Barclays PLC Increases Holdings in Mercury Systems, Inc. (NASDAQ:MRCY)

Barclays PLC grew its holdings in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 9.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 192,597 shares of the technology company's stock after buying an additional 17,035 shares during the period. Barclays PLC owned 0.32% of Mercury Systems worth $8,089,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MRCY. Corient Private Wealth LLC raised its holdings in Mercury Systems by 4.0% in the 4th quarter. Corient Private Wealth LLC now owns 6,858 shares of the technology company's stock valued at $288,000 after acquiring an additional 266 shares during the last quarter. Ironwood Investment Management LLC increased its holdings in shares of Mercury Systems by 0.7% in the fourth quarter. Ironwood Investment Management LLC now owns 40,994 shares of the technology company's stock valued at $1,722,000 after purchasing an additional 300 shares during the last quarter. Bank of Montreal Can lifted its position in Mercury Systems by 5.0% during the fourth quarter. Bank of Montreal Can now owns 10,984 shares of the technology company's stock worth $461,000 after buying an additional 519 shares in the last quarter. Johnson Investment Counsel Inc. boosted its stake in Mercury Systems by 9.1% during the fourth quarter. Johnson Investment Counsel Inc. now owns 6,641 shares of the technology company's stock worth $279,000 after buying an additional 555 shares during the last quarter. Finally, KBC Group NV grew its holdings in Mercury Systems by 49.4% in the 4th 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 in the last quarter. 95.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mercury Systems

In other news, CAO Douglas Munro sold 595 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 $26,251.40. Following the completion of the transaction, the chief accounting officer now owns 14,572 shares in the company, valued at approximately $642,916.64. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Charles Roger Iv Wells sold 2,342 shares of the business's 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 transaction, the chief operating officer now directly owns 95,928 shares of the company's stock, valued at approximately $4,232,343.36. This represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,314 shares of company stock worth $234,454. Company insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MRCY shares. 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 boosted their target price 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. Robert W. Baird raised shares of Mercury Systems from a "neutral" rating to an "outperform" rating and increased their price target for the company from $37.00 to $58.00 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 lifted their price target for the company 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 given a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $43.86.

Mercury Systems Trading Down 0.7 %

NASDAQ:MRCY traded down $0.33 on Monday, reaching $49.42. 174,090 shares of the company's stock were exchanged, compared to its average volume of 579,852. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of -31.67 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 company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41. The business has a fifty day moving average of $44.96 and a 200-day moving average of $41.92.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced 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 return on equity of 2.03% and a negative net margin of 10.23%. As a group, analysts expect that Mercury Systems, Inc. will post -0.08 earnings per share for the current year.

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.