Marshall Wace LLP Lowers Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Marshall Wace LLP trimmed its holdings in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 28.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 296,908 shares of the technology company's stock after selling 119,334 shares during the quarter. Marshall Wace LLP owned about 0.50% of Mercury Systems worth $12,470,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MRCY. Sterling Capital Management LLC increased its position in shares of Mercury Systems by 762.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company's stock worth $69,000 after purchasing an additional 1,449 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Mercury Systems during the 4th quarter worth $75,000. KBC Group NV grew its position in Mercury Systems by 49.4% in the fourth quarter. KBC Group NV now owns 2,496 shares of the technology company's stock worth $105,000 after acquiring an additional 825 shares in the last quarter. FMR LLC increased its stake in Mercury Systems by 46.5% in the third 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. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in Mercury Systems by 52.5% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,502 shares of the technology company's stock worth $189,000 after purchasing an additional 1,549 shares during the last quarter. 95.99% of the stock is currently owned by institutional investors.

Mercury Systems Stock Performance

MRCY stock traded down $0.08 during trading on Friday, reaching $49.75. The stock had a trading volume of 401,517 shares, compared to its average volume of 580,531. The firm has a market cap of $2.97 billion, a PE ratio of -31.89 and a beta of 0.86. 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 stock's 50 day moving average is $44.96 and its two-hundred day moving average is $41.84. Mercury Systems, Inc. has a 52 week low of $26.48 and a 52 week high of $52.25.

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 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%. As a group, equities analysts anticipate that Mercury Systems, Inc. will post -0.08 earnings per share for the current year.

Insider Buying and Selling at Mercury Systems

In related news, COO Charles Roger Iv Wells sold 2,342 shares of Mercury Systems stock in a transaction on Tuesday, February 18th. The shares were 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. The trade was a 2.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stuart Kupinsky sold 2,377 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 value of $104,873.24. Following the completion of the sale, the executive vice president now owns 62,834 shares of the company's stock, valued at $2,772,236.08. The trade was a 3.65 % decrease in their position. The disclosure for this sale can be found here. Over 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.

Analysts Set New Price Targets

A number of research firms recently weighed in on MRCY. Truist Financial upgraded Mercury Systems from a "hold" rating to a "buy" rating and boosted their target price for the stock from $49.00 to $56.00 in a research report on Thursday, March 13th. 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 increased their price objective on Mercury Systems from $25.00 to $28.00 and gave the stock a "sell" rating in a report on Thursday, January 16th. Finally, Robert W. Baird upgraded Mercury Systems from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $37.00 to $58.00 in a research note on Wednesday, February 5th. One 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $43.86.

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.