Aster Capital Management DIFC Ltd Lowers Stock Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Aster Capital Management DIFC Ltd decreased its position in Mercury Systems, Inc. (NASDAQ:MRCY) by 41.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 666 shares of the technology company’s stock after selling 473 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Mercury Systems were worth $28,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. grew its position in shares of Mercury Systems by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 245,880 shares of the technology company’s stock valued at $10,327,000 after acquiring an additional 7,512 shares during the period. Victory Capital Management Inc. boosted its position in Mercury Systems by 16.7% during the fourth 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. Van ECK Associates Corp boosted its position in Mercury Systems by 35.1% during the fourth quarter. Van ECK Associates Corp now owns 297,109 shares of the technology company’s stock worth $12,479,000 after purchasing an additional 77,254 shares in the last quarter. Zions Bancorporation N.A. grew its holdings in Mercury Systems by 14.4% in the fourth quarter. Zions Bancorporation N.A. now owns 50,159 shares of the technology company’s stock valued at $2,107,000 after purchasing an additional 6,325 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Mercury Systems by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 5,550,610 shares of the technology company’s stock valued at $233,126,000 after buying an additional 41,324 shares in the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Price Performance

Shares of NASDAQ MRCY opened at $44.75 on Friday. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of -28.69 and a beta of 0.86. Mercury Systems, Inc. has a 52 week low of $26.48 and a 52 week high of $52.25. The firm has a 50-day simple moving average of $44.47 and a 200-day simple moving average of $41.04. The company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Mercury Systems had a negative return on equity of 2.03% and a negative net margin of 10.23%. On average, equities analysts predict that Mercury Systems, Inc. will post -0.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Charles Roger Iv Wells sold 2,342 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 95,928 shares of the company’s stock, valued at approximately $4,232,343.36. This trade represents a 2.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stuart Kupinsky sold 2,377 shares of the company’s stock in a transaction dated 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 in the company, valued at $2,772,236.08. The trade was a 3.65 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,314 shares of company stock valued at $234,454. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.