WCM Investment Management LLC Has $16.88 Million Stake in Mercury Systems, Inc. (NASDAQ:MRCY)

WCM Investment Management LLC grew its holdings in Mercury Systems, Inc. (NASDAQ:MRCY) by 0.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 450,131 shares of the technology company’s stock after buying an additional 427 shares during the period. WCM Investment Management LLC owned 0.76% of Mercury Systems worth $16,880,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Sei Investments Co. lifted its holdings in Mercury Systems by 27.0% during the 1st quarter. Sei Investments Co. now owns 216,956 shares of the technology company’s stock worth $6,400,000 after purchasing an additional 46,132 shares during the last quarter. Jane Street Group LLC lifted its holdings in 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 purchasing an additional 130,396 shares during the last quarter. Natixis acquired a new stake in Mercury Systems during the 1st quarter worth approximately $693,000. William Blair Investment Management LLC lifted its holdings in Mercury Systems by 0.6% during the 2nd quarter. William Blair Investment Management LLC now owns 6,416,449 shares of the technology company’s stock worth $173,180,000 after purchasing an additional 36,923 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in Mercury Systems during the 2nd quarter worth approximately $526,000. 95.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Jefferies Financial Group raised Mercury Systems from an “underperform” rating to a “hold” rating and lifted their price target for the stock from $30.00 to $42.00 in a report on Monday. StockNews.com cut Mercury Systems from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Royal Bank of Canada lifted their price objective on Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a report on Wednesday, August 14th. JPMorgan Chase & Co. lifted their price objective on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Robert W. Baird lifted their price objective on Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” 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. According to MarketBeat.com, Mercury Systems has an average rating of “Hold” and a consensus target price of $35.50.

Insider Buying and Selling

In related news, EVP Stephanie Georges sold 1,340 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $39.49, for a total transaction of $52,916.60. Following the sale, the executive vice president now owns 32,259 shares in the company, valued at $1,273,907.91. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Mercury Systems news, EVP Steven Ratner sold 3,891 shares of Mercury Systems stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $38.41, for a total transaction of $149,453.31. Following the transaction, the executive vice president now directly owns 60,079 shares of the company’s stock, valued at approximately $2,307,634.39. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephanie Georges sold 1,340 shares of Mercury Systems stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $39.49, for a total value of $52,916.60. Following the transaction, the executive vice president now directly owns 32,259 shares in the company, valued at $1,273,907.91. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,099 shares of company stock worth $865,740 in the last 90 days. Insiders own 1.60% of the company’s stock.

Mercury Systems Trading Up 2.8 %

Shares of MRCY opened at $43.91 on Tuesday. Mercury Systems, Inc. has a 52-week low of $25.31 and a 52-week high of $44.24. The business’s fifty day moving average is $36.18 and its 200-day moving average is $33.40. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.64 and a current ratio of 4.10. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of -21.40 and a beta of 0.71.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.32. The business had revenue of $248.56 million for the quarter, compared to analyst estimates of $223.80 million. Mercury Systems had a negative return on equity of 3.96% and a negative net margin of 13.80%. Equities 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.