Royce & Associates LP Has $11.03 Million Stock Holdings in Mercury Systems, Inc. (NASDAQ:MRCY)

Royce & Associates LP raised its holdings in Mercury Systems, Inc. (NASDAQ:MRCY) by 18.7% in the 4th quarter, HoldingsChannel reports. The fund owned 262,659 shares of the technology company’s stock after acquiring an additional 41,380 shares during the period. Royce & Associates LP’s holdings in Mercury Systems were worth $11,032,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

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

Mercury Systems Price Performance

Shares of NASDAQ MRCY opened at $46.44 on Tuesday. The firm has a market capitalization of $2.77 billion, a P/E ratio of -29.77 and a beta of 0.80. The firm’s 50-day moving average price is $43.61 and its 200-day moving average price is $40.02. 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, Inc. has a 1-year low of $26.48 and a 1-year high of $52.25.

Mercury Systems (NASDAQ:MRCY) last issued its 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%. Equities research analysts anticipate that Mercury Systems, Inc. will post -0.08 earnings per share for the current fiscal year.

Insider Transactions at Mercury Systems

In other Mercury Systems news, CAO Douglas Munro sold 595 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 transaction of $26,251.40. Following the completion of the sale, the chief accounting officer now owns 14,572 shares in the company, valued at approximately $642,916.64. The trade was a 3.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Stuart Kupinsky sold 2,377 shares of the company’s 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 transaction, the executive vice president now owns 62,834 shares in the company, valued at approximately $2,772,236.08. The trade was a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,314 shares of company stock valued at $234,454 over the last ninety days. 1.60% of the stock is owned by company insiders.

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.