Quantbot Technologies LP Has $340,000 Stock Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Quantbot Technologies LP lowered its stake in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 64.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,091 shares of the technology company's stock after selling 14,873 shares during the quarter. Quantbot Technologies LP's holdings in Mercury Systems were worth $340,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Conestoga Capital Advisors LLC raised its position in Mercury Systems by 55.9% during the fourth quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company's stock valued at $87,058,000 after buying an additional 743,552 shares during the period. Fisher Asset Management LLC acquired a new stake in Mercury Systems in the 4th quarter worth approximately $16,601,000. Victory Capital Management Inc. lifted its stake in shares of 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 buying an additional 294,747 shares during the last quarter. Barclays PLC lifted its position in Mercury Systems by 471.3% during the 3rd quarter. Barclays PLC now owns 175,562 shares of the technology company's stock worth $6,496,000 after acquiring an additional 144,831 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Mercury Systems during the 4th quarter valued at approximately $4,258,000. Institutional investors and hedge funds own 95.99% of the company's stock.

Mercury Systems Trading Up 3.7 %

Shares of MRCY stock traded up $1.63 on Wednesday, hitting $45.12. The stock had a trading volume of 504,746 shares, compared to its average volume of 555,270. The firm has a market cap of $2.69 billion, a P/E ratio of -28.92 and a beta of 0.79. Mercury Systems, Inc. has a twelve month low of $26.48 and a twelve month high of $52.25. The company has a current ratio of 3.62, a quick ratio of 2.36 and a debt-to-equity ratio of 0.41. The company has a fifty day moving average price of $44.11 and a two-hundred day moving average price of $40.67.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, EVP Stuart Kupinsky sold 2,377 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $104,873.24. Following the completion of the transaction, the executive vice president now directly owns 62,834 shares in the company, valued at $2,772,236.08. This represents a 3.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Douglas Munro sold 595 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $26,251.40. Following the completion of the transaction, the chief accounting officer now owns 14,572 shares of the company's stock, valued at approximately $642,916.64. This represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,314 shares of company stock worth $234,454. 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.