Mercury Systems Inc $MRCY Shares Sold by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. lowered its stake in Mercury Systems Inc (NASDAQ:MRCY) by 53.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,907 shares of the technology company’s stock after selling 18,310 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Mercury Systems were worth $1,231,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Loomis Sayles & Co. L P grew its holdings in shares of Mercury Systems by 321.7% in the 2nd quarter. Loomis Sayles & Co. L P now owns 992,610 shares of the technology company’s stock worth $53,462,000 after acquiring an additional 757,216 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Mercury Systems by 287.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 693,867 shares of the technology company’s stock valued at $56,328,000 after purchasing an additional 514,756 shares during the period. Emerald Advisers LLC acquired a new position in shares of Mercury Systems in the 2nd quarter valued at $24,599,000. Conestoga Capital Advisors LLC increased its stake in Mercury Systems by 13.3% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 2,558,935 shares of the technology company’s stock worth $137,824,000 after purchasing an additional 300,749 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Mercury Systems by 51.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 855,441 shares of the technology company’s stock worth $36,861,000 after buying an additional 290,989 shares during the period. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Stock Up 2.6%

Shares of Mercury Systems stock opened at $82.36 on Friday. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of -155.40, a P/E/G ratio of 6.65 and a beta of 0.75. The stock has a 50-day simple moving average of $84.71 and a 200-day simple moving average of $75.60. Mercury Systems Inc has a 52-week low of $39.89 and a 52-week high of $103.84. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.96 and a quick ratio of 2.04.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.09. The firm had revenue of $232.87 million for the quarter, compared to the consensus estimate of $209.96 million. Mercury Systems had a positive return on equity of 1.28% and a negative net margin of 3.23%.The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 earnings per share. On average, equities research analysts expect that Mercury Systems Inc will post -0.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

MRCY has been the subject of a number of analyst reports. Truist Financial raised their target price on shares of Mercury Systems from $102.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Mercury Systems in a report on Thursday, January 22nd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $100.00 price objective on shares of Mercury Systems in a research note on Wednesday, November 5th. Jefferies Financial Group reiterated a “hold” rating and set a $85.00 price objective on shares of Mercury Systems in a research report on Sunday, February 8th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $105.00 target price on shares of Mercury Systems in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $86.89.

Insider Activity at Mercury Systems

In other news, Director Jana Partners Management, Lp sold 400,000 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $81.00, for a total transaction of $32,400,000.00. Following the transaction, the director owned 4,566,675 shares in the company, valued at approximately $369,900,675. This trade represents a 8.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is currently owned by company insiders.

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.