Mercury Systems, Inc. (NASDAQ:MRCY) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC lowered its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 45.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,798 shares of the technology company’s stock after selling 8,323 shares during the period. Teza Capital Management LLC’s holdings in Mercury Systems were worth $412,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Sterling Capital Management LLC increased its stake in Mercury Systems by 762.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company’s stock worth $69,000 after buying an additional 1,449 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Mercury Systems during the fourth quarter valued at about $75,000. KBC Group NV increased its position in shares of Mercury Systems by 49.4% during the fourth quarter. KBC Group NV now owns 2,496 shares of the technology company’s stock worth $105,000 after acquiring an additional 825 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Mercury Systems by 52.5% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,502 shares of the technology company’s stock worth $189,000 after acquiring an additional 1,549 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of Mercury Systems in the fourth quarter worth about $204,000. 95.99% of the stock is owned by institutional investors and hedge funds.

Mercury Systems Stock Up 3.0%

Shares of NASDAQ:MRCY opened at $48.05 on Wednesday. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of -30.80 and a beta of 0.70. Mercury Systems, Inc. has a 1-year low of $26.48 and a 1-year high of $52.25. The company’s fifty day moving average is $46.56 and its two-hundred day moving average is $43.51. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.36 and a current ratio of 3.62.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, May 6th. The technology company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The company had revenue of $211.36 million for the quarter, compared to analysts’ expectations of $204.25 million. Mercury Systems had a negative net margin of 10.23% and a negative return on equity of 2.03%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.26) earnings per share. Equities analysts anticipate that Mercury Systems, Inc. will post -0.08 EPS for the current year.

Insiders Place Their Bets

In related news, Director Jana Partners Management, Lp sold 88,152 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $46.27, for a total value of $4,078,793.04. Following the sale, the director now owns 6,861,313 shares of the company’s stock, valued at $317,472,952.51. This trade represents a 1.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven Ratner sold 3,892 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $47.70, for a total transaction of $185,648.40. Following the completion of the sale, the executive vice president now directly owns 56,187 shares in the company, valued at approximately $2,680,119.90. This trade represents a 6.48% decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MRCY shares. The Goldman Sachs Group lifted their price objective on Mercury Systems from $30.00 to $33.00 and gave the stock a “sell” rating in a report on Monday, May 12th. Royal Bank of Canada lifted their price target on shares of Mercury Systems from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 7th. Truist Financial upgraded shares of Mercury Systems from a “hold” rating to a “buy” rating and increased their price objective for the company from $49.00 to $56.00 in a research note on Thursday, March 13th. Baird R W upgraded shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Finally, Robert W. Baird upgraded Mercury Systems from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $37.00 to $58.00 in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $46.71.

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.