395,265 Shares in Mercury Systems, Inc. (NASDAQ:MRCY) Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC acquired a new stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 395,265 shares of the technology company's stock, valued at approximately $16,601,000. Fisher Asset Management LLC owned approximately 0.66% of Mercury Systems as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MRCY. Nisa Investment Advisors LLC raised its position in Mercury Systems by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company's stock valued at $62,000 after purchasing an additional 503 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Mercury Systems in the 4th quarter valued at approximately $75,000. Covestor Ltd boosted its position in Mercury Systems by 41.2% during the 3rd quarter. Covestor Ltd now owns 2,124 shares of the technology company's stock worth $78,000 after buying an additional 620 shares during the period. KBC Group NV grew its holdings in Mercury Systems by 49.4% during the 4th quarter. KBC Group NV now owns 2,496 shares of the technology company's stock worth $105,000 after acquiring an additional 825 shares during the last quarter. Finally, FMR LLC increased its position in Mercury Systems by 46.5% in the 3rd quarter. FMR LLC now owns 3,067 shares of the technology company's stock valued at $113,000 after acquiring an additional 974 shares during the period. Institutional investors own 95.99% of the company's stock.

Mercury Systems Trading Up 0.1 %

NASDAQ MRCY traded up $0.04 during trading hours on Friday, hitting $43.84. 472,448 shares of the company's stock were exchanged, compared to its average volume of 532,092. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of -28.10 and a beta of 0.79. The stock has a 50-day simple moving average of $43.33 and a 200 day simple moving average of $39.68. 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 1-year low of $26.48 and a 1-year high of $52.25.

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Mercury Systems (NASDAQ:MRCY - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. On average, equities analysts forecast that Mercury Systems, Inc. will post -0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MRCY has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Mercury Systems from $36.00 to $40.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. The Goldman Sachs Group lifted their target price on Mercury Systems from $25.00 to $28.00 and gave the stock a "sell" rating in a report on Thursday, January 16th. Truist Financial increased their price target on Mercury Systems from $35.00 to $44.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. Baird R W raised Mercury Systems from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Finally, Robert W. Baird upgraded 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 report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Mercury Systems presently has a consensus rating of "Hold" and an average price target of $42.14.

Insider Transactions at Mercury Systems

In related news, CAO Douglas Munro sold 595 shares of the company'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 $26,251.40. Following the sale, the chief accounting officer now owns 14,572 shares in the company, valued at $642,916.64. This represents a 3.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Stuart Kupinsky sold 2,377 shares of Mercury Systems stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $104,873.24. Following the transaction, the executive vice president now owns 62,834 shares of the company's stock, valued at $2,772,236.08. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,314 shares of company stock valued at $234,454 over the last ninety days. 1.60% of the stock is owned by company insiders.

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.