Y Intercept Hong Kong Ltd Increases Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Y Intercept Hong Kong Ltd grew its stake in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 108.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,336 shares of the technology company's stock after acquiring an additional 6,426 shares during the period. Y Intercept Hong Kong Ltd's holdings in Mercury Systems were worth $518,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in shares of Mercury Systems by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company's stock valued at $62,000 after acquiring an additional 503 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Mercury Systems by 41.2% in the 3rd quarter. Covestor Ltd now owns 2,124 shares of the technology company's stock valued at $78,000 after buying an additional 620 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Mercury Systems by 13.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,826 shares of the technology company's stock worth $217,000 after buying an additional 695 shares during the last quarter. KBC Group NV raised its stake in shares of Mercury Systems by 49.4% during the 4th 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. Finally, King Luther Capital Management Corp boosted its stake in Mercury Systems by 0.8% in the third quarter. King Luther Capital Management Corp now owns 109,045 shares of the technology company's stock valued at $4,035,000 after acquiring an additional 868 shares in the last quarter. 95.99% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In other news, CAO Douglas Munro sold 595 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 $26,251.40. Following the sale, the chief accounting officer now owns 14,572 shares in the company, valued at $642,916.64. This trade represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Charles Roger Iv Wells sold 2,342 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was 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 of the company's stock, valued at approximately $4,232,343.36. This trade represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,314 shares of company stock worth $234,454 in the last ninety days. Company insiders own 1.60% of the company's stock.

Mercury Systems Stock Performance

Shares of MRCY stock traded up $0.69 during trading hours on Wednesday, hitting $43.97. The company's stock had a trading volume of 463,941 shares, compared to its average volume of 531,953. The stock has a market cap of $2.62 billion, a PE ratio of -28.19 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 50 day moving average of $43.29 and a 200 day moving average of $39.65. 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 released its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.08) EPS 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%. On average, sell-side analysts forecast that Mercury Systems, Inc. will post -0.08 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MRCY. JPMorgan Chase & Co. upped their price target on Mercury Systems from $36.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Truist Financial increased their price target on Mercury Systems from $35.00 to $44.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. Baird R W upgraded Mercury Systems from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Jefferies Financial Group raised shares of Mercury Systems from an "underperform" rating to a "hold" rating and increased their price objective for the company from $30.00 to $42.00 in a research report on Monday, November 11th. Finally, StockNews.com upgraded shares of Mercury Systems from a "sell" rating to a "hold" rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $42.14.

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.