Staley Capital Advisers Inc. Has $11.76 Million Stock Holdings in Mercury Systems Inc $MRCY

Staley Capital Advisers Inc. lessened its holdings in Mercury Systems Inc (NASDAQ:MRCY) by 60.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 161,100 shares of the technology company’s stock after selling 250,210 shares during the quarter. Staley Capital Advisers Inc.’s holdings in Mercury Systems were worth $11,762,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Signaturefd LLC raised its holdings in Mercury Systems by 15.4% during the fourth quarter. Signaturefd LLC now owns 804 shares of the technology company’s stock worth $59,000 after buying an additional 107 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Mercury Systems by 2.0% during the third quarter. PNC Financial Services Group Inc. now owns 7,175 shares of the technology company’s stock worth $555,000 after buying an additional 142 shares during the last quarter. AlphaQuest LLC raised its stake in shares of Mercury Systems by 41.9% in the third quarter. AlphaQuest LLC now owns 569 shares of the technology company’s stock worth $44,000 after purchasing an additional 168 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Mercury Systems by 10.3% in the third quarter. Nisa Investment Advisors LLC now owns 1,941 shares of the technology company’s stock valued at $150,000 after purchasing an additional 181 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Mercury Systems by 11.3% in the fourth quarter. GAMMA Investing LLC now owns 1,781 shares of the technology company’s stock valued at $130,000 after purchasing an additional 181 shares in the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Insider Activity at Mercury Systems

In related news, Director Jana Partners Management, Lp sold 100,899 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $89.68, for a total transaction of $9,048,622.32. Following the completion of the sale, the director owned 4,114,618 shares in the company, valued at approximately $368,998,942.24. This trade represents a 2.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Steven Ratner sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $92.46, for a total transaction of $184,920.00. Following the sale, the executive vice president owned 32,238 shares of the company’s stock, valued at $2,980,725.48. This trade represents a 5.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 472,383 shares of company stock valued at $43,200,024 in the last ninety days. Insiders own 1.40% of the company’s stock.

Mercury Systems Stock Performance

Shares of MRCY opened at $92.03 on Friday. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of -383.46, a PEG ratio of 8.91 and a beta of 0.83. The stock has a 50 day moving average of $81.58 and a 200 day moving average of $81.23. Mercury Systems Inc has a 12 month low of $44.01 and a 12 month high of $103.84.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. The company had revenue of $235.76 million during 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%.Mercury Systems’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the business posted $0.06 earnings per share. As a group, sell-side analysts forecast that Mercury Systems Inc will post 0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group raised their target price on Mercury Systems from $60.00 to $68.00 and gave the company a “sell” rating in a report on Monday, May 11th. Jefferies Financial Group restated a “hold” rating and issued a $95.00 target price on shares of Mercury Systems in a report on Sunday, May 10th. Canaccord Genuity Group raised 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. Truist Financial upgraded shares of Mercury Systems to a “strong-buy” rating in a report on Friday, May 1st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $105.00 target price on shares of Mercury Systems in a report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.89.

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.