Blair William & Co. IL Sells 21,154 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Blair William & Co. IL lessened its stake in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 13.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,039 shares of the technology company's stock after selling 21,154 shares during the quarter. Blair William & Co. IL owned about 0.23% of Mercury Systems worth $5,714,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Conestoga Capital Advisors LLC grew its position in shares of Mercury Systems by 55.9% during the 4th quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company's stock worth $87,058,000 after buying an additional 743,552 shares during the period. Fisher Asset Management LLC bought a new position in Mercury Systems in the fourth quarter valued at approximately $16,601,000. Victory Capital Management Inc. grew its holdings in Mercury Systems by 16.7% during the 4th 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. Barclays PLC raised its position in shares of Mercury Systems by 471.3% during the 3rd quarter. Barclays PLC now owns 175,562 shares of the technology company's stock valued at $6,496,000 after acquiring an additional 144,831 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Mercury Systems in the 4th quarter valued at $4,258,000. 95.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related 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 approximately $642,916.64. This represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stuart Kupinsky sold 2,377 shares of Mercury Systems 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 sale, the executive vice president now owns 62,834 shares in the company, 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. Insiders sold a total of 5,314 shares of company stock valued at $234,454 in the last quarter. 1.60% of the stock is currently owned by insiders.

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Analysts Set New Price Targets

MRCY has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their price objective on Mercury Systems from $25.00 to $28.00 and gave the stock a "sell" rating in a research note on Thursday, January 16th. StockNews.com upgraded Mercury Systems from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. Truist Financial upgraded shares of Mercury Systems from a "hold" rating to a "buy" rating and increased their price target for the company from $49.00 to $56.00 in a research report on Thursday, March 13th. Robert W. Baird raised shares of Mercury Systems from a "neutral" rating to an "outperform" rating and upped their target price for the company from $37.00 to $58.00 in a research note on Wednesday, February 5th. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $43.86.

Mercury Systems Stock Up 3.7 %

MRCY traded up $1.63 during trading on Wednesday, hitting $45.12. The company had a trading volume of 504,746 shares, compared to its average volume of 554,711. The company has a market capitalization of $2.69 billion, a PE ratio of -28.92 and a beta of 0.79. 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, Inc. has a one year low of $26.48 and a one year high of $52.25. The firm's 50-day moving average price is $44.06 and its 200 day moving average price is $40.63.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last posted its quarterly earnings data 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, equities analysts expect that Mercury Systems, Inc. will post -0.08 earnings per share for the current year.

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.