Amalgamated Bank Has $433,000 Stock Holdings in Mercury Systems, Inc. (NASDAQ:MRCY)

Amalgamated Bank lessened its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 10.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,041 shares of the technology company’s stock after selling 1,889 shares during the period. Amalgamated Bank’s holdings in Mercury Systems were worth $433,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MRCY. Nisa Investment Advisors LLC boosted its position in shares of Mercury Systems by 1,126.3% in the second quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock valued at $31,000 after acquiring an additional 1,070 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Mercury Systems by 216.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock valued at $64,000 after buying an additional 1,622 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Mercury Systems in the second quarter valued at about $81,000. Quest Partners LLC raised its holdings in shares of Mercury Systems by 10,995.5% in the second quarter. Quest Partners LLC now owns 4,882 shares of the technology company’s stock valued at $132,000 after buying an additional 4,838 shares during the last quarter. Finally, Headlands Technologies LLC raised its holdings in Mercury Systems by 625.7% during the 2nd quarter. Headlands Technologies LLC now owns 5,726 shares of the technology company’s stock worth $155,000 after purchasing an additional 4,937 shares during the last quarter. 95.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on MRCY shares. JPMorgan Chase & Co. boosted their price objective on Mercury Systems from $26.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, September 5th. Alembic Global Advisors upgraded Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price objective for the company in a research report on Monday, August 19th. Truist Financial upped their price target on Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. Robert W. Baird upped their price target on Mercury Systems from $26.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada upped their price objective on Mercury Systems from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mercury Systems has an average rating of “Hold” and an average price target of $33.50.

Insider Activity at Mercury Systems

In other Mercury Systems news, Director Jana Partners Management, Lp acquired 13,600 shares of Mercury Systems stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average cost of $37.25 per share, with a total value of $506,600.00. Following the completion of the purchase, the director now directly owns 6,944,633 shares of the company’s stock, valued at approximately $258,687,579.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Jana Partners Management, Lp purchased 13,600 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were purchased at an average cost of $37.25 per share, with a total value of $506,600.00. Following the completion of the purchase, the director now owns 6,944,633 shares of the company’s stock, valued at approximately $258,687,579.25. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William L. Ballhaus sold 6,549 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $39.49, for a total value of $258,620.01. Following the transaction, the chief executive officer now owns 353,481 shares of the company’s stock, valued at $13,958,964.69. The disclosure for this sale can be found here. Insiders have sold 22,099 shares of company stock valued at $865,740 over the last ninety days. 1.80% of the stock is owned by corporate insiders.

Mercury Systems Stock Up 1.4 %

MRCY stock opened at $37.50 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.07 and a quick ratio of 2.64. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of -15.96 and a beta of 0.69. The business’s fifty day moving average price is $36.39 and its two-hundred day moving average price is $31.82. Mercury Systems, Inc. has a fifty-two week low of $25.31 and a fifty-two week high of $42.72.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, August 13th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.32. The company 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 4.92% and a negative net margin of 16.48%. On average, equities analysts anticipate that Mercury Systems, Inc. will post -0.52 earnings per share for the current 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.