Mercury Systems Inc $MRCY Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its position in Mercury Systems Inc (NASDAQ:MRCY) by 16.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,227,975 shares of the technology company’s stock after selling 247,846 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Mercury Systems were worth $89,519,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new stake in shares of Mercury Systems during the first quarter valued at about $755,000. Goldman Sachs Group Inc. increased its position in shares of Mercury Systems by 51.6% during the first quarter. Goldman Sachs Group Inc. now owns 855,441 shares of the technology company’s stock worth $36,861,000 after acquiring an additional 290,989 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Mercury Systems by 13.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,617 shares of the technology company’s stock worth $6,878,000 after acquiring an additional 18,916 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Mercury Systems by 161.3% in the first quarter. Jane Street Group LLC now owns 50,769 shares of the technology company’s stock worth $2,188,000 after acquiring an additional 31,337 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Mercury Systems by 30.3% in the second quarter. JPMorgan Chase & Co. now owns 124,973 shares of the technology company’s stock valued at $6,731,000 after purchasing an additional 29,057 shares during the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Steven Ratner sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $92.46, for a total value of $184,920.00. Following the completion of the sale, the executive vice president owned 32,238 shares in the company, valued at approximately $2,980,725.48. This represents a 5.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Orlando D. Carvalho sold 7,000 shares of the firm’s stock in a transaction dated 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 $4,686,753.28. The trade was a 11.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 18,250 shares of company stock worth $1,733,220. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MRCY shares. Wall Street Zen downgraded Mercury Systems from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. The Goldman Sachs Group increased their target price on Mercury Systems from $60.00 to $68.00 and gave the company a “sell” rating in a research note on Monday, May 11th. Zacks Research upgraded shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Truist Financial raised shares of Mercury Systems to a “strong-buy” rating in a report on Friday, May 1st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Mercury Systems in a research note on Friday, July 17th. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.78.

Mercury Systems Trading Down 9.3%

NASDAQ:MRCY opened at $90.17 on Thursday. The business has a 50 day simple moving average of $108.51 and a 200 day simple moving average of $94.06. The firm has a market capitalization of $5.41 billion, a P/E ratio of -375.71 and a beta of 0.93. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.19 and a quick ratio of 2.15. Mercury Systems Inc has a 12-month low of $50.13 and a 12-month high of $128.45.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, May 5th. The technology company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.21. The firm had revenue of $235.76 million for the quarter, compared to the consensus estimate of $208.56 million. Mercury Systems had a positive return on equity of 2.22% and a negative net margin of 1.46%.The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 EPS. Equities research analysts predict that Mercury Systems Inc will post 0.35 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.