Company Overview - Mercury Systems, Inc. is a leading technology provider for the aerospace and defense industry, focusing on proprietary hardware and advanced subsystems for mission-critical applications [4] - The company serves approximately 300 programs with 25 major defense contractors and commercial aviation clients across the United States, Europe, and Asia Pacific [7] - Mercury Systems operates an original equipment manufacturing model, generating revenue through the sale of proprietary hardware and subsystems [7] Financial Performance - As of November 11, 2025, Mercury Systems had a market capitalization of $4.38 billion and revenue of $933 million for the trailing twelve months (TTM) [2] - The company reported a net income of -$33 million for the TTM [2] - The stock price was $72.74, reflecting a 65.66% increase over the past year, significantly outperforming the S&P 500 by 56.16 percentage points [6] Recent Transactions - Staley Capital Advisers sold 58,820 shares of Mercury Systems in Q3 2025, reducing its stake to 411,310 shares valued at $31.84 million [2] - Following the sale, Staley's stake in Mercury Systems accounted for 1.31% of its reportable assets under management (AUM) [2][9] - The sale appears to be part of a broader strategy, as Staley also sold stakes in other stocks, indicating a profit-taking move while retaining confidence in Mercury [9]

Core Insights - Conestoga Capital Advisors sold 279,026 shares of Mercury Systems for approximately $17.35 million, reducing its holdings to 2,279,909 shares [2][3] - The sale represents 2.83% of Conestoga's reportable assets under management [3] - Mercury Systems' stock price increased by 129.6% year-over-year, outperforming the S&P 500 by 111.01 percentage points [3] Company Overview - Mercury Systems specializes in manufacturing components, products, modules, and subsystems for the aerospace and defense industry [5][6] - The company reported a market capitalization of $4.76 billion and a revenue of $912.02 million for the trailing twelve months [4] - As of October 23, 2025, the stock price was $77.60, reflecting a one-year price change of 129.59% [4] Recent Performance - Mercury Systems' shares have advanced by 89% year-to-date, significantly outperforming the S&P 500's 17% performance [9] - The recent sale by Conestoga is viewed as profit-taking rather than a negative outlook on Mercury Systems' stock [9][10]