Headlands Technologies LLC Raises Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Headlands Technologies LLC raised its holdings in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 625.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 5,726 shares of the technology company’s stock after acquiring an additional 4,937 shares during the quarter. Headlands Technologies LLC’s holdings in Mercury Systems were worth $155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of MRCY. Vanguard Group Inc. raised its position in shares of Mercury Systems by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,669,352 shares of the technology company’s stock valued at $207,328,000 after purchasing an additional 53,387 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Mercury Systems by 19.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,974,504 shares of the technology company’s stock valued at $72,208,000 after purchasing an additional 325,549 shares during the period. Westwood Holdings Group Inc. raised its position in shares of Mercury Systems by 14.7% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,554,166 shares of the technology company’s stock valued at $45,848,000 after purchasing an additional 199,600 shares during the period. Conestoga Capital Advisors LLC raised its position in shares of Mercury Systems by 3.1% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,308,965 shares of the technology company’s stock valued at $35,329,000 after purchasing an additional 39,235 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Mercury Systems by 10.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 913,498 shares of the technology company’s stock valued at $33,407,000 after purchasing an additional 89,416 shares during the period. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Alembic Global Advisors upgraded shares of Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price objective on the stock in a research report on Monday, August 19th. StockNews.com upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Wednesday. Truist Financial lifted their price target on shares of Mercury Systems from $26.00 to $31.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. Robert W. Baird lifted their price target on shares of Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Finally, Royal Bank of Canada lifted their price target on shares of Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a report on Wednesday, August 14th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Mercury Systems presently has an average rating of “Hold” and an average target price of $33.50.

Insider Activity

In other news, EVP Stephanie Georges sold 1,340 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $39.49, for a total transaction of $52,916.60. Following the sale, the executive vice president now directly owns 32,259 shares in the company, valued at approximately $1,273,907.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Stephanie Georges sold 1,340 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $39.49, for a total transaction of $52,916.60. Following the sale, the executive vice president now directly owns 32,259 shares in the company, valued at approximately $1,273,907.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Charles Roger Iv Wells sold 1,346 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $39.49, for a total transaction of $53,153.54. Following the transaction, the chief operating officer now owns 130,408 shares in the company, valued at $5,149,811.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,030 shares of company stock worth $863,145. 1.80% of the stock is currently owned by corporate insiders.

Mercury Systems Stock Up 3.2 %

Shares of NASDAQ MRCY opened at $38.02 on Friday. The firm’s 50-day moving average price is $35.45 and its 200-day moving average price is $31.36. The company has a current ratio of 4.07, a quick ratio of 2.64 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of -16.18 and a beta of 0.69. Mercury Systems, Inc. has a 12-month low of $25.31 and a 12-month high of $42.72.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, August 13th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.32. The firm had revenue of $248.56 million for the quarter, compared to analysts’ expectations of $223.80 million. Mercury Systems had a negative net margin of 16.48% and a negative return on equity of 4.92%. On average, equities research analysts anticipate that Mercury Systems, Inc. will post -0.52 EPS for the current fiscal year.

Mercury Systems Company Profile

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.