Royce & Associates LP Boosts Stock Holdings in Mercury Systems, Inc. (NASDAQ:MRCY)

Royce & Associates LP boosted its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 18.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 262,659 shares of the technology company's stock after acquiring an additional 41,380 shares during the period. Royce & Associates LP owned 0.44% of Mercury Systems worth $11,032,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new stake in Mercury Systems in the third quarter worth about $289,000. Oppenheimer & Co. Inc. boosted its stake in Mercury Systems by 6.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 39,528 shares of the technology company's stock worth $1,463,000 after purchasing an additional 2,530 shares in the last quarter. Natixis Advisors LLC grew its position in Mercury Systems by 18.1% during the 3rd quarter. Natixis Advisors LLC now owns 14,686 shares of the technology company's stock worth $543,000 after purchasing an additional 2,255 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Mercury Systems during the 3rd quarter worth approximately $2,831,000. Finally, Moors & Cabot Inc. acquired a new position in Mercury Systems during the 3rd quarter valued at approximately $279,000. 95.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Mercury Systems news, COO Charles Roger Iv Wells sold 2,342 shares of the firm'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 value of $103,329.04. Following the sale, the chief operating officer now directly owns 95,928 shares of the company's stock, valued at approximately $4,232,343.36. This trade represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Douglas Munro sold 595 shares of the business'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 sale, the chief accounting officer now owns 14,572 shares of the company's stock, valued at $642,916.64. This trade represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,314 shares of company stock worth $234,454 in the last ninety days. Company insiders own 1.60% of the company's stock.

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Wall Street Analyst Weigh In

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

Mercury Systems Stock Performance

Mercury Systems stock traded down $1.17 during mid-day trading on Friday, hitting $45.29. The company had a trading volume of 1,019,113 shares, compared to its average volume of 533,937. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of -29.03 and a beta of 0.80. Mercury Systems, Inc. has a 12-month low of $26.48 and a 12-month high of $52.25. The company's fifty day moving average is $43.78 and its 200-day moving average is $40.16. The company has a current ratio of 3.62, a quick ratio of 2.36 and a debt-to-equity ratio of 0.41.

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

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.