Swedbank AB Raises Stock Position in Mercury Systems Inc $MRCY

Swedbank AB raised its holdings in shares of Mercury Systems Inc (NASDAQ:MRCY) by 44.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,259 shares of the technology company’s stock after acquiring an additional 16,910 shares during the quarter. Swedbank AB’s holdings in Mercury Systems were worth $4,029,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Leonteq Securities AG bought a new position in shares of Mercury Systems in the fourth quarter worth about $35,000. Hollencrest Capital Management purchased a new position in Mercury Systems in the 4th quarter worth approximately $37,000. Osaic Holdings Inc. lifted its holdings in Mercury Systems by 53.2% in the 2nd quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock worth $32,000 after purchasing an additional 208 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Mercury Systems by 53.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 653 shares of the technology company’s stock worth $48,000 after purchasing an additional 228 shares during the period. Finally, Federated Hermes Inc. bought a new position in Mercury Systems in the 2nd quarter worth approximately $43,000. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MRCY. The Goldman Sachs Group boosted their target price on shares of Mercury Systems from $60.00 to $68.00 and gave the stock a “sell” rating in a report on Monday, May 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Mercury Systems in a research note on Tuesday, April 21st. Truist Financial upgraded Mercury Systems to a “strong-buy” rating in a research report on Friday, May 1st. Jefferies Financial Group reiterated a “hold” rating and issued a $115.00 target price on shares of Mercury Systems in a research report on Friday. Finally, Canaccord Genuity Group increased their price target on Mercury Systems from $102.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $92.11.

Key Headlines Impacting Mercury Systems

Here are the key news stories impacting Mercury Systems this week:

• Positive Sentiment: Zacks Research raised multiple forward EPS estimates for Mercury Systems, including FY2027 to $0.67 and FY2028 to $1.25, while keeping a Strong-Buy rating.
• Positive Sentiment: Mercury Systems’ latest quarterly results beat expectations, with revenue and EPS topping consensus and revenue rising year over year, reinforcing the case for a recovery. Mercury Systems earnings report context
• Positive Sentiment: A defense-sector earnings roundup described Mercury Systems as having “impressed,” which may be contributing to positive sentiment around its Q1 defense-contracting performance. Defense contractors earnings article
• Neutral Sentiment: One Zacks article compared Mercury Systems with other aerospace names this year; this is more of a relative-performance update than a direct company-specific catalyst. Relative performance article
• Negative Sentiment: Seeking Alpha published a bearish view arguing the investment case has largely played out and that Mercury Systems is now a sell, which could weigh on sentiment. Bearish Seeking Alpha article

Insider Buying and Selling

In other news, EVP David E. Farnsworth sold 3,625 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $84.87, for a total value of $307,653.75. Following the completion of the sale, the executive vice president directly owned 157,701 shares of the company’s stock, valued at $13,384,083.87. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Steven Ratner sold 2,000 shares of Mercury Systems stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $92.46, for a total value of $184,920.00. Following the completion of the transaction, the executive vice president owned 32,238 shares of the company’s stock, valued at approximately $2,980,725.48. This trade represents a 5.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 21,875 shares of company stock valued at $2,040,874. Insiders own 1.40% of the company’s stock.

Mercury Systems Price Performance

Mercury Systems stock traded down $6.27 during mid-day trading on Friday, reaching $107.98. 512,094 shares of the company’s stock traded hands, compared to its average volume of 720,450. Mercury Systems Inc has a 12-month low of $49.86 and a 12-month high of $128.45. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.40. The stock has a 50 day moving average of $106.26 and a two-hundred day moving average of $91.96. The company has a market cap of $6.48 billion, a price-to-earnings ratio of -449.92 and a beta of 0.93.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates 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 negative net margin of 1.46% and a positive return on equity of 2.22%. The business’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS. Equities analysts forecast that Mercury Systems Inc will post 0.3 earnings per share for the current year.

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.