Mercury Systems, Inc. (NASDAQ:MRCY) Shares Bought by First Trust Advisors LP

First Trust Advisors LP raised its position in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 50.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 988,936 shares of the technology company's stock after acquiring an additional 333,109 shares during the period. First Trust Advisors LP owned approximately 1.66% of Mercury Systems worth $41,535,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC boosted its position in shares of Mercury Systems by 762.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company's stock worth $69,000 after purchasing an additional 1,449 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Mercury Systems by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 245,880 shares of the technology company's stock worth $10,327,000 after acquiring an additional 7,512 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Mercury Systems by 16.7% in the fourth quarter. Victory Capital Management Inc. now owns 2,060,131 shares of the technology company's stock worth $86,526,000 after acquiring an additional 294,747 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Mercury Systems by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 5,550,610 shares of the technology company's stock worth $233,126,000 after acquiring an additional 41,324 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Mercury Systems by 35.1% during the fourth quarter. Van ECK Associates Corp now owns 297,109 shares of the technology company's stock valued at $12,479,000 after acquiring an additional 77,254 shares in the last quarter. 95.99% of the stock is owned by hedge funds and other institutional investors.

Mercury Systems Stock Performance

Shares of Mercury Systems stock traded down $0.08 during trading on Friday, hitting $49.75. 401,517 shares of the company's stock were exchanged, compared to its average volume of 581,443. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of -31.89 and a beta of 0.86. The business has a 50-day simple moving average of $44.96 and a 200-day simple moving average of $41.88. Mercury Systems, Inc. has a 52-week low of $26.48 and a 52-week high of $52.25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.36 and a current ratio of 3.62.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share 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, research analysts forecast that Mercury Systems, Inc. will post -0.08 EPS for the current year.

Insider Activity at Mercury Systems

In related news, CAO Douglas Munro sold 595 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $26,251.40. Following the sale, the chief accounting officer now owns 14,572 shares in the company, valued at approximately $642,916.64. This trade represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 completion of 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. Over the last ninety days, insiders sold 5,314 shares of company stock worth $234,454. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.