Mercury Systems Inc $MRCY Holdings Lifted by Edgestream Partners L.P.

Edgestream Partners L.P. increased its position in shares of Mercury Systems Inc (NASDAQ:MRCY) by 87.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,208 shares of the technology company’s stock after acquiring an additional 41,038 shares during the period. Edgestream Partners L.P.’s holdings in Mercury Systems were worth $6,431,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Signaturefd LLC grew its stake in shares of Mercury Systems by 15.4% in the 4th quarter. Signaturefd LLC now owns 804 shares of the technology company’s stock worth $59,000 after purchasing an additional 107 shares during the last quarter. Maryland State Retirement & Pension System lifted its stake in Mercury Systems by 1.8% during the fourth quarter. Maryland State Retirement & Pension System now owns 7,714 shares of the technology company’s stock valued at $563,000 after purchasing an additional 134 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Mercury Systems by 1.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,058 shares of the technology company’s stock valued at $880,000 after purchasing an additional 187 shares during the last quarter. Arizona State Retirement System boosted its holdings in Mercury Systems by 1.3% during the fourth quarter. Arizona State Retirement System now owns 15,211 shares of the technology company’s stock worth $1,111,000 after buying an additional 195 shares in the last quarter. Finally, Focus Partners Wealth boosted its holdings in Mercury Systems by 3.0% during the third quarter. Focus Partners Wealth now owns 6,929 shares of the technology company’s stock worth $536,000 after buying an additional 199 shares in the last quarter. 95.99% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Steven Ratner sold 2,000 shares of the firm’s stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Howard L. Lance sold 9,250 shares of Mercury Systems stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $99.76, for a total value of $922,780.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,250 shares of company stock worth $1,733,220 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MRCY shares. Wall Street Zen cut Mercury Systems from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. The Goldman Sachs Group raised their price objective on Mercury Systems from $60.00 to $68.00 and gave the stock a “sell” rating in a research note on Monday, May 11th. Canaccord Genuity Group lifted their target price on Mercury Systems from $102.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. boosted their target price on Mercury Systems from $99.00 to $101.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Finally, Zacks Research raised Mercury Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Three equities research 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 assigned a Sell rating to the stock. According to MarketBeat.com, Mercury Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.78.

Mercury Systems Stock Up 6.4%

MRCY stock opened at $95.97 on Friday. Mercury Systems Inc has a 52-week low of $50.13 and a 52-week high of $128.45. The company’s 50 day simple moving average is $108.50 and its 200-day simple moving average is $94.08. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.19 and a quick ratio of 2.15. The firm has a market capitalization of $5.76 billion, a P/E ratio of -399.88 and a beta of 0.93.

Mercury Systems (NASDAQ:MRCY) last posted 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. Mercury Systems had a negative net margin of 1.46% and a positive return on equity of 2.22%. The firm had revenue of $235.76 million during the quarter, compared to analyst estimates of $208.56 million. During the same quarter last year, the business posted $0.06 EPS. The company’s revenue was up 11.5% on a year-over-year basis. As a group, equities research analysts anticipate that Mercury Systems Inc will post 0.35 EPS for the current year.

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.