Creative Planning Acquires 1,818 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Creative Planning lifted its holdings in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 22.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 9,788 shares of the technology company’s stock after acquiring an additional 1,818 shares during the period. Creative Planning’s holdings in Mercury Systems were worth $362,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MRCY. Westwood Holdings Group Inc. lifted its holdings 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 worth $45,848,000 after acquiring an additional 199,600 shares during the period. Roubaix Capital LLC bought a new position in shares of Mercury Systems during the 2nd quarter worth about $3,684,000. Jane Street Group LLC lifted its holdings in shares of Mercury Systems by 102.6% during the 1st quarter. Jane Street Group LLC now owns 257,514 shares of the technology company’s stock worth $7,597,000 after acquiring an additional 130,396 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Mercury Systems during the 2nd quarter worth about $3,079,000. Finally, Clearline Capital LP increased its position in shares of Mercury Systems by 18.4% during the 2nd quarter. Clearline Capital LP now owns 526,611 shares of the technology company’s stock worth $14,213,000 after purchasing an additional 81,826 shares in the last quarter. 95.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MRCY. Robert W. Baird increased their target price on shares of Mercury Systems from $26.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Royal Bank of Canada increased their target price on shares of Mercury Systems from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 14th. Truist Financial increased their target price on shares of Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. StockNews.com cut shares of Mercury Systems from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their target price on shares of Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday. Four analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Mercury Systems has an average rating of “Hold” and an average target price of $34.00.

Mercury Systems Trading Down 0.6 %

MRCY opened at $41.95 on Friday. 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 $2.50 billion, a PE ratio of -17.55 and a beta of 0.71. Mercury Systems, Inc. has a 1-year low of $25.31 and a 1-year high of $42.93. The firm has a 50-day moving average price of $36.09 and a two-hundred day moving average price of $33.22.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.32. The firm had revenue of $248.56 million during 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%. As a group, equities analysts anticipate that Mercury Systems, Inc. will post -0.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Mercury Systems

In related news, Director Jana Partners Management, Lp acquired 13,600 shares of the stock in a transaction on Tuesday, August 27th. The stock was purchased at an average price of $37.25 per share, for a total transaction of $506,600.00. Following the transaction, the director now owns 6,944,633 shares of the company’s stock, valued at $258,687,579.25. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Mercury Systems news, Director Jana Partners Management, Lp bought 13,600 shares of Mercury Systems stock in a transaction dated Tuesday, August 27th. The shares were bought at an average price of $37.25 per share, with a total value of $506,600.00. Following the purchase, the director now owns 6,944,633 shares of the company’s stock, valued at $258,687,579.25. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO William L. Ballhaus sold 6,549 shares of the firm’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 $258,620.01. Following the completion of the transaction, the chief executive officer now directly owns 353,481 shares in the company, valued at $13,958,964.69. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,099 shares of company stock worth $865,740. 1.60% of the stock is currently owned by corporate insiders.

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.