Moody National Bank Trust Division Acquires 5,124 Shares of Mercury Systems Inc $MRCY

Moody National Bank Trust Division raised its holdings in Mercury Systems Inc (NASDAQ:MRCY) by 12.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,204 shares of the technology company’s stock after purchasing an additional 5,124 shares during the period. Moody National Bank Trust Division’s holdings in Mercury Systems were worth $5,652,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MRCY. State Street Corp lifted its stake in shares of 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 buying an additional 368,242 shares in the last quarter. Invesco Ltd. raised its holdings in Mercury Systems by 25.1% during the 4th quarter. Invesco Ltd. now owns 1,910,742 shares of the technology company’s stock valued at $139,503,000 after acquiring an additional 383,299 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in shares of Mercury Systems by 1.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,542,851 shares of the technology company’s stock worth $112,644,000 after acquiring an additional 21,182 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Mercury Systems by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 1,368,659 shares of the technology company’s stock worth $99,940,000 after acquiring an additional 47,174 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its holdings in shares of Mercury Systems by 46.9% in the first quarter. Segall Bryant & Hamill LLC now owns 934,824 shares of the technology company’s stock worth $68,158,000 after acquiring an additional 298,298 shares during the period. Institutional investors own 95.99% of the company’s stock.

Mercury Systems Stock Up 6.6%

Shares of NASDAQ:MRCY opened at $112.80 on Wednesday. The firm has a fifty day moving average price of $108.89 and a two-hundred day moving average price of $94.22. 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 one year low of $51.86 and a one year high of $128.45. The company has a market cap of $6.77 billion, a price-to-earnings ratio of -470.00 and a beta of 0.95.

Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.06 by $0.21. The business had revenue of $235.76 million during the quarter, compared to analysts’ expectations 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 was up 11.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 earnings per share. Analysts anticipate that Mercury Systems Inc will post 0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MRCY. Truist Financial upgraded Mercury Systems to a “strong-buy” rating in a research report on Friday, May 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Mercury Systems in a report on Friday, July 17th. JPMorgan Chase & Co. raised their target price on Mercury Systems from $99.00 to $101.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Canaccord Genuity Group lifted their target price on Mercury Systems from $102.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Wall Street Zen cut Mercury Systems from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Mercury Systems currently has an average rating of “Moderate Buy” and an average price target of $95.78.

Insider Transactions at Mercury Systems

In related news, Director Orlando D. Carvalho sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $89.36, for a total value of $625,520.00. Following the sale, the director directly owned 52,448 shares of the company’s stock, valued at $4,686,753.28. This trade represents a 11.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction of $922,780.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 18,250 shares of company stock valued at $1,733,220. 1.40% of the stock is owned by corporate insiders.

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.