LPL Financial LLC Increases Position in Mercury Systems, Inc. (NASDAQ:MRCY)

LPL Financial LLC lifted its holdings in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 11.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,746 shares of the technology company's stock after purchasing an additional 5,388 shares during the quarter. LPL Financial LLC owned about 0.09% of Mercury Systems worth $2,261,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. FMR LLC increased its position in shares of 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. Quantinno Capital Management LP increased its holdings in shares of Mercury Systems by 15.4% in the third quarter. Quantinno Capital Management LP now owns 11,096 shares of the technology company's stock valued at $411,000 after purchasing an additional 1,478 shares during the period. Stifel Financial Corp purchased a new position in shares of Mercury Systems in the third quarter worth about $246,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Mercury Systems during the third quarter worth about $219,000. Finally, Barclays PLC boosted its position in Mercury Systems by 471.3% in the third quarter. Barclays PLC now owns 175,562 shares of the technology company's stock valued at $6,496,000 after buying an additional 144,831 shares during the last quarter. Hedge funds and other institutional investors own 95.99% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MRCY. 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. 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 report on Thursday, January 16th. Robert W. Baird raised Mercury Systems from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $37.00 to $58.00 in a research report on Wednesday, February 5th. Finally, Truist Financial raised Mercury Systems from a "hold" rating to a "buy" rating and boosted their price objective for the company from $49.00 to $56.00 in a report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $43.86.

Insider Buying and Selling

In other news, COO Charles Roger Iv Wells sold 2,342 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $103,329.04. Following the completion of the sale, the chief operating officer now directly owns 95,928 shares of the company's stock, valued at approximately $4,232,343.36. The trade was a 2.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stuart Kupinsky sold 2,377 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 in the company, valued at $2,772,236.08. This represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,314 shares of company stock valued at $234,454. Company insiders own 1.60% of the company's stock.

Mercury Systems Trading Up 0.5 %

MRCY stock traded up $0.25 during trading on Friday, reaching $47.96. 933,657 shares of the stock were exchanged, compared to its average volume of 577,723. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of -30.74 and a beta of 0.86. Mercury Systems, Inc. has a 1 year low of $26.48 and a 1 year high of $52.25. 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 business has a 50 day moving average price of $44.57 and a 200-day moving average price of $41.37.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last released its quarterly 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%. On average, research analysts predict that Mercury Systems, Inc. will post -0.08 earnings per share for the current year.

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.