Mercury Systems, Inc. (NASDAQ:MRCY) Shares Sold by State of Wyoming

State of Wyoming lowered its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 17.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,946 shares of the technology company’s stock after selling 3,081 shares during the quarter. State of Wyoming’s holdings in Mercury Systems were worth $628,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Mercury Systems by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 5,550,610 shares of the technology company’s stock worth $233,126,000 after purchasing an additional 41,324 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Mercury Systems by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,202,124 shares of the technology company’s stock worth $92,490,000 after purchasing an additional 52,725 shares in the last quarter. Conestoga Capital Advisors LLC increased its position in Mercury Systems by 55.9% during the 4th quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company’s stock worth $87,058,000 after purchasing an additional 743,552 shares in the last quarter. Victory Capital Management Inc. increased its position in Mercury Systems by 16.7% during the 4th quarter. Victory Capital Management Inc. now owns 2,060,131 shares of the technology company’s stock worth $86,526,000 after purchasing an additional 294,747 shares in the last quarter. Finally, Millennium Management LLC increased its position in Mercury Systems by 196.1% during the 4th quarter. Millennium Management LLC now owns 1,023,508 shares of the technology company’s stock worth $42,987,000 after purchasing an additional 677,894 shares in the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Stock Performance

Shares of MRCY opened at $46.14 on Monday. The business’s fifty day moving average price is $46.41 and its 200 day moving average price is $43.38. Mercury Systems, Inc. has a 12-month low of $26.48 and a 12-month high of $52.25. The stock has a market capitalization of $2.76 billion, a PE ratio of -29.58 and a beta of 0.70. 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 (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. Mercury Systems had a negative return on equity of 2.03% and a negative net margin of 10.23%. The firm had revenue of $211.36 million for the quarter, compared to analysts’ expectations of $204.25 million. During the same period last year, the business posted ($0.26) earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities research analysts forecast that Mercury Systems, Inc. will post -0.08 EPS for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling at Mercury Systems

In other Mercury Systems news, Director Jana Partners Management, Lp sold 88,152 shares of the firm’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $46.27, for a total value of $4,078,793.04. Following the sale, the director now directly owns 6,861,313 shares in the company, valued at approximately $317,472,952.51. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Steven Ratner sold 3,892 shares of the firm’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $47.70, for a total value of $185,648.40. Following the completion of the sale, the executive vice president now owns 56,187 shares in the company, valued at $2,680,119.90. The trade was a 6.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,358 shares of company stock worth $4,498,895. 1.60% of the stock is owned by insiders.

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.