Mercury Systems, Inc. (NASDAQ:MRCY) Holdings Trimmed by William Blair Investment Management LLC

William Blair Investment Management LLC trimmed its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 11.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,432,601 shares of the technology company’s stock after selling 866,911 shares during the period. Mercury Systems accounts for 0.7% of William Blair Investment Management LLC’s investment portfolio, making the stock its 27th biggest holding. William Blair Investment Management LLC owned 10.78% of Mercury Systems worth $270,169,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MRCY. Mirae Asset Global Investments Co. Ltd. purchased a new position in Mercury Systems during the 4th quarter worth approximately $75,000. 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 valued at $105,000 after acquiring an additional 825 shares in the last quarter. FMR LLC grew its holdings in shares of Mercury Systems by 46.5% during the 3rd quarter. FMR LLC now owns 3,067 shares of the technology company’s stock valued at $113,000 after acquiring an additional 974 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Mercury Systems by 52.5% during the 4th 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 in the last quarter. Finally, Cibc World Markets Corp purchased a new position in shares of Mercury Systems during the 4th quarter valued at $204,000. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, EVP Stuart Kupinsky sold 2,377 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were 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 of the company’s stock, valued at approximately $2,772,236.08. This represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Douglas Munro sold 595 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $26,251.40. Following the transaction, the chief accounting officer now directly owns 14,572 shares of the company’s stock, valued at $642,916.64. This represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,314 shares of company stock valued at $234,454 in the last quarter. Insiders own 1.60% of the company’s stock.

Mercury Systems Stock Up 3.2 %

Mercury Systems stock opened at $46.52 on Monday. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of -29.82 and a beta of 0.80. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.36. Mercury Systems, Inc. has a fifty-two week low of $26.48 and a fifty-two week high of $52.25. The firm has a fifty day moving average price of $43.54 and a two-hundred day moving average price of $39.96.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share 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, analysts forecast that Mercury Systems, Inc. will post -0.08 earnings per share for the current year.

About Mercury Systems

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.