Snyder Capital Management L P Has $60.48 Million Holdings in Mercury Systems Inc $MRCY

Snyder Capital Management L P decreased its position in shares of Mercury Systems Inc (NASDAQ:MRCY) by 18.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 781,404 shares of the technology company’s stock after selling 176,498 shares during the period. Snyder Capital Management L P owned about 1.30% of Mercury Systems worth $60,481,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MRCY. Cresset Asset Management LLC bought a new stake in shares of Mercury Systems during the third quarter valued at approximately $1,862,000. Picton Mahoney Asset Management acquired a new position in Mercury Systems during the 3rd quarter worth $367,000. Fisher Asset Management LLC boosted its position in Mercury Systems by 21.3% in the 3rd quarter. Fisher Asset Management LLC now owns 875,279 shares of the technology company’s stock valued at $67,747,000 after buying an additional 153,946 shares during the last quarter. Journey Strategic Wealth LLC bought a new position in Mercury Systems in the 3rd quarter valued at $236,000. Finally, MGB Wealth Management LLC acquired a new stake in shares of Mercury Systems in the 3rd quarter valued at $224,000. 95.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mercury Systems

In related news, EVP Stuart Kupinsky sold 2,287 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $83.56, for a total value of $191,101.72. Following the sale, the executive vice president directly owned 68,010 shares of the company’s stock, valued at approximately $5,682,915.60. The trade was a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jana Partners Management, Lp sold 100,899 shares of Mercury Systems stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $89.68, for a total value of $9,048,622.32. Following the completion of the sale, the director directly owned 4,114,618 shares in the company, valued at $368,998,942.24. This represents a 2.39% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 859,758 shares of company stock valued at $74,481,931. Insiders own 1.40% of the company’s stock.

Mercury Systems Stock Down 0.3%

Shares of Mercury Systems stock opened at $89.18 on Thursday. The company has a market capitalization of $5.35 billion, a P/E ratio of -168.26, a price-to-earnings-growth ratio of 8.66 and a beta of 0.77. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.96 and a quick ratio of 2.04. The business has a 50-day moving average of $88.59 and a two-hundred day moving average of $78.52. Mercury Systems Inc has a 1 year low of $39.89 and a 1 year high of $103.84.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.09. Mercury Systems had a positive return on equity of 1.28% and a negative net margin of 3.23%.The business had revenue of $232.87 million during the quarter, compared to analyst estimates of $209.96 million. During the same period in the previous year, the firm earned $0.07 EPS. Mercury Systems’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities analysts predict that Mercury Systems Inc will post -0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $105.00 price target on shares of Mercury Systems in a report on Wednesday, February 4th. Truist Financial raised their price objective on shares of Mercury Systems from $102.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Jefferies Financial Group reissued a “hold” rating and issued a $85.00 price target on shares of Mercury Systems in a research note on Sunday, February 8th. The Goldman Sachs Group lifted their price objective on Mercury Systems from $49.00 to $55.00 and gave the stock a “sell” rating in a research note on Tuesday, January 20th. Finally, Canaccord Genuity Group set a $102.00 target price on Mercury Systems in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $86.89.

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.