Moody National Bank Trust Division Has $1.06 Million Stake in Mercury Systems, Inc. (NASDAQ:MRCY)

Moody National Bank Trust Division boosted its stake in Mercury Systems, Inc. (NASDAQ:MRCY) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,423 shares of the technology company’s stock after buying an additional 1,679 shares during the quarter. Moody National Bank Trust Division owned approximately 0.07% of Mercury Systems worth $1,064,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MRCY. Psagot Value Holdings Ltd. Israel boosted its stake in 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 purchasing an additional 1,069 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Mercury Systems by 26.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 5,826 shares of the technology company’s stock worth $167,000 after purchasing an additional 1,223 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Mercury Systems by 26.6% in the first quarter. Lazard Asset Management LLC now owns 5,826 shares of the technology company’s stock worth $171,000 after purchasing an additional 1,223 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of Mercury Systems during the first quarter worth $184,000. Finally, Virtu Financial LLC bought a new stake in shares of Mercury Systems during the first quarter worth $220,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Trading Down 2.4 %

Shares of Mercury Systems stock traded down $0.81 during trading hours on Monday, hitting $32.87. The company’s stock had a trading volume of 344,499 shares, compared to its average volume of 591,342. Mercury Systems, Inc. has a 12 month low of $25.31 and a 12 month high of $40.95. The stock has a 50 day moving average of $30.82 and a 200 day moving average of $29.87. The company has a market capitalization of $1.95 billion, a PE ratio of -13.98 and a beta of 0.68. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.58 and a quick ratio of 2.93.

Mercury Systems (NASDAQ:MRCY) last announced 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 return on equity of 5.07% and a negative net margin of 16.08%. The business had revenue of $208.26 million during the quarter, compared to the consensus estimate of $212.03 million. Analysts predict that Mercury Systems, Inc. will post -1.51 earnings per share for the current year.

Analysts Set New Price Targets

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

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.