Snyder Capital Management L P Sells 78,696 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Snyder Capital Management L P trimmed its position in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,165,119 shares of the technology company's stock after selling 78,696 shares during the quarter. Snyder Capital Management L P owned approximately 1.95% of Mercury Systems worth $48,935,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Mercury Systems by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,550,610 shares of the technology company's stock valued at $233,126,000 after buying an additional 41,324 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Mercury Systems by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,202,124 shares of the technology company's stock valued at $92,490,000 after buying an additional 52,725 shares during the last quarter. Conestoga Capital Advisors LLC grew its stake in Mercury Systems by 55.9% in the 4th 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 last quarter. Victory Capital Management Inc. grew its position in shares of Mercury Systems by 16.7% during the 4th quarter. Victory Capital Management Inc. now owns 2,060,131 shares of the technology company's stock worth $86,526,000 after purchasing an additional 294,747 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Mercury Systems by 50.8% during the 4th quarter. First Trust Advisors LP now owns 988,936 shares of the technology company's stock worth $41,535,000 after purchasing an additional 333,109 shares in the last quarter. 95.99% of the stock is owned by institutional investors.

Insider Activity at Mercury Systems

In other news, CAO Douglas Munro sold 595 shares of the firm'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 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 trade represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Charles Roger Iv Wells sold 2,342 shares of the business's 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 sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 5,314 shares of company stock valued at $234,454 in the last quarter. Insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MRCY. The Goldman Sachs Group increased their target price on shares of Mercury Systems from $25.00 to $28.00 and gave the stock 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 target price for the stock from $37.00 to $58.00 in a research report on Wednesday, February 5th. Baird R W upgraded shares of Mercury Systems from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Finally, Truist Financial upgraded shares of Mercury Systems from a "hold" rating to a "buy" rating and increased their target price for the stock from $49.00 to $56.00 in a research report on Thursday, March 13th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $43.86.

Mercury Systems Price Performance

Shares of Mercury Systems stock traded down $0.02 on Monday, reaching $49.73. 306,694 shares of the stock were exchanged, compared to its average volume of 580,344. The firm's 50 day moving average is $44.96 and its 200-day moving average is $41.92. Mercury Systems, Inc. has a one year low of $26.48 and a one year high of $52.25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.36 and a current ratio of 3.62. The firm has a market cap of $2.97 billion, a PE ratio of -31.88 and a beta of 0.86.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last issued its quarterly earnings data 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 net margin of 10.23% and a negative return on equity of 2.03%. As a group, analysts anticipate that Mercury Systems, Inc. will post -0.08 EPS for the current fiscal 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.