King Luther Capital Management Corp Has $4.37 Million Position in Mercury Systems, Inc. (NASDAQ:MRCY)

King Luther Capital Management Corp lowered its position in Mercury Systems, Inc. (NASDAQ:MRCY) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,074 shares of the technology company’s stock after selling 4,971 shares during the quarter. King Luther Capital Management Corp’s holdings in Mercury Systems were worth $4,371,000 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. Mirae Asset Global Investments Co. Ltd. bought a new stake in Mercury Systems in the fourth quarter valued at approximately $75,000. Covestor Ltd boosted its holdings in Mercury Systems by 41.2% in the third quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock valued at $78,000 after acquiring an additional 620 shares during the last quarter. KBC Group NV boosted its holdings in Mercury Systems by 49.4% in the fourth quarter. KBC Group NV now owns 2,496 shares of the technology company’s stock valued at $105,000 after acquiring an additional 825 shares during the last quarter. FMR LLC boosted its holdings in Mercury Systems by 46.5% in the third quarter. FMR LLC now owns 3,067 shares of the technology company’s stock valued at $113,000 after acquiring an additional 974 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Mercury Systems by 52.5% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,502 shares of the technology company’s stock valued at $189,000 after acquiring an additional 1,549 shares during the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Insider Activity at Mercury Systems

In other news, EVP Stuart Kupinsky sold 2,377 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total transaction of $104,873.24. Following the completion of the transaction, the executive vice president now owns 62,834 shares in the company, valued at approximately $2,772,236.08. This represents a 3.65 % decrease in their position. The transaction was disclosed in a legal 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 stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $103,329.04. Following the transaction, the chief operating officer now owns 95,928 shares of the company’s stock, valued at $4,232,343.36. The trade was a 2.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,314 shares of company stock valued at $234,454. 1.60% of the stock is owned by insiders.

Mercury Systems Price Performance

Shares of MRCY opened at $42.10 on Thursday. Mercury Systems, Inc. has a 12-month low of $26.48 and a 12-month high of $52.25. The business’s fifty day moving average is $43.40 and its 200 day moving average is $39.82. The company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41. The stock has a market cap of $2.51 billion, a P/E ratio of -26.99 and a beta of 0.80.

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

Analysts Set New Price Targets

Several analysts recently commented on the company. Robert W. Baird upgraded Mercury Systems from a “neutral” rating to an “outperform” rating and upped their target price for the company from $37.00 to $58.00 in a report on Wednesday, February 5th. Baird R W upgraded Mercury Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. StockNews.com upgraded Mercury Systems from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Truist Financial increased their price target on Mercury Systems from $35.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Finally, The Goldman Sachs Group increased their price target on Mercury Systems from $25.00 to $28.00 and gave the stock a “sell” rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $42.14.

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.