Russell Investments Group Ltd. Boosts Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Russell Investments Group Ltd. increased its holdings in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 156,480.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,658 shares of the technology company's stock after acquiring an additional 15,648 shares during the quarter. Russell Investments Group Ltd.'s holdings in Mercury Systems were worth $658,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Mercury Systems in the 4th quarter worth $75,000. KBC Group NV raised its stake in Mercury Systems by 49.4% in the fourth quarter. KBC Group NV now owns 2,496 shares of the technology company's stock worth $105,000 after buying an additional 825 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings 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 buying an additional 1,549 shares during the period. Cibc World Markets Corp bought a new stake in Mercury Systems during the 4th quarter valued at approximately $204,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Mercury Systems during the 4th quarter worth approximately $225,000. Hedge funds and other institutional investors own 95.99% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on MRCY shares. Baird R W upgraded Mercury Systems from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. The Goldman Sachs Group raised 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. Robert W. Baird upgraded shares of Mercury Systems from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $37.00 to $58.00 in a research note on Wednesday, February 5th. Finally, 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. 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $43.86.

Insider Buying and Selling at Mercury Systems

In related news, EVP Stuart Kupinsky sold 2,377 shares of Mercury Systems 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 $104,873.24. Following the sale, the executive vice president now owns 62,834 shares of the company's stock, valued at approximately $2,772,236.08. This trade represents a 3.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Charles Roger Iv Wells sold 2,342 shares of the business'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 completion of the transaction, the chief operating officer now directly owns 95,928 shares in the company, valued at approximately $4,232,343.36. This represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,314 shares of company stock valued at $234,454 over the last ninety days. 1.60% of the stock is currently owned by company insiders.

Mercury Systems Trading Up 1.5 %

Shares of NASDAQ:MRCY opened at $47.96 on Wednesday. The stock has a 50 day moving average of $44.67 and a 200 day moving average of $41.61. The company has a market cap of $2.86 billion, a PE ratio of -30.74 and a beta of 0.86. Mercury Systems, Inc. has a 12-month low of $26.48 and a 12-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.

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

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.

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