Mercury Systems, Inc. (NASDAQ:MRCY) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 673,224 shares of the technology company's stock after purchasing an additional 14,391 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.13% of Mercury Systems worth $28,275,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in Mercury Systems by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 245,880 shares of the technology company's stock valued at $10,327,000 after buying an additional 7,512 shares during the period. Van ECK Associates Corp raised its position in shares of Mercury Systems by 35.1% in the 4th quarter. Van ECK Associates Corp now owns 297,109 shares of the technology company's stock worth $12,479,000 after acquiring an additional 77,254 shares in the last quarter. Fisher Asset Management LLC purchased a new stake in shares of Mercury Systems during the 4th quarter worth $16,601,000. FMR LLC boosted its position in Mercury Systems by 46.5% during the third quarter. FMR LLC now owns 3,067 shares of the technology company's stock valued at $113,000 after purchasing an additional 974 shares in the last quarter. Finally, PEAK6 Investments LLC purchased a new position in Mercury Systems in the third quarter valued at about $686,000. 95.99% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several analysts have commented on MRCY shares. The Goldman Sachs Group increased their price target on shares of Mercury Systems from $25.00 to $28.00 and gave the company a "sell" rating in a research report on Thursday, January 16th. StockNews.com upgraded shares of Mercury Systems from a "sell" rating to a "hold" rating in a research note on Thursday, December 5th. Truist Financial raised Mercury Systems from a "hold" rating to a "buy" rating and upped their price target for the stock from $49.00 to $56.00 in a research report on Thursday, March 13th. Baird R W raised Mercury Systems from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Finally, Robert W. Baird raised 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 report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $43.86.

Mercury Systems Stock Performance

NASDAQ MRCY traded down $1.20 during trading hours on Friday, reaching $45.26. The stock had a trading volume of 436,820 shares, compared to its average volume of 533,554. Mercury Systems, Inc. has a 52-week low of $26.48 and a 52-week high of $52.25. The stock has a fifty day moving average of $43.78 and a 200 day moving average of $40.16. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.36 and a current ratio of 3.62. The stock has a market cap of $2.70 billion, a P/E ratio of -29.01 and a beta of 0.80.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last released 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%. Sell-side analysts predict that Mercury Systems, Inc. will post -0.08 earnings per share for the current year.

Insider Buying and Selling at Mercury Systems

In related news, EVP Stuart Kupinsky sold 2,377 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total transaction of $104,873.24. Following the sale, the executive vice president now directly owns 62,834 shares of the company's stock, valued at $2,772,236.08. This trade represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Charles Roger Iv Wells sold 2,342 shares of Mercury Systems stock in a transaction that occurred on 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 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 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.