Van ECK Associates Corp Boosts Stake in Mercury Systems, Inc. (NASDAQ:MRCY)

Van ECK Associates Corp boosted its position in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 35.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 297,109 shares of the technology company's stock after acquiring an additional 77,254 shares during the period. Van ECK Associates Corp owned 0.50% of Mercury Systems worth $12,479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Creative Planning boosted its position in Mercury Systems by 22.8% in the third quarter. Creative Planning now owns 9,788 shares of the technology company's stock worth $362,000 after purchasing an additional 1,818 shares during the last quarter. nVerses Capital LLC increased its stake in Mercury Systems by 16.7% in the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the technology company's stock worth $130,000 after acquiring an additional 500 shares during the last quarter. Raymond James & Associates increased its stake in Mercury Systems by 40.0% in the 3rd quarter. Raymond James & Associates now owns 93,454 shares of the technology company's stock worth $3,458,000 after acquiring an additional 26,718 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Mercury Systems by 144.0% in the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company's stock worth $25,000 after purchasing an additional 393 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of Mercury Systems by 13.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,826 shares of the technology company's stock worth $217,000 after purchasing an additional 695 shares in the last quarter. Institutional investors own 95.99% of the company's stock.

Mercury Systems Price Performance

Shares of MRCY stock traded down $0.64 during mid-day trading on Wednesday, hitting $44.00. 507,276 shares of the stock were exchanged, compared to its average volume of 535,004. The company has a market cap of $2.63 billion, a PE ratio of -28.21 and a beta of 0.79. Mercury Systems, Inc. has a 52-week low of $26.48 and a 52-week high of $52.25. The firm has a fifty day moving average of $42.25 and a 200 day moving average of $39.02. The company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last released its quarterly earnings data 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%. Research analysts anticipate that Mercury Systems, Inc. will post -0.08 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Robert W. Baird upgraded Mercury Systems from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $37.00 to $58.00 in a report on Wednesday, February 5th. JPMorgan Chase & Co. increased their target price on Mercury Systems from $36.00 to $40.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Baird R W upgraded Mercury Systems from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Jefferies Financial Group upgraded Mercury Systems from an "underperform" rating to a "hold" rating and lifted their target price for the company from $30.00 to $42.00 in a research report on Monday, November 11th. Finally, StockNews.com upgraded Mercury Systems from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $42.14.

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.