Mercury Systems, Inc. (NASDAQ:MRCY) Shares Sold by CenterBook Partners LP

CenterBook Partners LP reduced its position in Mercury Systems, Inc. (NASDAQ:MRCY) by 13.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 72,048 shares of the technology company’s stock after selling 11,497 shares during the quarter. CenterBook Partners LP’s holdings in Mercury Systems were worth $3,026,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of 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 holdings in 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 in the last quarter. Van ECK Associates Corp increased its position in Mercury Systems by 35.1% during the 4th 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 during the period. Zions Bancorporation N.A. raised its stake in shares of Mercury Systems by 14.4% during the 4th quarter. Zions Bancorporation N.A. now owns 50,159 shares of the technology company’s stock worth $2,107,000 after buying an additional 6,325 shares in the last quarter. Finally, Fisher Asset Management LLC acquired a new stake in shares of Mercury Systems in the 4th quarter valued at approximately $16,601,000. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on MRCY. Truist Financial raised Mercury Systems from a “hold” rating to a “buy” rating and upped their price objective for the stock from $49.00 to $56.00 in a report on Thursday, March 13th. The Goldman Sachs Group raised their price objective on shares of Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a research note on Thursday, January 16th. 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 lifted their price target for the company from $37.00 to $58.00 in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Mercury Systems has a consensus rating of “Hold” and a consensus target price of $43.86.

Mercury Systems Stock Up 3.8 %

Shares of NASDAQ MRCY opened at $44.61 on Thursday. The firm’s 50-day moving average is $44.41 and its two-hundred day moving average is $40.98. The company has a market capitalization of $2.66 billion, a PE ratio of -28.60 and a beta of 0.86. Mercury Systems, Inc. has a 12-month low of $26.48 and a 12-month high of $52.25. 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 earnings results on Tuesday, February 4th. The technology company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates 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%. Equities analysts anticipate that Mercury Systems, Inc. will post -0.08 EPS for the current fiscal year.

Insider Buying and Selling

In related news, 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 transaction of $103,329.04. Following the sale, the chief operating officer now owns 95,928 shares in the company, valued at approximately $4,232,343.36. This trade represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stuart Kupinsky sold 2,377 shares of Mercury Systems 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 $104,873.24. Following the completion of the sale, the executive vice president now directly owns 62,834 shares of the company’s stock, valued at $2,772,236.08. The trade was a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,314 shares of company stock worth $234,454. 1.60% of the stock is owned by corporate insiders.

Mercury Systems 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.