Mercury Systems Inc $MRCY Shares Bought by Future Fund LLC

Future Fund LLC grew its stake in Mercury Systems Inc (NASDAQ:MRCY) by 66.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,645 shares of the technology company’s stock after purchasing an additional 19,365 shares during the period. Mercury Systems comprises approximately 1.2% of Future Fund LLC’s investment portfolio, making the stock its 24th largest holding. Future Fund LLC’s holdings in Mercury Systems were worth $3,547,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC increased its holdings in shares of Mercury Systems by 15.4% during the 4th quarter. Signaturefd LLC now owns 804 shares of the technology company’s stock valued at $59,000 after purchasing an additional 107 shares in the last quarter. Maryland State Retirement & Pension System boosted its holdings 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 worth $563,000 after buying an additional 134 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Mercury Systems by 11.3% during the fourth quarter. GAMMA Investing LLC now owns 1,781 shares of the technology company’s stock worth $130,000 after buying an additional 181 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position 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 buying an additional 187 shares during the period. Finally, Arizona State Retirement System grew its position 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 valued at $1,111,000 after buying an additional 195 shares during the period. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Price Performance

Shares of NASDAQ MRCY opened at $96.08 on Friday. The firm has a market cap of $5.77 billion, a PE ratio of -400.33 and a beta of 0.93. The firm has a fifty day moving average of $107.49 and a 200 day moving average of $92.80. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.15 and a current ratio of 3.19. Mercury Systems Inc has a one year low of $50.13 and a one year high of $128.45.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $235.76 million for the quarter, compared to the consensus estimate of $208.56 million. During the same period last year, the firm posted $0.06 earnings per share. The company’s revenue was up 11.5% compared to the same quarter last year. As a group, research analysts predict that Mercury Systems Inc will post 0.35 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Howard L. Lance sold 9,250 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $99.76, for a total value of $922,780.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Orlando D. Carvalho sold 7,000 shares of Mercury Systems stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $89.36, for a total value of $625,520.00. Following the completion of the sale, the director owned 52,448 shares in the company, valued at approximately $4,686,753.28. The trade was a 11.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,250 shares of company stock worth $1,733,220 in the last 90 days. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on MRCY. Jefferies Financial Group reiterated a “hold” rating and issued a $115.00 price objective on shares of Mercury Systems in a research report on Friday, July 10th. JPMorgan Chase & Co. raised their target price on Mercury Systems from $99.00 to $101.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. Truist Financial upgraded Mercury Systems to a “strong-buy” rating in a research note on Friday, May 1st. Zacks Research raised Mercury Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Finally, Wall Street Zen downgraded Mercury Systems from a “buy” rating to a “hold” rating in a research report on Saturday. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Mercury Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.78.

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.