Staley Capital Advisers Inc. Sells 6,790 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Staley Capital Advisers Inc. trimmed its holdings in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 488,080 shares of the technology company's stock after selling 6,790 shares during the quarter. Mercury Systems accounts for about 0.9% of Staley Capital Advisers Inc.'s portfolio, making the stock its 28th biggest holding. Staley Capital Advisers Inc. owned 0.82% of Mercury Systems worth $20,499,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Johnson Investment Counsel Inc. lifted its position in shares of Mercury Systems by 9.1% during the 4th quarter. Johnson Investment Counsel Inc. now owns 6,641 shares of the technology company's stock worth $279,000 after purchasing an additional 555 shares during the last quarter. Covestor Ltd grew its holdings in Mercury Systems by 41.2% during the third quarter. Covestor Ltd now owns 2,124 shares of the technology company's stock valued at $78,000 after purchasing an additional 620 shares during the period. KBC Group NV lifted 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 valued at $105,000 after buying an additional 825 shares in the last quarter. King Luther Capital Management Corp grew its stake in shares of Mercury Systems by 0.8% during the 3rd quarter. King Luther Capital Management Corp now owns 109,045 shares of the technology company's stock worth $4,035,000 after acquiring an additional 868 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Mercury Systems by 46.5% during the 3rd quarter. FMR LLC now owns 3,067 shares of the technology company's stock worth $113,000 after purchasing an additional 974 shares in the last quarter. 95.99% of the stock is owned by hedge funds and other institutional investors.

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Mercury Systems Stock Up 3.2 %

Shares of MRCY traded up $1.44 during mid-day trading on Friday, hitting $46.52. The company's stock had a trading volume of 624,215 shares, compared to its average volume of 535,467. Mercury Systems, Inc. has a 52-week low of $26.48 and a 52-week high of $52.25. The company's 50-day moving average is $43.46 and its 200-day moving average is $39.86. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of -29.82 and a beta of 0.80. 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 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%. On average, equities research analysts forecast that Mercury Systems, Inc. will post -0.08 EPS for the current fiscal year.

Analyst Ratings Changes

MRCY has been the topic of a number of recent research reports. Truist Financial upgraded 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 note on Thursday. StockNews.com raised Mercury Systems from a "sell" rating to a "hold" rating in a research note on Thursday, December 5th. The Goldman Sachs Group boosted 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. Baird R W upgraded shares of Mercury Systems from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Finally, Robert W. Baird raised shares of Mercury Systems from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $37.00 to $58.00 in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $43.86.

Insider Activity

In related news, CAO Douglas Munro sold 595 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total transaction of $26,251.40. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Stuart Kupinsky sold 2,377 shares of the business'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 $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 ownership of the stock. 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 90 days. Company insiders own 1.60% of the company's stock.

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.