Moody National Bank Trust Division Purchases 5,124 Shares of Mercury Systems Inc $MRCY

Moody National Bank Trust Division boosted its holdings in Mercury Systems Inc (NASDAQ:MRCY) by 12.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,204 shares of the technology company’s stock after purchasing an additional 5,124 shares during the quarter. Moody National Bank Trust Division owned about 0.08% of Mercury Systems worth $5,652,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MRCY. Leonteq Securities AG acquired a new position in shares of Mercury Systems during the fourth quarter valued at about $35,000. Hollencrest Capital Management bought a new stake in shares of Mercury Systems during the fourth quarter worth about $37,000. Osaic Holdings Inc. raised its holdings in shares of 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 acquiring an additional 208 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of 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 acquiring an additional 228 shares during the last quarter. Finally, Federated Hermes Inc. bought a new position in Mercury Systems in the 2nd quarter valued at about $43,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Stock Up 6.6%

MRCY stock opened at $112.80 on Wednesday. Mercury Systems Inc has a 1-year low of $51.86 and a 1-year high of $128.45. The stock has a market cap of $6.77 billion, a P/E ratio of -470.00 and a beta of 0.95. The stock’s fifty day simple moving average is $108.89 and its two-hundred day simple moving average is $94.22. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.40.

Mercury Systems (NASDAQ:MRCY) last released its earnings results 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 positive return on equity of 2.22% and a negative net margin of 1.46%.The company had revenue of $235.76 million for the quarter, compared to analysts’ expectations of $208.56 million. During the same period in the previous year, the business posted $0.06 EPS. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. Analysts expect that Mercury Systems Inc will post 0.33 EPS for the current year.

Wall Street Analyst Weigh In

MRCY has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on Mercury Systems from $99.00 to $101.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Wall Street Zen cut Mercury Systems from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. 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 report on Thursday, May 7th. Zacks Research raised shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Finally, The Goldman Sachs Group upped their target price on shares of Mercury Systems from $60.00 to $68.00 and gave the stock a “sell” rating in a research note on Monday, May 11th. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.78.

Insider Activity

In other Mercury Systems news, EVP Steven Ratner sold 2,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $92.46, for a total transaction of $184,920.00. Following the completion of the transaction, the executive vice president directly owned 32,238 shares of the company’s stock, valued at approximately $2,980,725.48. This represents a 5.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Howard L. Lance sold 9,250 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $99.76, for a total value of $922,780.00. The SEC filing for this sale provides additional information. Insiders sold 18,250 shares of company stock valued at $1,733,220 in the last three months. Company insiders own 1.40% of the company’s stock.

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.