Kennedy Capital Management LLC Buys 277,355 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Kennedy Capital Management LLC increased its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 146.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 466,177 shares of the technology company's stock after acquiring an additional 277,355 shares during the period. Kennedy Capital Management LLC owned approximately 0.78% of Mercury Systems worth $19,579,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MRCY. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Mercury Systems in the 4th quarter worth approximately $75,000. KBC Group NV increased its holdings in shares of Mercury Systems by 49.4% in the fourth quarter. KBC Group NV now owns 2,496 shares of the technology company's stock valued at $105,000 after buying an additional 825 shares in the last quarter. FMR LLC lifted its position 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 acquiring an additional 974 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Mercury Systems by 52.5% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,502 shares of the technology company's stock worth $189,000 after acquiring an additional 1,549 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of Mercury Systems during the fourth quarter worth $204,000. 95.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Mercury Systems Stock Up 1.6 %

NASDAQ MRCY traded up $0.74 on Tuesday, reaching $47.90. The stock had a trading volume of 150,935 shares, compared to its average volume of 572,557. Mercury Systems, Inc. has a 1 year low of $26.48 and a 1 year high of $52.25. The business has a 50 day moving average price of $44.49 and a 200 day moving average price of $41.21. The company has a current ratio of 3.62, a quick ratio of 2.36 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of -30.71 and a beta of 0.86.

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 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, analysts forecast that Mercury Systems, Inc. will post -0.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Douglas Munro sold 595 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 transaction of $26,251.40. Following the transaction, the chief accounting officer now owns 14,572 shares of the company's stock, valued at approximately $642,916.64. This represents a 3.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Charles Roger Iv Wells sold 2,342 shares of the firm's 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 completion of the transaction, the chief operating officer now directly owns 95,928 shares in the company, valued at $4,232,343.36. The trade was a 2.38 % decrease in their ownership of the stock. 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 three months. 1.60% of the stock is currently owned by insiders.

Mercury Systems 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.