This trade represents a 11.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 21,875 shares of company stock worth $2,040,874. 1.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on MRCY shares. Truist Financial raised shares of Mercury Systems to a “strong-buy” rating in a research note on Friday, May 1st. The Goldman Sachs Group increased their target price on shares of Mercury Systems from $60.00 to $68.00 and gave the company a “sell” rating in a research note on Monday, May 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Mercury Systems in a report on Tuesday, April 21st. Wall Street Zen raised shares of Mercury Systems from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, Canaccord Genuity Group upped their price target on shares of Mercury Systems from $102.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.78.

Mercury Systems Stock Down 9.0%

NASDAQ:MRCY opened at $98.26 on Tuesday. Mercury Systems Inc has a 1-year low of $49.86 and a 1-year high of $128.45. The company has a 50-day moving average of $106.64 and a 200 day moving average of $92.25. The firm has a market cap of $5.90 billion, a PE ratio of -409.42 and a beta of 0.93. 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 posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.06 by $0.21. The business had revenue of $235.76 million during the quarter, compared to analyst estimates of $208.56 million. Mercury Systems had a negative net margin of 1.46% and a positive return on equity of 2.22%. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 EPS. As a group, research analysts anticipate that Mercury Systems Inc will post 0.3 EPS 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.