Roubaix Capital LLC lessened its holdings in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 22.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 106,411 shares of the technology company's stock after selling 30,068 shares during the period. Mercury Systems accounts for approximately 2.2% of Roubaix Capital LLC's portfolio, making the stock its 23rd largest holding. Roubaix Capital LLC owned approximately 0.18% of Mercury Systems worth $3,937,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC increased its position in Mercury Systems by 144.0% during the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company's stock worth $25,000 after purchasing an additional 393 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Mercury Systems by 1,126.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company's stock valued at $31,000 after purchasing an additional 1,070 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Mercury Systems by 216.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company's stock valued at $64,000 after purchasing an additional 1,622 shares in the last quarter. nVerses Capital LLC purchased a new position in Mercury Systems in the 2nd quarter valued at about $81,000. Finally, Quest Partners LLC lifted its holdings in Mercury Systems by 10,995.5% in the 2nd quarter. Quest Partners LLC now owns 4,882 shares of the technology company's stock valued at $132,000 after purchasing an additional 4,838 shares in the last quarter. Hedge funds and other institutional investors own 95.99% of the company's stock.
Analyst Ratings Changes
A number of research firms have issued reports on MRCY. Truist Financial upped their target price on shares of Mercury Systems from $26.00 to $31.00 and gave the company a "hold" rating in a report on Wednesday, August 14th. JPMorgan Chase & Co. upped their price target on shares of Mercury Systems from $26.00 to $36.00 and gave the stock a "neutral" rating in a research report on Thursday, September 5th. Robert W. Baird upped their price target on shares of Mercury Systems from $26.00 to $37.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 14th. Alembic Global Advisors raised shares of Mercury Systems from a "neutral" rating to an "overweight" rating and set a $48.00 price target for the company in a research report on Monday, August 19th. Finally, StockNews.com raised shares of Mercury Systems from a "sell" rating to a "hold" rating in a research report on Saturday, October 5th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $33.50.
View Our Latest Stock Report on Mercury Systems
Mercury Systems Trading Down 3.1 %
MRCY traded down $1.02 during trading on Thursday, hitting $32.35. 363,581 shares of the company's stock were exchanged, compared to its average volume of 582,266. The company has a current ratio of 4.07, a quick ratio of 2.64 and a debt-to-equity ratio of 0.40. Mercury Systems, Inc. has a 1 year low of $25.31 and a 1 year high of $42.72. The stock has a 50 day moving average price of $36.22 and a 200 day moving average price of $32.91. The firm has a market cap of $1.92 billion, a P/E ratio of -14.20 and a beta of 0.70.
Mercury Systems (NASDAQ:MRCY - Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.32. Mercury Systems had a negative net margin of 16.48% and a negative return on equity of 4.92%. The company had revenue of $248.56 million during the quarter, compared to the consensus estimate of $223.80 million. As a group, analysts expect that Mercury Systems, Inc. will post -0.52 EPS for the current fiscal year.
Insiders Place Their Bets
In other Mercury Systems news, Director Jana Partners Management, Lp acquired 13,600 shares of the firm's stock in a transaction on Tuesday, August 27th. The stock was bought at an average cost of $37.25 per share, for a total transaction of $506,600.00. Following the completion of the purchase, the director now directly owns 6,944,633 shares in the company, valued at $258,687,579.25. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, COO Charles Roger Iv Wells sold 1,346 shares of the company's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $39.49, for a total value of $53,153.54. Following the completion of the transaction, the chief operating officer now directly owns 130,408 shares in the company, valued at approximately $5,149,811.92. This represents a 0.00 % 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 this link. Also, Director Jana Partners Management, Lp bought 13,600 shares of the firm's stock in a transaction dated Tuesday, August 27th. The stock was purchased at an average price of $37.25 per share, with a total value of $506,600.00. Following the completion of the purchase, the director now directly owns 6,944,633 shares of the company's stock, valued at approximately $258,687,579.25. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 22,099 shares of company stock worth $865,740 over the last ninety days. 1.80% of the stock is owned by company insiders.
Mercury Systems Profile
(
Free Report)
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.
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