Conestoga Capital Advisors LLC Has $49.18 Million Stake in Mercury Systems, Inc. (NASDAQ:MRCY)

Conestoga Capital Advisors LLC lifted its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,329,265 shares of the technology company's stock after acquiring an additional 20,300 shares during the period. Conestoga Capital Advisors LLC owned about 2.24% of Mercury Systems worth $49,183,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MRCY. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Mercury Systems during the first quarter worth $233,000. Van ECK Associates Corp lifted its holdings in Mercury Systems by 258.7% in the first quarter. Van ECK Associates Corp now owns 112,813 shares of the technology company's stock worth $3,328,000 after acquiring an additional 81,364 shares during the last quarter. Iridian Asset Management LLC CT acquired a new position in Mercury Systems in the first quarter valued at approximately $251,000. Texas Permanent School Fund Corp grew its holdings in shares of Mercury Systems by 1.1% during the first quarter. Texas Permanent School Fund Corp now owns 45,577 shares of the technology company's stock valued at $1,345,000 after purchasing an additional 514 shares during the last quarter. Finally, Staley Capital Advisers Inc. raised its position in shares of Mercury Systems by 37.6% during the 1st quarter. Staley Capital Advisers Inc. now owns 449,360 shares of the technology company's stock worth $13,256,000 after purchasing an additional 122,829 shares during the period. 95.99% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Stephanie Georges sold 1,340 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $39.49, for a total transaction of $52,916.60. Following the completion of the sale, the executive vice president now directly owns 32,259 shares in the company, valued at approximately $1,273,907.91. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Stephanie Georges sold 1,340 shares of the company's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $39.49, for a total transaction of $52,916.60. Following the completion of the sale, the executive vice president now directly owns 32,259 shares of the company's stock, valued at $1,273,907.91. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Charles Roger Iv Wells sold 1,346 shares of the 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 owns 130,408 shares of the company's stock, valued at $5,149,811.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,099 shares of company stock worth $865,740. Corporate insiders own 1.60% of the company's stock.

Mercury Systems Price Performance

MRCY traded up $0.83 during trading on Friday, reaching $33.18. The stock had a trading volume of 402,015 shares, compared to its average volume of 581,073. The stock has a 50 day moving average of $36.13 and a two-hundred day moving average of $32.91. The company has a quick ratio of 2.64, a current ratio of 4.07 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of -13.83 and a beta of 0.70. Mercury Systems, Inc. has a 1-year low of $25.31 and a 1-year high of $42.72.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced its earnings results on Tuesday, August 13th. The technology company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.32. The business had revenue of $248.56 million during the quarter, compared to analysts' expectations of $223.80 million. Mercury Systems had a negative return on equity of 4.92% and a negative net margin of 16.48%. As a group, equities analysts anticipate that Mercury Systems, Inc. will post -0.52 EPS for the current fiscal year.

Analyst Ratings Changes

MRCY has been the topic of several analyst reports. Royal Bank of Canada increased their target price on Mercury Systems from $30.00 to $35.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 14th. Alembic Global Advisors upgraded shares of Mercury Systems from a "neutral" rating to an "overweight" rating and set a $48.00 price objective on the stock in a research report on Monday, August 19th. Robert W. Baird upped their target price 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. Truist Financial lifted their price target on Mercury Systems from $26.00 to $31.00 and gave the company a "hold" rating in a report on Wednesday, August 14th. Finally, StockNews.com upgraded 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 assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $33.50.

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.