Vanguard Group Inc. Increases Holdings in Mercury Systems, Inc. (NASDAQ:MRCY)

Vanguard Group Inc. lifted its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,550,610 shares of the technology company's stock after buying an additional 41,324 shares during the period. Vanguard Group Inc. owned approximately 9.30% of Mercury Systems worth $233,126,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Mercury Systems during the 4th quarter valued at about $75,000. KBC Group NV boosted 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 valued at $105,000 after buying an additional 825 shares during the last quarter. FMR LLC increased its holdings in Mercury Systems by 46.5% in the 3rd quarter. FMR LLC now owns 3,067 shares of the technology company's stock worth $113,000 after buying an additional 974 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in Mercury Systems by 52.5% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,502 shares of the technology company's stock worth $189,000 after buying an additional 1,549 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new stake in Mercury Systems during the 4th quarter valued at approximately $204,000. 95.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Charles Roger Iv Wells sold 2,342 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 $103,329.04. Following the transaction, the chief operating officer now owns 95,928 shares in the company, valued at $4,232,343.36. This trade represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Stuart Kupinsky sold 2,377 shares of the business'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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,314 shares of company stock worth $234,454 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Mercury Systems Price Performance

MRCY stock traded up $0.14 during mid-day trading on Thursday, reaching $44.75. 491,210 shares of the company's stock were exchanged, compared to its average volume of 571,373. The company has a market cap of $2.67 billion, a price-to-earnings ratio of -28.69 and a beta of 0.86. Mercury Systems, Inc. has a 12-month low of $26.48 and a 12-month high of $52.25. The stock's 50 day moving average is $44.47 and its 200 day moving average is $41.04. 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 earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.04). Mercury Systems had a negative net margin of 10.23% and a negative return on equity of 2.03%. On average, research analysts expect that Mercury Systems, Inc. will post -0.08 EPS 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.