Hunter Perkins Capital Management LLC Sells 2,875 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Hunter Perkins Capital Management LLC trimmed its stake in Mercury Systems, Inc. (NASDAQ:MRCY) by 13.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 18,981 shares of the technology company’s stock after selling 2,875 shares during the period. Hunter Perkins Capital Management LLC’s holdings in Mercury Systems were worth $797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC lifted its stake in shares of Mercury Systems by 144.0% in the third quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock valued at $25,000 after buying an additional 393 shares during the period. Nisa Investment Advisors LLC raised its holdings in Mercury Systems by 43.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock valued at $62,000 after acquiring an additional 503 shares in the last quarter. Covestor Ltd lifted its position in shares of Mercury Systems by 41.2% in the 3rd quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock worth $78,000 after acquiring an additional 620 shares during the period. KBC Group NV grew its holdings in shares of Mercury Systems by 49.4% during the 4th quarter. KBC Group NV now owns 2,496 shares of the technology company’s stock worth $105,000 after purchasing an additional 825 shares in the last quarter. Finally, FMR LLC increased its position in shares of Mercury Systems by 46.5% during the third quarter. FMR LLC now owns 3,067 shares of the technology company’s stock valued at $113,000 after purchasing an additional 974 shares during the period. Institutional investors own 95.99% of the company’s stock.

Mercury Systems Stock Up 0.6 %

Shares of MRCY stock opened at $42.71 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.10 and a quick ratio of 2.59. Mercury Systems, Inc. has a 12-month low of $25.31 and a 12-month high of $44.63. The firm has a 50-day moving average price of $40.89 and a 200 day moving average price of $37.81.

Insider Activity

In other news, COO Charles Roger Iv Wells sold 1,527 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $38.80, for a total transaction of $59,247.60. Following the sale, the chief operating officer now owns 113,488 shares in the company, valued at approximately $4,403,334.40. This represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MRCY has been the subject of several research reports. Jefferies Financial Group raised Mercury Systems from an “underperform” rating to a “hold” rating and raised their target price for the stock from $30.00 to $42.00 in a research report on Monday, November 11th. StockNews.com raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Truist Financial upped their target price on shares of Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. The Goldman Sachs Group increased their price target on shares of Mercury Systems from $25.00 to $28.00 and gave the stock a “sell” rating in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $39.14.

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.