Blair William & Co. IL Reduces Stock Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Blair William & Co. IL lessened its holdings in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 13.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 136,039 shares of the technology company’s stock after selling 21,154 shares during the period. Blair William & Co. IL owned about 0.23% of Mercury Systems worth $5,714,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MRCY. Principal Financial Group Inc. increased its stake in shares of Mercury Systems by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 245,880 shares of the technology company’s stock valued at $10,327,000 after buying an additional 7,512 shares during the period. Victory Capital Management Inc. boosted its holdings in Mercury Systems by 16.7% in 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 acquiring an additional 294,747 shares in the last quarter. Van ECK Associates Corp increased its position in Mercury Systems by 35.1% during the 4th quarter. Van ECK Associates Corp now owns 297,109 shares of the technology company’s stock valued at $12,479,000 after purchasing an additional 77,254 shares during the period. Fisher Asset Management LLC bought a new position in Mercury Systems in the 4th quarter worth $16,601,000. Finally, FMR LLC lifted its position in shares of Mercury Systems by 46.5% in the 3rd quarter. FMR LLC now owns 3,067 shares of the technology company’s stock worth $113,000 after purchasing an additional 974 shares during the period. Institutional investors own 95.99% of the company’s stock.

Insider Transactions at Mercury Systems

In other Mercury Systems news, CAO Douglas Munro sold 595 shares of Mercury Systems stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $26,251.40. Following the completion of the sale, the chief accounting officer now owns 14,572 shares of the company’s stock, valued at approximately $642,916.64. This trade represents a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Charles Roger Iv Wells sold 2,342 shares of the company’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 $103,329.04. Following the transaction, the chief operating officer now directly owns 95,928 shares in the company, valued at approximately $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. Over the last 90 days, insiders have sold 5,314 shares of company stock worth $234,454. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Mercury Systems Stock Down 1.8 %

Shares of NASDAQ:MRCY opened at $42.82 on Monday. Mercury Systems, Inc. has a 12-month low of $26.48 and a 12-month high of $52.25. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of -27.45 and a beta of 0.80. The stock has a fifty day simple moving average of $44.06 and a two-hundred day simple moving average of $40.55. The company has a current ratio of 3.62, a quick ratio of 2.36 and a debt-to-equity ratio of 0.41.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, research analysts anticipate that Mercury Systems, Inc. will post -0.08 earnings per share for the current fiscal 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.