Public Sector Pension Investment Board Purchases 32,443 Shares of Mercury Systems Inc $MRCY

Public Sector Pension Investment Board boosted its stake in shares of Mercury Systems Inc (NASDAQ:MRCY) by 18.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 205,644 shares of the technology company’s stock after purchasing an additional 32,443 shares during the quarter. Public Sector Pension Investment Board’s holdings in Mercury Systems were worth $15,917,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Salomon & Ludwin LLC acquired a new position in Mercury Systems in the third quarter worth about $32,000. Osaic Holdings Inc. grew its holdings in Mercury Systems by 53.2% during the 2nd quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock worth $32,000 after acquiring an additional 208 shares during the last quarter. Quaker Wealth Management LLC boosted its stake in shares of Mercury Systems by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 644 shares of the technology company’s stock valued at $35,000 after purchasing an additional 1,288 shares during the last quarter. Federated Hermes Inc. acquired a new position in shares of Mercury Systems in the 2nd quarter valued at $43,000. Finally, AlphaQuest LLC boosted its holdings in Mercury Systems by 41.9% during the third quarter. AlphaQuest LLC now owns 569 shares of the technology company’s stock worth $44,000 after buying an additional 168 shares during the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Stock Performance

NASDAQ MRCY opened at $82.36 on Friday. The company has a market capitalization of $4.94 billion, a PE ratio of -155.40, a price-to-earnings-growth ratio of 6.82 and a beta of 0.75. The company has a 50-day simple moving average of $84.71 and a 200 day simple moving average of $75.77. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.04 and a current ratio of 2.96. Mercury Systems Inc has a 52-week low of $39.89 and a 52-week high of $103.84.

Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, February 3rd. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $232.87 million for the quarter, compared to the consensus estimate of $209.96 million. During the same quarter in the prior year, the business posted $0.07 earnings per share. The business’s quarterly revenue was up 4.4% on a year-over-year basis. On average, research analysts predict that Mercury Systems Inc will post -0.08 EPS for the current year.

Insider Transactions at Mercury Systems

In other Mercury Systems news, Director Jana Partners Management, Lp sold 400,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the director directly owned 4,566,675 shares in the company, valued at $369,900,675. This represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MRCY has been the subject of several analyst reports. Raymond James Financial reissued a “strong-buy” rating and issued a $100.00 target price on shares of Mercury Systems in a research note on Wednesday, November 5th. Jefferies Financial Group reissued a “hold” rating and issued a $85.00 target price on shares of Mercury Systems in a research report on Sunday, February 8th. Canaccord Genuity Group set a $102.00 price objective on shares of Mercury Systems in a research note on Wednesday, February 4th. The Goldman Sachs Group raised their price target on shares of Mercury Systems from $49.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday, January 20th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Mercury Systems in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $86.89.

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.