Mercury Systems, Inc. (NASDAQ:MRCY) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. reduced its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,250 shares of the technology company’s stock after selling 300 shares during the period. Moors & Cabot Inc.’s holdings in Mercury Systems were worth $304,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in Mercury Systems by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 245,880 shares of the technology company’s stock worth $10,327,000 after acquiring an additional 7,512 shares during the period. Victory Capital Management Inc. boosted 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 purchasing an additional 294,747 shares during the period. Van ECK Associates Corp boosted its position in shares of Mercury Systems by 35.1% in the 4th quarter. Van ECK Associates Corp now owns 297,109 shares of the technology company’s stock valued at $12,479,000 after purchasing an additional 77,254 shares during the period. Fisher Asset Management LLC acquired a new position in shares of Mercury Systems in the 4th quarter valued at $16,601,000. Finally, FMR LLC boosted its position in shares of Mercury Systems by 46.5% in the 3rd 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. 95.99% of the stock is owned by institutional investors and hedge funds.

Mercury Systems Stock Up 3.2 %

Shares of Mercury Systems stock opened at $46.52 on Friday. 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 52-week low of $26.48 and a 52-week high of $52.25. The stock has a 50-day simple moving average of $43.54 and a 200-day simple moving average of $39.94.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, equities research analysts expect that Mercury Systems, Inc. will post -0.08 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Douglas Munro sold 595 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $26,251.40. Following the transaction, the chief accounting officer now directly owns 14,572 shares of the company’s stock, valued at approximately $642,916.64. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Charles Roger Iv Wells sold 2,342 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $103,329.04. Following the completion of the transaction, the chief operating officer now directly owns 95,928 shares in the company, valued at $4,232,343.36. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,314 shares of company stock worth $234,454 in the last three months. 1.60% of the stock is owned by insiders.

Analyst Ratings Changes

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

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.