5,728 Shares in Mercury Systems, Inc. (NASDAQ:MRCY) Acquired by Ieq Capital LLC

Ieq Capital LLC bought a new position in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,728 shares of the technology company's stock, valued at approximately $241,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc purchased a new stake in shares of Mercury Systems during the 4th quarter worth about $225,000. Principal Financial Group Inc. grew its stake 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 worth $10,327,000 after buying an additional 7,512 shares during the period. Van ECK Associates Corp grew its stake in Mercury Systems by 35.1% during the fourth quarter. Van ECK Associates Corp now owns 297,109 shares of the technology company's stock worth $12,479,000 after buying an additional 77,254 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Mercury Systems in the fourth quarter worth $75,000. Finally, Verity Asset Management Inc. raised its stake in shares of Mercury Systems by 20.8% in the 4th quarter. Verity Asset Management Inc. now owns 8,943 shares of the technology company's stock valued at $376,000 after acquiring an additional 1,541 shares during the period. Institutional investors and hedge funds own 95.99% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Baird R W raised shares of Mercury Systems from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Truist Financial increased their target price on Mercury Systems from $35.00 to $44.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. Jefferies Financial Group upgraded Mercury Systems from an "underperform" rating to a "hold" rating and raised their target price for the company from $30.00 to $42.00 in a report on Monday, November 11th. JPMorgan Chase & Co. upped their price target on Mercury Systems from $36.00 to $40.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Finally, StockNews.com upgraded shares of Mercury Systems from a "sell" rating to a "hold" rating in a research note on Thursday, December 5th. One equities 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $42.14.

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Insider Buying and Selling at Mercury Systems

In other Mercury Systems news, COO Charles Roger Iv Wells sold 2,342 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total transaction of $103,329.04. Following the completion of the transaction, the chief operating officer now directly 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 SEC, which can be accessed through this hyperlink. Also, CAO Douglas Munro sold 595 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $26,251.40. Following the completion of the sale, the chief accounting officer now directly owns 14,572 shares in the company, valued at $642,916.64. This represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,314 shares of company stock valued at $234,454 in the last ninety days. Company insiders own 1.60% of the company's stock.

Mercury Systems Stock Up 0.5 %

Shares of MRCY stock traded up $0.21 during mid-day trading on Tuesday, reaching $43.82. 149,718 shares of the company were exchanged, compared to its average volume of 530,606. 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 business's 50 day simple moving average is $43.17 and its 200 day simple moving average is $39.60. The company has a market capitalization of $2.62 billion, a P/E ratio of -28.07 and a beta of 0.79. Mercury Systems, Inc. has a fifty-two week low of $26.48 and a fifty-two week high of $52.25.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share for the quarter, missing the consensus estimate 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%. Research analysts predict that Mercury Systems, Inc. will post -0.08 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.