Daiwa Securities Group Inc. Has $1.02 Million Stock Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Daiwa Securities Group Inc. increased its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,911 shares of the technology company’s stock after buying an additional 357 shares during the period. Daiwa Securities Group Inc.’s holdings in Mercury Systems were worth $1,021,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Mercury Systems by 8.3% during the 3rd quarter. Vanguard Group Inc. now owns 5,615,965 shares of the technology company’s stock worth $208,296,000 after buying an additional 429,532 shares in the last quarter. Public Sector Pension Investment Board bought a new stake in Mercury Systems during the 3rd quarter worth about $2,345,000. William Blair Investment Management LLC raised its holdings in Mercury Systems by 25.6% during the 3rd quarter. William Blair Investment Management LLC now owns 6,749,562 shares of the technology company’s stock worth $250,341,000 after purchasing an additional 1,376,905 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in Mercury Systems by 1,150.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 292,107 shares of the technology company’s stock worth $10,834,000 after purchasing an additional 268,752 shares during the last quarter. Finally, VisionPoint Advisory Group LLC raised its holdings in Mercury Systems by 110.9% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 715 shares of the technology company’s stock worth $27,000 after purchasing an additional 376 shares during the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Insider Buying and Selling

In related news, COO Charles Roger Iv Wells sold 1,696 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $29.57, for a total transaction of $50,150.72. Following the completion of the sale, the chief operating officer now directly owns 105,427 shares of the company’s stock, valued at approximately $3,117,476.39. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Mercury Systems news, EVP Stephanie Georges sold 1,409 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $29.57, for a total transaction of $41,664.13. Following the completion of the transaction, the executive vice president now owns 38,319 shares of the company’s stock, valued at approximately $1,133,092.83. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Charles Roger Iv Wells sold 1,696 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $29.57, for a total value of $50,150.72. Following the transaction, the chief operating officer now directly owns 105,427 shares of the company’s stock, valued at approximately $3,117,476.39. The disclosure for this sale can be found here. In the last three months, insiders acquired 14,133 shares of company stock valued at $398,311 and sold 3,510 shares valued at $103,685. 1.80% of the stock is owned by company insiders.

Mercury Systems Price Performance

NASDAQ MRCY opened at $28.48 on Thursday. The business has a 50 day simple moving average of $28.84 and a 200 day simple moving average of $32.45. Mercury Systems, Inc. has a 52-week low of $25.31 and a 52-week high of $48.65. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.79 and a current ratio of 4.36. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of -19.11 and a beta of 0.70.

Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, February 6th. The technology company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.48). Mercury Systems had a negative return on equity of 2.62% and a negative net margin of 9.54%. The business had revenue of $197.46 million for the quarter, compared to the consensus estimate of $215.41 million. Analysts anticipate that Mercury Systems, Inc. will post -1.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. The Goldman Sachs Group dropped their price objective on Mercury Systems from $24.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, February 8th. Jefferies Financial Group cut Mercury Systems from a “hold” rating to an “underperform” rating and dropped their price objective for the stock from $35.00 to $30.00 in a report on Wednesday, January 3rd. Royal Bank of Canada lowered their price target on Mercury Systems from $35.00 to $30.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 7th. Finally, Truist Financial cut Mercury Systems from a “buy” rating to a “hold” rating and lowered their price target for the company from $48.00 to $28.00 in a research note on Wednesday, February 7th. Four analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat.com, Mercury Systems currently has an average rating of “Hold” and a consensus price target of $29.88.

Mercury Systems 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.