SG Americas Securities LLC Has $1.08 Million Stock Holdings in Mercury Systems Inc $MRCY

SG Americas Securities LLC lessened its position in shares of Mercury Systems Inc (NASDAQ:MRCY) by 33.6% during the 1st quarter, HoldingsChannel reports. The fund owned 14,764 shares of the technology company’s stock after selling 7,463 shares during the quarter. SG Americas Securities LLC’s holdings in Mercury Systems were worth $1,076,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MRCY. Invesco Ltd. raised its holdings in Mercury Systems by 161.7% during the 3rd quarter. Invesco Ltd. now owns 1,527,443 shares of the technology company’s stock worth $118,224,000 after purchasing an additional 943,736 shares during the last quarter. First Trust Advisors LP lifted its position in Mercury Systems by 96.3% during the 3rd quarter. First Trust Advisors LP now owns 1,532,822 shares of the technology company’s stock valued at $118,640,000 after purchasing an additional 751,813 shares during the period. State Street Corp lifted its position 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 valued at $249,957,000 after purchasing an additional 368,242 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of 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 purchasing an additional 290,989 shares during the last quarter. Finally, Man Group plc bought a new position in shares of Mercury Systems in the 4th quarter valued at about $14,020,000. Institutional investors own 95.99% of the company’s stock.

Mercury Systems Price Performance

Mercury Systems stock opened at $126.21 on Friday. 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 firm has a market capitalization of $7.58 billion, a P/E ratio of -525.88 and a beta of 0.93. The business has a 50-day moving average of $102.49 and a 200-day moving average of $90.42. Mercury Systems Inc has a 1 year low of $49.86 and a 1 year high of $127.83.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.27 EPS for the quarter, topping 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 business had revenue of $235.76 million for the quarter, compared to the consensus estimate of $208.56 million. During the same quarter last year, the business posted $0.06 EPS. The firm’s revenue was up 11.5% compared to the same quarter last year. On average, equities analysts anticipate that Mercury Systems Inc will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

MRCY has been the subject of a number of recent research reports. Truist Financial raised shares of Mercury Systems to a “strong-buy” rating in a research note on Friday, May 1st. The Goldman Sachs Group raised their price objective 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 reaffirmed a “sell (d-)” rating on shares of Mercury Systems in a report on Tuesday, April 21st. Canaccord Genuity Group upped their target price on shares of Mercury Systems from $102.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen raised Mercury Systems from a “hold” rating to a “buy” rating in a research note on Saturday. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

Insider Transactions at Mercury Systems

In related news, Director Orlando D. Carvalho sold 7,000 shares of Mercury Systems stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $89.36, for a total value of $625,520.00. Following the sale, the director 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Howard L. Lance sold 9,250 shares of Mercury Systems stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $99.76, for a total value of $922,780.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 21,875 shares of company stock valued at $2,040,874 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.

About Mercury Systems

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.