Mercury Systems Inc $MRCY Shares Purchased by Calamos Advisors LLC

Calamos Advisors LLC grew its holdings in shares of Mercury Systems Inc (NASDAQ:MRCY) by 13.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,479 shares of the technology company’s stock after buying an additional 6,635 shares during the quarter. Calamos Advisors LLC’s holdings in Mercury Systems were worth $4,118,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Nordea Investment Management AB purchased a new stake in Mercury Systems during the 4th quarter worth $4,954,000. Penn Capital Management Company LLC acquired a new position in shares of Mercury Systems during the third quarter worth about $14,292,000. One Capital Management LLC lifted its stake in shares of Mercury Systems by 43.6% during the fourth quarter. One Capital Management LLC now owns 29,300 shares of the technology company’s stock worth $2,139,000 after purchasing an additional 8,893 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Mercury Systems by 45.6% in the fourth quarter. Bessemer Group Inc. now owns 399,496 shares of the technology company’s stock worth $29,168,000 after buying an additional 125,194 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Mercury Systems in the first quarter worth about $1,706,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

Insiders Place Their Bets

In other news, Director Howard L. Lance sold 9,250 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $99.76, for a total value of $922,780.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Orlando D. Carvalho sold 7,000 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $89.36, for a total transaction of $625,520.00. Following the transaction, the director directly owned 52,448 shares in the company, valued at $4,686,753.28. The trade was a 11.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,250 shares of company stock valued at $1,733,220 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Canaccord Genuity Group increased their target price on Mercury Systems from $102.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Zacks Research raised Mercury Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Wall Street Zen upgraded Mercury Systems from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Truist Financial raised shares of Mercury Systems to a “strong-buy” rating in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Mercury Systems from $99.00 to $101.00 and gave the company a “neutral” rating in a research note on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Mercury Systems has a consensus rating of “Moderate Buy” and a consensus price target of $95.78.

Mercury Systems Stock Performance

Mercury Systems stock opened at $102.97 on Thursday. Mercury Systems Inc has a 52 week low of $50.13 and a 52 week high of $128.45. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.40. The stock has a market cap of $6.18 billion, a P/E ratio of -429.04 and a beta of 0.93. The stock has a 50 day moving average of $107.22 and a 200-day moving average of $92.63.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share. On average, analysts expect that Mercury Systems Inc will post 0.3 EPS for the current fiscal 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.