OmniStar Financial Group Inc. Decreases Stake in Mercury Systems Inc $MRCY

OmniStar Financial Group Inc. decreased its position in shares of Mercury Systems Inc (NASDAQ:MRCY) by 23.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,861 shares of the technology company’s stock after selling 3,542 shares during the quarter. OmniStar Financial Group Inc.’s holdings in Mercury Systems were worth $639,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. LPL Financial LLC raised its position in Mercury Systems by 145.1% during the first quarter. LPL Financial LLC now owns 129,295 shares of the technology company’s stock worth $5,486,000 after acquiring an additional 76,549 shares during the last quarter. Voya Investment Management LLC increased its position in Mercury Systems by 60.8% during the 1st quarter. Voya Investment Management LLC now owns 25,440 shares of the technology company’s stock worth $1,096,000 after purchasing an additional 9,616 shares in the last quarter. Natixis Advisors LLC boosted its position in Mercury Systems by 63.7% during the first quarter. Natixis Advisors LLC now owns 26,642 shares of the technology company’s stock worth $1,148,000 after acquiring an additional 10,367 shares during the last quarter. Informed Momentum Co LLC purchased a new position in shares of Mercury Systems during the 1st quarter worth $3,097,000. Finally, Intech Investment Management LLC boosted its holdings in shares of Mercury Systems by 199.3% during the first quarter. Intech Investment Management LLC now owns 76,848 shares of the technology company’s stock worth $3,311,000 after purchasing an additional 51,168 shares during the last quarter. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Mercury Systems Price Performance

Shares of MRCY stock opened at $70.85 on Friday. The firm has a fifty day moving average of $76.31 and a two-hundred day moving average of $61.77. The firm has a market cap of $4.26 billion, a P/E ratio of -107.35, a P/E/G ratio of 3.17 and a beta of 0.79. Mercury Systems Inc has a 1-year low of $37.28 and a 1-year high of $85.33. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.52 and a quick ratio of 2.41.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, June 7th. The technology company reported $0.64 EPS for the quarter. The business had revenue of $256.86 million during the quarter. Mercury Systems had a positive return on equity of 0.58% and a negative net margin of 4.16%. As a group, research analysts anticipate that Mercury Systems Inc will post -0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MRCY. Weiss Ratings reissued a “sell (d-)” rating on shares of Mercury Systems in a research report on Wednesday, October 8th. The Goldman Sachs Group upped their price target on Mercury Systems from $35.00 to $39.00 and gave the stock a “sell” rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. raised their target price on shares of Mercury Systems from $56.00 to $68.00 and gave the company a “neutral” rating in a research note on Tuesday, August 12th. UBS Group set a $88.00 price target on Mercury Systems in a report on Thursday, October 2nd. Finally, Robert W. Baird boosted their price objective on Mercury Systems from $58.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Mercury Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.00.

Insider Activity

In related news, CAO Douglas Munro sold 1,329 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $73.42, for a total transaction of $97,575.18. Following the completion of the transaction, the chief accounting officer directly owned 14,678 shares in the company, valued at $1,077,658.76. This represents a 8.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Debora A. Plunkett sold 1,700 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $73.99, for a total value of $125,783.00. Following the completion of the sale, the director owned 16,833 shares in the company, valued at approximately $1,245,473.67. This represents a 9.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,055,009 shares of company stock valued at $79,062,866 over the last quarter. 1.40% of the stock is owned by company insiders.

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.