Blair William & Co. IL Trims Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Blair William & Co. IL trimmed its position in Mercury Systems, Inc. (NASDAQ:MRCY) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 136,039 shares of the technology company’s stock after selling 21,154 shares during the period. Blair William & Co. IL’s holdings in Mercury Systems were worth $5,714,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Mercury Systems by 0.8% in 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 during the period. Conestoga Capital Advisors LLC increased its holdings in Mercury Systems by 55.9% during the fourth quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company’s stock valued at $87,058,000 after buying an additional 743,552 shares during the last quarter. Victory Capital Management Inc. raised its position in Mercury Systems by 16.7% in the fourth quarter. Victory Capital Management Inc. now owns 2,060,131 shares of the technology company’s stock worth $86,526,000 after acquiring an additional 294,747 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Mercury Systems by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 673,224 shares of the technology company’s stock worth $28,275,000 after acquiring an additional 14,391 shares during the last quarter. Finally, Fisher Asset Management LLC bought a new stake in shares of Mercury Systems during the 4th quarter valued at $16,601,000. 95.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mercury Systems

In other news, COO Charles Roger Iv Wells sold 2,342 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total transaction 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 approximately $4,232,343.36. This represents a 2.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stuart Kupinsky sold 2,377 shares of the firm’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 $104,873.24. Following the completion of the transaction, the executive vice president now directly owns 62,834 shares of the company’s stock, valued at approximately $2,772,236.08. This trade represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,314 shares of company stock valued at $234,454. 1.60% of the stock is currently owned by insiders.

Mercury Systems Trading Down 1.8 %

MRCY stock opened at $42.82 on Monday. 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 1-year low of $26.48 and a 1-year high of $52.25. The business has a 50 day simple moving average of $44.06 and a two-hundred day simple moving average of $40.55. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of -27.45 and a beta of 0.80.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MRCY shares. The Goldman Sachs Group raised their target price on Mercury Systems from $25.00 to $28.00 and gave the stock a “sell” rating in a report on Thursday, January 16th. StockNews.com raised Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Truist Financial upgraded Mercury Systems from a “hold” rating to a “buy” rating and boosted their price objective for the company from $49.00 to $56.00 in a research note on Thursday, March 13th. Baird R W raised shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Finally, Robert W. Baird upgraded shares of Mercury Systems from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $37.00 to $58.00 in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Mercury Systems presently 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.