Conestoga Capital Advisors LLC Raises Stock Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Conestoga Capital Advisors LLC boosted its stake in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 55.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,072,817 shares of the technology company's stock after purchasing an additional 743,552 shares during the period. Conestoga Capital Advisors LLC owned about 3.48% of Mercury Systems worth $87,058,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Mercury Systems by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 658,833 shares of the technology company's stock worth $24,377,000 after purchasing an additional 9,582 shares during the last quarter. Royce & Associates LP grew its holdings in Mercury Systems by 0.9% in the 3rd quarter. Royce & Associates LP now owns 221,279 shares of the technology company's stock worth $8,187,000 after acquiring an additional 1,920 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Mercury Systems by 28.1% in the third quarter. Van ECK Associates Corp now owns 219,855 shares of the technology company's stock valued at $7,431,000 after acquiring an additional 48,237 shares during the period. Barclays PLC raised its stake in shares of Mercury Systems by 471.3% during the third 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, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Mercury Systems during the second quarter worth about $3,079,000. 95.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MRCY has been the topic of a number of research analyst reports. Truist Financial boosted their price target on Mercury Systems from $35.00 to $44.00 and gave the company a "hold" rating in a report on Tuesday, January 14th. The Goldman Sachs Group boosted their target price on Mercury Systems from $25.00 to $28.00 and gave the company a "sell" rating in a research note on Thursday, January 16th. 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. StockNews.com upgraded shares of Mercury Systems from a "sell" rating to a "hold" rating in a report on Thursday, December 5th. Finally, Jefferies Financial Group upgraded shares of Mercury Systems from an "underperform" rating to a "hold" rating and upped their price objective for the stock from $30.00 to $42.00 in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $42.14.

Insider Buying and Selling at Mercury Systems

In other news, COO Charles Roger Iv Wells sold 1,527 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $38.80, for a total transaction of $59,247.60. Following the sale, the chief operating officer now owns 113,488 shares in the company, valued at $4,403,334.40. This represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

Mercury Systems Stock Down 5.1 %

Shares of Mercury Systems stock traded down $2.54 during trading on Thursday, hitting $47.34. The company's stock had a trading volume of 861,190 shares, compared to its average volume of 531,908. Mercury Systems, Inc. has a 52 week low of $25.31 and a 52 week high of $52.25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 4.10. The company has a fifty day simple moving average of $41.23 and a two-hundred day simple moving average of $38.37. The company has a market capitalization of $2.82 billion, a PE ratio of -23.09 and a beta of 0.79.

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 analysts' consensus estimates of ($0.04) by ($0.04). Mercury Systems had a negative net margin of 13.80% and a negative return on equity of 3.96%. Equities research analysts predict that Mercury Systems, Inc. will post -0.14 earnings per share for the current year.

About Mercury Systems

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.