Trexquant Investment LP Decreases Stock Holdings in Mercury Systems, Inc. (NASDAQ:MRCY)

Trexquant Investment LP lowered its stake in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 63.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,400 shares of the technology company's stock after selling 106,401 shares during the quarter. Trexquant Investment LP owned about 0.10% of Mercury Systems worth $2,537,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MRCY. Corient Private Wealth LLC increased its holdings in shares of Mercury Systems by 4.0% in the fourth quarter. Corient Private Wealth LLC now owns 6,858 shares of the technology company's stock worth $288,000 after purchasing an additional 266 shares during the last quarter. Ironwood Investment Management LLC raised its holdings in shares of Mercury Systems by 0.7% during the 4th quarter. Ironwood Investment Management LLC now owns 40,994 shares of the technology company's stock worth $1,722,000 after acquiring an additional 300 shares in the last quarter. Johnson Investment Counsel Inc. boosted its position in shares of Mercury Systems by 9.1% during the 4th quarter. Johnson Investment Counsel Inc. now owns 6,641 shares of the technology company's stock valued at $279,000 after acquiring an additional 555 shares during the last quarter. KBC Group NV grew its holdings in shares of 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 purchasing an additional 825 shares in the last quarter. Finally, FMR LLC increased its position in Mercury Systems by 46.5% in the third quarter. FMR LLC now owns 3,067 shares of the technology company's stock worth $113,000 after purchasing an additional 974 shares during the last quarter. Institutional investors own 95.99% of the company's stock.

Mercury Systems Trading Up 3.2 %

Shares of MRCY stock traded up $1.43 on Friday, reaching $46.18. 713,073 shares of the company's stock were exchanged, compared to its average volume of 573,175. The company's fifty day simple moving average is $44.55 and its 200 day simple moving average is $41.11. Mercury Systems, Inc. has a 52 week low of $26.48 and a 52 week 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 stock has a market capitalization of $2.76 billion, a PE ratio of -29.60 and a beta of 0.86.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last issued 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%. As a group, analysts forecast that Mercury Systems, Inc. will post -0.08 EPS for the current year.

Insider Transactions at Mercury Systems

In other news, CAO Douglas Munro sold 595 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 transaction of $26,251.40. Following the transaction, the chief accounting officer now owns 14,572 shares of the company's stock, valued at approximately $642,916.64. This represents a 3.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Charles Roger Iv Wells sold 2,342 shares of Mercury Systems stock in a transaction dated Tuesday, February 18th. The shares were 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 owns 95,928 shares of the company's stock, valued at $4,232,343.36. The trade was a 2.38 % 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 valued at $234,454. 1.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on MRCY. Robert W. Baird upgraded shares of 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. The Goldman Sachs Group lifted their price target on Mercury Systems from $25.00 to $28.00 and gave the stock a "sell" rating in a research report on Thursday, January 16th. Baird R W raised Mercury Systems from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Finally, Truist Financial upgraded Mercury Systems from a "hold" rating to a "buy" rating and lifted their target price for the stock from $49.00 to $56.00 in a report on Thursday, March 13th. One investment 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $43.86.

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.