Ontario Teachers Pension Plan Board Invests $235,000 in Mercury Systems, Inc. (NASDAQ:MRCY)

Ontario Teachers Pension Plan Board acquired a new position in shares of Mercury Systems, Inc. (NASDAQ:MRCY) during the 1st quarter, Holdings Channel reports. The fund acquired 7,956 shares of the technology company’s stock, valued at approximately $235,000.

Other hedge funds have also made changes to their positions in the company. Psagot Value Holdings Ltd. Israel boosted its holdings in shares of Mercury Systems by 511.5% during 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 during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Mercury Systems during the fourth quarter worth $169,000. Evoke Wealth LLC acquired a new stake in shares of Mercury Systems during the fourth quarter worth $275,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Mercury Systems during the first quarter worth $233,000. Finally, Iridian Asset Management LLC CT acquired a new stake in shares of Mercury Systems during the first quarter worth $251,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Stock Up 1.7 %

NASDAQ:MRCY traded up $0.57 during mid-day trading on Tuesday, hitting $34.72. The company had a trading volume of 33,643 shares, compared to its average volume of 591,777. The business has a fifty day simple moving average of $30.17 and a 200-day simple moving average of $29.72. The company has a current ratio of 4.58, a quick ratio of 2.93 and a debt-to-equity ratio of 0.42. Mercury Systems, Inc. has a 1 year low of $25.31 and a 1 year high of $40.95. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of -14.53 and a beta of 0.68.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, May 7th. The technology company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.11). Mercury Systems had a negative net margin of 16.08% and a negative return on equity of 5.07%. The company had revenue of $208.26 million during the quarter, compared to analysts’ expectations of $212.03 million. Equities analysts forecast that Mercury Systems, Inc. will post -1.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MRCY has been the topic of several research reports. JPMorgan Chase & Co. increased their target price on Mercury Systems from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, May 24th. Truist Financial cut their target price on Mercury Systems from $28.00 to $26.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Four equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, Mercury Systems presently has an average rating of “Hold” and a consensus price target of $26.86.

About Mercury Systems

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.