Mercury Systems, Inc. (NASDAQ:MRCY) Position Increased by Corient Private Wealth LLC

Corient Private Wealth LLC lifted its position in Mercury Systems, Inc. (NASDAQ:MRCY) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,858 shares of the technology company’s stock after acquiring an additional 266 shares during the period. Corient Private Wealth LLC’s holdings in Mercury Systems were worth $288,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Conestoga Capital Advisors LLC boosted its stake in Mercury Systems by 55.9% in the 4th quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company’s stock worth $87,058,000 after purchasing an additional 743,552 shares during the period. Fisher Asset Management LLC acquired a new stake in shares of Mercury Systems in the fourth quarter worth $16,601,000. Victory Capital Management Inc. grew its holdings in shares of Mercury Systems by 16.7% during the fourth quarter. Victory Capital Management Inc. now owns 2,060,131 shares of the technology company’s stock valued at $86,526,000 after buying an additional 294,747 shares in the last quarter. Barclays PLC raised its position in Mercury Systems by 471.3% during the third quarter. Barclays PLC now owns 175,562 shares of the technology company’s stock valued at $6,496,000 after buying an additional 144,831 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Mercury Systems in the 4th quarter worth about $4,258,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

Insider Transactions at Mercury Systems

In other news, EVP Stuart Kupinsky sold 2,377 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $104,873.24. Following the completion of the sale, the executive vice president now directly owns 62,834 shares in the company, valued at approximately $2,772,236.08. The trade was a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Charles Roger Iv Wells sold 2,342 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $103,329.04. Following the completion of the transaction, the chief operating officer now owns 95,928 shares in the company, valued at $4,232,343.36. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,314 shares of company stock worth $234,454. 1.60% of the stock is owned by corporate insiders.

Mercury Systems Stock Performance

MRCY stock opened at $43.09 on Tuesday. The firm has a 50 day moving average of $44.06 and a two-hundred day moving average of $40.60. Mercury Systems, Inc. has a 12 month low of $26.48 and a 12 month high of $52.25. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of -27.62 and a beta of 0.80. The company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Mercury Systems had a negative return on equity of 2.03% and a negative net margin of 10.23%. As a group, equities analysts anticipate that Mercury Systems, Inc. will post -0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MRCY shares. The Goldman Sachs Group lifted their target price on Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a research note on Thursday, January 16th. StockNews.com raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Robert W. Baird upgraded shares of Mercury Systems from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $37.00 to $58.00 in a research report on Wednesday, February 5th. Baird R W raised shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Finally, Truist Financial raised shares of Mercury Systems from a “hold” rating to a “buy” rating and upped their price target for the stock from $49.00 to $56.00 in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $43.86.

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.