American Century Companies Inc. Reduces Position in Mercury Systems, Inc. (NASDAQ:MRCY)

American Century Companies Inc. cut its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 68.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,066 shares of the technology company's stock after selling 21,457 shares during the quarter. American Century Companies Inc.'s holdings in Mercury Systems were worth $423,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Mercury Systems in the 4th quarter worth $75,000. KBC Group NV boosted its position in shares of Mercury Systems by 49.4% during the fourth quarter. KBC Group NV now owns 2,496 shares of the technology company's stock valued at $105,000 after buying an additional 825 shares during the last quarter. FMR LLC increased its holdings in Mercury Systems by 46.5% in the 3rd quarter. FMR LLC now owns 3,067 shares of the technology company's stock worth $113,000 after buying an additional 974 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in Mercury Systems by 52.5% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,502 shares of the technology company's stock worth $189,000 after buying an additional 1,549 shares during the last quarter. Finally, Cibc World Markets Corp bought a new position in Mercury Systems during the 4th quarter valued at about $204,000. Hedge funds and other institutional investors own 95.99% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MRCY. The Goldman Sachs Group boosted 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 upgraded Mercury Systems from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Robert W. Baird raised 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 report on Wednesday, February 5th. Finally, Truist Financial raised Mercury Systems from a "hold" rating to a "buy" rating and raised their target price for the stock from $49.00 to $56.00 in a research report on Thursday, March 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $43.86.

Mercury Systems Stock Performance

Shares of NASDAQ MRCY traded down $0.19 during trading on Thursday, hitting $47.53. The company had a trading volume of 65,532 shares, compared to its average volume of 573,398. The stock has a 50 day simple moving average of $44.55 and a 200 day simple moving average of $41.30. The firm has a market capitalization of $2.84 billion, a P/E ratio of -30.47 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.36 and a current ratio of 3.62. Mercury Systems, Inc. has a 12 month low of $26.48 and a 12 month high of $52.25.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.08) 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%. As a group, analysts anticipate that Mercury Systems, Inc. will post -0.08 earnings per share for the current year.

Insider Buying and Selling

In other Mercury Systems news, CAO Douglas Munro sold 595 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $26,251.40. Following the completion of the transaction, the chief accounting officer now owns 14,572 shares in the company, valued at $642,916.64. This trade represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Charles Roger Iv Wells sold 2,342 shares of Mercury Systems stock in a transaction dated Tuesday, February 18th. The stock was 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 owns 95,928 shares of the company's stock, valued at approximately $4,232,343.36. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, 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.