Mercury Systems, Inc. (NASDAQ:MRCY) Shares Purchased by Sei Investments Co.

Sei Investments Co. grew its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 10.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,186 shares of the technology company's stock after purchasing an additional 13,103 shares during the period. Sei Investments Co. owned approximately 0.24% of Mercury Systems worth $6,056,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Cibc World Markets Corp purchased a new stake in shares of Mercury Systems in the 4th quarter valued at about $204,000. Corient Private Wealth LLC lifted its stake in Mercury Systems by 4.0% in the fourth quarter. Corient Private Wealth LLC now owns 6,858 shares of the technology company's stock valued at $288,000 after buying an additional 266 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of Mercury Systems by 18.7% in the fourth quarter. Royce & Associates LP now owns 262,659 shares of the technology company's stock valued at $11,032,000 after acquiring an additional 41,380 shares during the period. Natixis Advisors LLC grew its position in shares of Mercury Systems by 10.8% during the fourth quarter. Natixis Advisors LLC now owns 16,275 shares of the technology company's stock worth $684,000 after acquiring an additional 1,589 shares during the last quarter. Finally, Ironwood Investment Management LLC grew its position in shares of Mercury Systems by 0.7% during the fourth quarter. Ironwood Investment Management LLC now owns 40,994 shares of the technology company's stock worth $1,722,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 95.99% of the company's stock.

Mercury Systems Price Performance

Shares of MRCY traded down $0.75 during mid-day trading on Friday, hitting $43.62. The company's stock had a trading volume of 1,451,429 shares, compared to its average volume of 562,976. 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, Inc. has a 1-year low of $26.48 and a 1-year high of $52.25. The firm has a market capitalization of $2.60 billion, a P/E ratio of -27.96 and a beta of 0.79. The firm has a 50-day simple moving average of $44.16 and a 200 day simple moving average of $40.79.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last released 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 net margin of 10.23% and a negative return on equity of 2.03%. Analysts predict that Mercury Systems, Inc. will post -0.08 EPS for the current fiscal year.

Insider Transactions at Mercury Systems

In other news, EVP Stuart Kupinsky sold 2,377 shares of the 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 $104,873.24. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $103,329.04. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold 5,314 shares of company stock valued at $234,454 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MRCY has been the subject of a number of recent research reports. Truist Financial upgraded shares of Mercury Systems from a "hold" rating to a "buy" rating and increased their price target for the stock from $49.00 to $56.00 in a research note on Thursday, March 13th. Robert W. Baird upgraded shares of Mercury Systems from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $37.00 to $58.00 in a research note on Wednesday, February 5th. Baird R W upgraded Mercury Systems from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group increased 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $43.86.

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.