KLP Kapitalforvaltning AS Acquires New Shares in Mercury Systems, Inc. (NASDAQ:MRCY)

KLP Kapitalforvaltning AS bought a new position in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 12,000 shares of the technology company's stock, valued at approximately $504,000.

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

Analyst Ratings Changes

MRCY has been the topic of several recent analyst reports. Robert W. Baird raised Mercury Systems from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $37.00 to $58.00 in a report on Wednesday, February 5th. Baird R W upgraded Mercury Systems from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. The Goldman Sachs Group raised 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. Finally, Truist Financial upgraded shares of Mercury Systems from a "hold" rating to a "buy" rating and upped their price target for the stock from $49.00 to $56.00 in a research report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $43.86.

Mercury Systems Trading Up 3.5 %

Shares of MRCY stock traded up $1.44 on Tuesday, reaching $42.96. 761,168 shares of the stock were exchanged, compared to its average volume of 566,765. The stock has a 50 day moving average price of $44.27 and a 200 day moving average price of $40.90. The stock has a market cap of $2.56 billion, a PE ratio of -27.54 and a beta of 0.86. Mercury Systems, Inc. has a one year low of $26.48 and a one year high of $52.25. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.36.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced its quarterly earnings data 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%. Equities research analysts forecast that Mercury Systems, Inc. will post -0.08 EPS for the current fiscal year.

Insider Buying and Selling at Mercury Systems

In other Mercury Systems news, COO Charles Roger Iv Wells sold 2,342 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total transaction of $103,329.04. Following the transaction, the chief operating officer now owns 95,928 shares in the company, valued at approximately $4,232,343.36. This trade represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the sale, the chief accounting officer now directly owns 14,572 shares of the company's stock, valued at approximately $642,916.64. This trade represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,314 shares of company stock valued at $234,454. 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.