Legal & General Group Plc Has $6.88 Million Stock Holdings in Mercury Systems, Inc. (NASDAQ:MRCY)

Legal & General Group Plc cut its holdings in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 163,905 shares of the technology company's stock after selling 8,015 shares during the quarter. Legal & General Group Plc owned about 0.27% of Mercury Systems worth $6,884,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC lifted its stake 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 purchasing an additional 974 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of Mercury Systems in the third quarter worth about $246,000. Barclays PLC boosted its stake in shares of Mercury Systems by 471.3% during the 3rd quarter. Barclays PLC now owns 175,562 shares of the technology company's stock worth $6,496,000 after acquiring an additional 144,831 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Mercury Systems by 3.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 46,220 shares of the technology company's stock valued at $1,710,000 after acquiring an additional 1,731 shares during the last quarter. Finally, Bouvel Investment Partners LLC bought a new position in shares of Mercury Systems in the 4th quarter valued at approximately $1,307,000. 95.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on MRCY. The Goldman Sachs Group upped their price target on shares of Mercury Systems from $25.00 to $28.00 and gave the company a "sell" rating in a report on Thursday, January 16th. Baird R W raised Mercury Systems from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Robert W. Baird raised Mercury Systems from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $37.00 to $58.00 in a research report on Wednesday, February 5th. Finally, Truist Financial raised shares of Mercury Systems from a "hold" rating to a "buy" rating and increased their price target for the company from $49.00 to $56.00 in a report on Thursday, March 13th. 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 given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $43.86.

Insider Transactions at Mercury Systems

In related news, EVP Stuart Kupinsky sold 2,377 shares of Mercury Systems stock in a transaction dated 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 directly owns 62,834 shares in the company, valued at $2,772,236.08. This trade represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Douglas Munro sold 595 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 $26,251.40. Following the sale, the chief accounting officer now directly owns 14,572 shares of the company's stock, valued at $642,916.64. This represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,314 shares of company stock worth $234,454. Corporate insiders own 1.60% of the company's stock.

Mercury Systems Price Performance

Shares of Mercury Systems stock traded up $1.02 during mid-day trading on Thursday, reaching $49.08. 75,335 shares of the stock were exchanged, compared to its average volume of 578,561. Mercury Systems, Inc. has a fifty-two week low of $26.48 and a fifty-two week high of $52.25. The company has a market cap of $2.93 billion, a price-to-earnings ratio of -31.42 and a beta of 0.86. The firm has a 50-day simple moving average of $44.75 and a 200 day simple moving average of $41.66. The company has a current ratio of 3.62, a quick ratio of 2.36 and a debt-to-equity ratio of 0.41.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last posted 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, sell-side analysts predict that Mercury Systems, Inc. will post -0.08 EPS for the current fiscal year.

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.