Geode Capital Management LLC Sells 40,986 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Geode Capital Management LLC lowered its holdings in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,230,214 shares of the technology company's stock after selling 40,986 shares during the period. Geode Capital Management LLC owned about 2.06% of Mercury Systems worth $51,681,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MRCY. FMR LLC boosted its stake in shares of Mercury Systems by 46.5% during the 3rd quarter. FMR LLC now owns 3,067 shares of the technology company's stock valued at $113,000 after buying an additional 974 shares during the last quarter. Quantinno Capital Management LP boosted its stake in Mercury Systems by 15.4% during the 3rd quarter. Quantinno Capital Management LP now owns 11,096 shares of the technology company's stock valued at $411,000 after acquiring an additional 1,478 shares during the last quarter. Stifel Financial Corp acquired a new position in Mercury Systems during the 3rd quarter worth $246,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Mercury Systems in the 3rd quarter worth about $219,000. Finally, Barclays PLC increased its position in shares of Mercury Systems by 471.3% in the 3rd quarter. Barclays PLC now owns 175,562 shares of the technology company's stock worth $6,496,000 after purchasing an additional 144,831 shares during the last quarter. Institutional investors and hedge funds own 95.99% of the company's stock.

Mercury Systems Price Performance

NASDAQ MRCY traded up $0.25 on Friday, reaching $47.96. The company's stock had a trading volume of 933,657 shares, compared to its average volume of 578,640. The firm's 50 day moving average is $44.60 and its two-hundred day moving average is $41.44. The stock has a market cap of $2.86 billion, a PE ratio of -30.74 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.36 and a current ratio of 3.62. Mercury Systems, Inc. has a twelve month low of $26.48 and a twelve month high of $52.25.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last issued 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 return on equity of 2.03% and a negative net margin of 10.23%. As a group, sell-side analysts predict that Mercury Systems, Inc. will post -0.08 EPS for the current year.

Insider Activity

In other news, CAO Douglas Munro sold 595 shares of Mercury Systems stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total transaction of $26,251.40. Following the transaction, the chief accounting officer now owns 14,572 shares in the company, valued at approximately $642,916.64. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Stuart Kupinsky sold 2,377 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $104,873.24. Following the completion of the sale, the executive vice president now directly owns 62,834 shares of the company's stock, valued at approximately $2,772,236.08. This represents 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 over the last three months. Insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

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

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.