Peak6 LLC Acquires Shares of 29,015 Mercury Systems, Inc. (NASDAQ:MRCY)

PEAK6 LLC purchased a new stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 29,015 shares of the technology company's stock, valued at approximately $1,219,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC raised its stake in shares of Mercury Systems by 46.5% during the third quarter. FMR LLC now owns 3,067 shares of the technology company's stock worth $113,000 after acquiring an additional 974 shares in the last quarter. Stifel Financial Corp bought a new position in shares of Mercury Systems during the third quarter valued at about $246,000. Barclays PLC lifted its stake in shares of Mercury Systems by 471.3% in the 3rd quarter. Barclays PLC now owns 175,562 shares of the technology company's stock valued at $6,496,000 after acquiring an additional 144,831 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Mercury Systems by 3.9% in the third quarter. JPMorgan Chase & Co. now owns 46,220 shares of the technology company's stock valued at $1,710,000 after purchasing an additional 1,731 shares during the last quarter. Finally, Bouvel Investment Partners LLC purchased a new position in Mercury Systems during the 4th quarter valued at about $1,307,000. Hedge funds and other institutional investors own 95.99% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, CAO Douglas Munro sold 595 shares of the company'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 of the company's stock, valued at $642,916.64. This represents a 3.92 % decrease in their ownership of the stock. The transaction 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 Mercury Systems stock in a transaction on 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 directly owns 95,928 shares of the company's stock, valued at $4,232,343.36. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,314 shares of company stock worth $234,454. 1.60% of the stock is currently owned by insiders.

Mercury Systems Price Performance

NASDAQ MRCY traded up $1.77 on Thursday, reaching $49.83. The company had a trading volume of 460,325 shares, compared to its average volume of 580,074. The firm's 50 day moving average price is $44.75 and its 200 day moving average price is $41.66. Mercury Systems, Inc. has a 12 month low of $26.48 and a 12 month high of $52.25. The stock has a market capitalization of $2.97 billion, a PE ratio of -31.94 and a beta of 0.86. The company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last posted its earnings results on Tuesday, February 4th. The technology company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates 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%. As a group, equities analysts predict that Mercury Systems, Inc. will post -0.08 earnings per share for the current year.

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.