Natixis Takes $226,000 Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Natixis bought a new stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,380 shares of the technology company's stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Sterling Capital Management LLC lifted its position in Mercury Systems by 762.6% during the fourth quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company's stock valued at $69,000 after purchasing an additional 1,449 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Mercury Systems during the 4th quarter valued at about $75,000. KBC Group NV lifted its holdings in shares of Mercury Systems by 49.4% in the 4th quarter. KBC Group NV now owns 2,496 shares of the technology company's stock valued at $105,000 after acquiring an additional 825 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in Mercury Systems by 52.5% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,502 shares of the technology company's stock worth $189,000 after acquiring an additional 1,549 shares in the last quarter. Finally, Cibc World Markets Corp bought a new stake in Mercury Systems during the fourth quarter worth approximately $204,000. 95.99% of the stock is owned by hedge funds and other institutional investors.

Mercury Systems Trading Down 0.0 %

Mercury Systems stock traded down $0.02 during trading hours on Monday, hitting $49.73. The company had a trading volume of 306,694 shares, compared to its average volume of 580,344. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.36 and a current ratio of 3.62. The firm has a market cap of $2.97 billion, a P/E ratio of -31.88 and a beta of 0.86. The company has a 50-day moving average price of $44.96 and a two-hundred day moving average price of $41.92. Mercury Systems, Inc. has a 1 year low of $26.48 and a 1 year high of $52.25.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. The Goldman Sachs Group lifted their target price on Mercury Systems from $25.00 to $28.00 and gave the stock a "sell" rating in a report on Thursday, January 16th. Baird R W upgraded shares of Mercury Systems from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Robert W. Baird upgraded shares of 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 report on Wednesday, February 5th. Finally, Truist Financial upgraded shares of Mercury Systems from a "hold" rating to a "buy" rating and upped their price target for the company from $49.00 to $56.00 in a report on Thursday, March 13th. One equities research 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 company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $43.86.

Insider Activity at Mercury Systems

In other news, EVP Stuart Kupinsky sold 2,377 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $104,873.24. Following the completion of the sale, the executive vice president now owns 62,834 shares in the company, valued at approximately $2,772,236.08. The trade was a 3.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Douglas Munro sold 595 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 14,572 shares of the company's stock, valued at $642,916.64. The trade was a 3.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,314 shares of company stock worth $234,454 over the last three months. 1.60% of the stock is owned by corporate insiders.

Mercury Systems Company 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.