Lisanti Capital Growth LLC Sells 34,600 Shares of Mercury Systems Inc $MRCY

Lisanti Capital Growth LLC reduced its position in Mercury Systems Inc (NASDAQ:MRCY) by 83.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,850 shares of the technology company’s stock after selling 34,600 shares during the period. Lisanti Capital Growth LLC’s holdings in Mercury Systems were worth $569,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MRCY. Illinois Municipal Retirement Fund increased its position in Mercury Systems by 0.7% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 29,433 shares of the technology company’s stock valued at $2,443,000 after purchasing an additional 206 shares during the period. Fulcrum Asset Management LLP raised its holdings in shares of Mercury Systems by 4,840.4% in the 3rd quarter. Fulcrum Asset Management LLP now owns 2,569 shares of the technology company’s stock valued at $212,000 after purchasing an additional 2,517 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Mercury Systems by 4.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 496,387 shares of the technology company’s stock worth $41,731,000 after purchasing an additional 21,521 shares during the period. StoneRidge PMG Advisors LLC purchased a new stake in shares of Mercury Systems in the 3rd quarter worth approximately $292,000. Finally, Ethic Inc. lifted its position in shares of Mercury Systems by 5.4% in the 3rd quarter. Ethic Inc. now owns 4,204 shares of the technology company’s stock worth $349,000 after purchasing an additional 217 shares during the period. 95.99% of the stock is owned by hedge funds and other institutional investors.

Latest Mercury Systems News

Here’s some of the latest news about MRCY:

• Positive Sentiment: Mercury reported fiscal Q1 adjusted earnings of $0.52 per share and revenue of $253.2 million, beating analyst estimates; revenue rose 12.4% year over year. Stronger-than-expected results and gross margins are supporting sentiment. RBC analysis
• Positive Sentiment: New bookings reached $370 million and backlog hit a record $2.1 billion, pointing to strong order momentum and potential future revenue. Record backlog and upgrade
• Neutral Sentiment: The company’s FY2027 revenue guidance is $1.1 billion, in line with consensus. Reports also describe an improved full-year outlook, but the revenue forecast itself is not a clear upside surprise. FY2027 outlook

Analysts Set New Price Targets

Several equities analysts recently issued reports on MRCY shares. Deutsche Bank lowered shares of Mercury Systems to a “hold” rating in a report on Wednesday, August 12th. Canaccord Genuity Group upped their target price on Mercury Systems from $106.00 to $128.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Wall Street Zen cut Mercury Systems from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Weiss Ratings cut Mercury Systems from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, September 28th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $107.00 price target on shares of Mercury Systems in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $108.00.

Mercury Systems Stock Up 5.7%

Shares of Mercury Systems stock opened at $88.33 on Thursday. The company has a quick ratio of 1.85, a current ratio of 2.96 and a debt-to-equity ratio of 0.29. The company has a market cap of $5.38 billion, a P/E ratio of -1,104.12 and a beta of 0.98. The firm’s 50 day moving average price is $80.22 and its 200-day moving average price is $90.94. Mercury Systems Inc has a 52-week low of $64.37 and a 52-week high of $128.45.

Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, November 10th. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.22. The company had revenue of $253.15 million during the quarter, compared to analysts’ expectations of $245.00 million. Mercury Systems had a negative net margin of 0.40% and a positive return on equity of 2.55%. Mercury Systems’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 earnings per share. On average, sell-side analysts predict that Mercury Systems Inc will post 0.91 EPS for the current fiscal year.

Insider Transactions at Mercury Systems

In other Mercury Systems news, EVP Stuart Kupinsky sold 1,000 shares of the stock in a transaction dated Wednesday, October 21st. The stock was sold at an average price of $76.00, for a total value of $76,000.00. Following the completion of the sale, the executive vice president directly owned 59,971 shares in the company, valued at approximately $4,557,796. This trade represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Steven Ratner sold 4,000 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $84.51, for a total value of $338,040.00. Following the completion of the sale, the executive vice president directly owned 19,275 shares of the company’s stock, valued at approximately $1,628,930.25. This represents a 17.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 452,186 shares of company stock valued at $41,933,170 in the last quarter. 0.99% of the stock is currently owned by corporate insiders.

Mercury Systems Profile

Mercury Systems, Inc. develops and supplies secure processing systems and subsystems for the aerospace and defense industries. Its products include embedded computing, signal processing, radio-frequency and microwave components, and other technologies used to process and manage critical data. The company’s technologies support applications such as radar, electronic warfare, communications, avionics, and command-and-control systems. Mercury works with defense contractors and government customers, providing components and systems designed for use in demanding environments.