Swedbank AB Has $2.80 Million Stock Holdings in Mercury Systems Inc $MRCY

Swedbank AB increased its position in shares of Mercury Systems Inc (NASDAQ:MRCYFree Report) by 722.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,349 shares of the technology company’s stock after buying an additional 33,684 shares during the quarter. Swedbank AB’s holdings in Mercury Systems were worth $2,800,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Mercury Systems by 4.0% during the third quarter. Vanguard Group Inc. now owns 5,731,033 shares of the technology company’s stock worth $443,582,000 after buying an additional 221,093 shares in the last quarter. State Street Corp lifted its stake in Mercury Systems by 8.7% during the second quarter. State Street Corp now owns 3,246,573 shares of the technology company’s stock worth $174,860,000 after purchasing an additional 259,388 shares during the period. First Trust Advisors LP lifted its stake in Mercury Systems by 96.3% during the third quarter. First Trust Advisors LP now owns 1,532,822 shares of the technology company’s stock worth $118,640,000 after purchasing an additional 751,813 shares during the period. Invesco Ltd. lifted its stake in Mercury Systems by 161.7% during the third quarter. Invesco Ltd. now owns 1,527,443 shares of the technology company’s stock worth $118,224,000 after purchasing an additional 943,736 shares during the period. Finally, Bamco Inc. NY lifted its stake in Mercury Systems by 4.9% during the third quarter. Bamco Inc. NY now owns 1,295,284 shares of the technology company’s stock worth $100,255,000 after purchasing an additional 60,483 shares during the period. 95.99% of the stock is owned by institutional investors and hedge funds.

Mercury Systems Stock Performance

NASDAQ:MRCY opened at $90.34 on Monday. Mercury Systems Inc has a 1 year low of $44.01 and a 1 year high of $103.84. The firm has a 50 day moving average of $81.26 and a 200-day moving average of $80.64. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $5.42 billion, a P/E ratio of -376.42, a price-to-earnings-growth ratio of 8.75 and a beta of 0.83.

Mercury Systems (NASDAQ:MRCYGet Free Report) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating 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 company had revenue of $235.76 million during the quarter, compared to analysts’ expectations of $208.56 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. Mercury Systems’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mercury Systems Inc will post 0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MRCY. Truist Financial upgraded shares of Mercury Systems to a “strong-buy” rating in a research note on Friday, May 1st. Canaccord Genuity Group raised their price target on shares of Mercury Systems from $102.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday. Royal Bank Of Canada restated an “outperform” rating and set a $105.00 price target on shares of Mercury Systems in a research note on Wednesday, February 4th. Jefferies Financial Group restated a “hold” rating and set a $95.00 price target on shares of Mercury Systems in a research note on Sunday. Finally, The Goldman Sachs Group raised their price target on shares of Mercury Systems from $49.00 to $55.00 and gave the stock a “sell” rating in a research note on Tuesday, January 20th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mercury Systems presently has an average rating of “Moderate Buy” and an average target price of $88.44.

Get Our Latest Stock Report on MRCY

Insider Buying and Selling

In other news, Director Jana Partners Management, Lp sold 182,510 shares of Mercury Systems stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $94.05, for a total value of $17,165,065.50. Following the completion of the transaction, the director owned 4,384,165 shares in the company, valued at approximately $412,330,718.25. The trade was a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Douglas Munro sold 582 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $83.56, for a total transaction of $48,631.92. Following the completion of the sale, the chief accounting officer directly owned 14,328 shares of the company’s stock, valued at approximately $1,197,247.68. This represents a 3.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 463,383 shares of company stock valued at $42,389,584 in the last ninety days. 1.40% of the stock is owned by corporate insiders.

Mercury Systems Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mercury Systems (NASDAQ:MRCY)

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