Hennion & Walsh Asset Management Inc. Acquires New Shares in Mercury Systems, Inc. (NASDAQ:MRCY)

Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,894 shares of the technology company’s stock, valued at approximately $233,000.

Other institutional investors have also recently bought and sold shares of the company. VisionPoint Advisory Group LLC lifted its position in shares of Mercury Systems by 110.9% in the third quarter. VisionPoint Advisory Group LLC now owns 715 shares of the technology company’s stock worth $27,000 after buying an additional 376 shares during the last quarter. Psagot Value Holdings Ltd. Israel lifted its position in shares of Mercury Systems by 511.5% in the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 1,278 shares of the technology company’s stock worth $47,000 after buying an additional 1,069 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Mercury Systems in the fourth quarter worth about $169,000. Evoke Wealth LLC acquired a new stake in shares of Mercury Systems in the fourth quarter worth about $275,000. Finally, Cim Investment Management Inc. lifted its position in shares of Mercury Systems by 36.1% in the fourth quarter. Cim Investment Management Inc. now owns 9,990 shares of the technology company’s stock worth $365,000 after buying an additional 2,650 shares during the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Trading Up 0.6 %

Mercury Systems stock opened at $29.11 on Friday. Mercury Systems, Inc. has a 52 week low of $25.31 and a 52 week high of $40.95. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.93 and a current ratio of 4.58. The firm has a market capitalization of $1.73 billion, a PE ratio of -12.39 and a beta of 0.68. The business’s 50-day simple moving average is $29.46 and its 200-day simple moving average is $30.18.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.11). Mercury Systems had a negative net margin of 16.08% and a negative return on equity of 5.07%. The firm had revenue of $208.26 million for the quarter, compared to the consensus estimate of $212.03 million. Equities research analysts forecast that Mercury Systems, Inc. will post -1.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MRCY. JPMorgan Chase & Co. boosted their price target on Mercury Systems from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, May 24th. Truist Financial dropped their price objective on Mercury Systems from $28.00 to $26.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. Four research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $26.86.

About Mercury Systems

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.