Lisanti Capital Growth LLC Invests $5.07 Million in Mercury Systems Inc $MRCY

Lisanti Capital Growth LLC purchased a new stake in shares of Mercury Systems Inc (NASDAQ:MRCY) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 41,450 shares of the technology company’s stock, valued at approximately $5,071,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MRCY. BlackRock Inc. bought a new position in Mercury Systems in the 2nd quarter worth approximately $1,146,342,000. State Street Corp lifted its holdings in Mercury Systems by 12.1% during the 4th quarter. State Street Corp now owns 3,423,600 shares of the technology company’s stock worth $249,957,000 after buying an additional 368,242 shares in the last quarter. Invesco Ltd. boosted its position in Mercury Systems by 25.1% in the 4th quarter. Invesco Ltd. now owns 1,910,742 shares of the technology company’s stock valued at $139,503,000 after buying an additional 383,299 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Mercury Systems by 1.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,542,851 shares of the technology company’s stock valued at $112,644,000 after buying an additional 21,182 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Mercury Systems by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 1,368,659 shares of the technology company’s stock valued at $99,940,000 after buying an additional 47,174 shares during the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Key Headlines Impacting Mercury Systems

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

• Positive Sentiment: Record fourth-quarter bookings surged 93.1% year over year to $660 million, producing a 2.28 book-to-bill ratio. Backlog surpassed $1.9 billion, up 38.4%, improving visibility as production ramps. Mercury Systems Reports Fourth Quarter and Fiscal 2026 Results
• Positive Sentiment: Fourth-quarter revenue reached a record $289.8 million, up 6.1% year over year and well above the approximately $266.1 million analyst consensus. Fiscal 2026 revenue rose to $984 million from $912 million. Mercury Systems Q4 Earnings in Line, Revenues Top on Bookings
• Positive Sentiment: RBC raised its price target to $120 and Baird lifted its target to $130; both firms now rate MRCY “outperform.” Piper Sandler also reaffirmed its “overweight” rating and increased its target to $131. Analysts Raise Forecasts on Mercury Systems
• Neutral Sentiment: CEO William Ballhaus and several executive officers sold shares to cover tax-withholding obligations tied to equity-award vesting. The transactions reduced their holdings but were not discretionary investment sales, limiting their negative significance. SEC Insider Trading Filing
• Negative Sentiment: Adjusted EPS was $0.37, slightly below the $0.38 consensus and down from $0.47 a year earlier. GAAP earnings fell to approximately $0.01 per share from $0.27, while adjusted EBITDA and free cash flow also declined year over year. Why Mercury Systems Stock Is Sinking Today

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MRCY shares. Piper Sandler restated an “overweight” rating and set a $131.00 target price (up from $126.00) on shares of Mercury Systems in a research report on Wednesday. Robert W. Baird raised their price target on Mercury Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Mercury Systems in a research report on Friday, July 17th. Zacks Research cut Mercury Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft cut Mercury Systems to a “hold” rating in a report on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $106.80.

Insider Buying and Selling

In other news, CEO William L. Ballhaus sold 24,144 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $111.36, for a total value of $2,688,675.84. Following the completion of the sale, the chief executive officer directly owned 277,009 shares of the company’s stock, valued at $30,847,722.24. This represents a 8.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Steven Ratner sold 1,971 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $111.36, for a total transaction of $219,490.56. Following the completion of the sale, the executive vice president owned 26,488 shares in the company, valued at $2,949,703.68. This represents a 6.93% 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. Insiders sold a total of 51,948 shares of company stock worth $5,666,964 over the last quarter. Insiders own 1.40% of the company’s stock.

Mercury Systems Stock Down 3.6%

Shares of Mercury Systems stock opened at $101.25 on Thursday. The business has a fifty day simple moving average of $108.62 and a 200 day simple moving average of $94.87. The stock has a market cap of $6.08 billion, a PE ratio of -202.50 and a beta of 0.95. 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 12 month low of $62.78 and a 12 month high of $128.45.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, August 18th. The technology company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). Mercury Systems had a negative net margin of 3.02% and a positive return on equity of 1.29%. The company had revenue of $289.78 million during the quarter, compared to analyst estimates of $266.09 million. During the same period in the previous year, the company posted $0.47 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. Research analysts predict that Mercury Systems Inc will post 0.77 EPS for the current 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.