WCM Investment Management LLC Sells 8,339 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

WCM Investment Management LLC reduced its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 441,792 shares of the technology company's stock after selling 8,339 shares during the quarter. WCM Investment Management LLC owned 0.74% of Mercury Systems worth $18,555,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Signaturefd LLC raised its position in shares of Mercury Systems by 144.0% during the third quarter. Signaturefd LLC now owns 666 shares of the technology company's stock worth $25,000 after purchasing an additional 393 shares during the period. nVerses Capital LLC grew its stake in Mercury Systems by 16.7% in the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the technology company's stock valued at $130,000 after buying an additional 500 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Mercury Systems by 43.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company's stock valued at $62,000 after purchasing an additional 503 shares during the period. Covestor Ltd grew its stake in shares of Mercury Systems by 41.2% in the third quarter. Covestor Ltd now owns 2,124 shares of the technology company's stock valued at $78,000 after acquiring an additional 620 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Mercury Systems by 13.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 5,826 shares of the technology company's stock valued at $217,000 after buying an additional 695 shares during the period. 95.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MRCY has been the subject of several research analyst reports. Baird R W upgraded shares of Mercury Systems from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. lifted their price objective on shares of Mercury Systems from $36.00 to $40.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Robert W. Baird raised shares of 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 research report on Wednesday, February 5th. The Goldman Sachs Group lifted their target price on shares of Mercury Systems from $25.00 to $28.00 and gave the stock a "sell" rating in a research report on Thursday, January 16th. Finally, Truist Financial boosted 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $42.14.

Mercury Systems Stock Down 2.1 %

MRCY traded down $0.99 on Wednesday, hitting $45.77. The company had a trading volume of 532,467 shares, compared to its average volume of 539,227. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of -29.34 and a beta of 0.79. Mercury Systems, Inc. has a 12-month low of $26.48 and a 12-month high of $52.25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 3.62. The stock has a fifty day moving average price of $41.73 and a 200-day moving average price of $38.73.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last issued its quarterly earnings data 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%. Analysts predict that Mercury Systems, Inc. will post -0.14 EPS for the current fiscal year.

Insider Transactions at Mercury Systems

In other Mercury Systems news, COO Charles Roger Iv Wells sold 1,527 shares of Mercury Systems stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $38.80, for a total value of $59,247.60. Following the transaction, the chief operating officer now directly owns 113,488 shares in the company, valued at approximately $4,403,334.40. This trade represents a 1.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company's stock.

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.