Barclays PLC grew its position in Mercury Systems Inc (NASDAQ:MRCY) by 120.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,742 shares of the technology company’s stock after acquiring an additional 9,691 shares during the quarter. Barclays PLC’s holdings in Mercury Systems were worth $858,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Stephens Investment Management Group LLC acquired a new stake in shares of Mercury Systems in the first quarter valued at approximately $26,185,000. Geode Capital Management LLC lifted its holdings in shares of Mercury Systems by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 428,137 shares of the technology company’s stock worth $21,984,000 after purchasing an additional 2,832 shares during the period. Swiss National Bank lifted its holdings in shares of Mercury Systems by 2.8% during the fourth quarter. Swiss National Bank now owns 82,000 shares of the technology company’s stock worth $4,211,000 after purchasing an additional 2,200 shares during the period. Castleark Management LLC lifted its holdings in shares of Mercury Systems by 5.8% during the fourth quarter. Castleark Management LLC now owns 192,186 shares of the technology company’s stock worth $9,869,000 after purchasing an additional 10,480 shares during the period. Finally, Hanseatic Management Services Inc. lifted its holdings in shares of Mercury Systems by 14,884.2% during the fourth quarter. Hanseatic Management Services Inc. now owns 5,694 shares of the technology company’s stock worth $292,000 after purchasing an additional 5,656 shares during the period. 96.39% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Mercury Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday. ValuEngine downgraded Mercury Systems from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Jefferies Financial Group reaffirmed a “hold” rating and set a $44.00 price target on shares of Mercury Systems in a report on Thursday, April 26th. Finally, Bank of America downgraded Mercury Systems from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $50.00 to $35.00 in a report on Wednesday, April 25th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $51.33.
Shares of Mercury Systems opened at $37.63 on Wednesday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.95 and a quick ratio of 2.47. Mercury Systems Inc has a 1-year low of $30.11 and a 1-year high of $55.00. The firm has a market cap of $1.82 billion, a P/E ratio of 39.61, a P/E/G ratio of 3.28 and a beta of 0.42.
Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, April 24th. The technology company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.05). The company had revenue of $116.30 million for the quarter, compared to analyst estimates of $128.45 million. Mercury Systems had a return on equity of 6.83% and a net margin of 8.68%. Mercury Systems’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 earnings per share. sell-side analysts predict that Mercury Systems Inc will post 1.11 earnings per share for the current fiscal year.
In other Mercury Systems news, CFO Michael Ruppert acquired 3,100 shares of the business’s stock in a transaction on Monday, May 7th. The stock was purchased at an average price of $32.66 per share, for a total transaction of $101,246.00. Following the completion of the transaction, the chief financial officer now owns 120,346 shares of the company’s stock, valued at approximately $3,930,500.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Didier M. C. Thibaud sold 3,500 shares of the stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $48.01, for a total value of $168,035.00. Following the completion of the transaction, the chief operating officer now owns 348,440 shares of the company’s stock, valued at approximately $16,728,604.40. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.
About Mercury Systems
Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. The company's products and solutions are deployed in approximately 300 programs with 25 defense prime contractors. Its principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, and Paveway.
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