Canada Pension Plan Investment Board Purchases New Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Canada Pension Plan Investment Board acquired a new position in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,700 shares of the technology company's stock, valued at approximately $323,000.

Other hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC raised its stake in shares of Mercury Systems by 762.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company's stock worth $69,000 after purchasing an additional 1,449 shares in the last quarter. Principal Financial Group Inc. raised its stake 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 worth $10,327,000 after purchasing an additional 7,512 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of 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 purchasing an additional 294,747 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Mercury Systems by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 5,550,610 shares of the technology company's stock worth $233,126,000 after purchasing an additional 41,324 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of 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 in the last quarter. 95.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Robert W. Baird raised Mercury Systems from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $37.00 to $58.00 in a research note on Wednesday, February 5th. The Goldman Sachs Group increased their price objective on Mercury Systems from $25.00 to $28.00 and gave the company a "sell" rating in a report on Thursday, January 16th. Truist Financial upgraded Mercury Systems from a "hold" rating to a "buy" rating and boosted their target price for the stock from $49.00 to $56.00 in a report on Thursday, March 13th. Finally, Baird R W upgraded Mercury Systems from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Mercury Systems presently has an average rating of "Hold" and an average price target of $43.86.

Mercury Systems Stock Performance

Mercury Systems stock traded down $0.02 on Monday, reaching $49.73. 306,694 shares of the stock were exchanged, compared to its average volume of 580,344. The stock has a market cap of $2.97 billion, a PE ratio of -31.88 and a beta of 0.86. The company has a current ratio of 3.62, a quick ratio of 2.36 and a debt-to-equity ratio of 0.41. Mercury Systems, Inc. has a twelve month low of $26.48 and a twelve month high of $52.25. The firm has a fifty day moving average price of $45.07 and a two-hundred day moving average price of $42.02.

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 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%. Sell-side analysts anticipate that Mercury Systems, Inc. will post -0.08 EPS for the current year.

Insider Transactions at Mercury Systems

In other news, COO Charles Roger Iv Wells sold 2,342 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $103,329.04. Following the transaction, the chief operating officer now 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 is available through this hyperlink. Also, CAO Douglas Munro sold 595 shares of the firm'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 $26,251.40. Following the completion of the transaction, the chief accounting officer now directly owns 14,572 shares in the company, valued at $642,916.64. This trade represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,314 shares of company stock valued at $234,454. 1.60% of the stock is owned by insiders.

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.