Victory Capital Management Inc. Boosts Holdings in Mercury Systems, Inc. (NASDAQ:MRCY)

Victory Capital Management Inc. raised its position in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 16.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,060,131 shares of the technology company's stock after buying an additional 294,747 shares during the period. Victory Capital Management Inc. owned about 3.45% of Mercury Systems worth $86,526,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of Mercury Systems by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 245,880 shares of the technology company's stock valued at $10,327,000 after purchasing an additional 7,512 shares in the last quarter. Van ECK Associates Corp grew its holdings in Mercury Systems by 35.1% in the fourth quarter. Van ECK Associates Corp now owns 297,109 shares of the technology company's stock valued at $12,479,000 after purchasing an additional 77,254 shares during the period. FMR LLC increased its position in shares of Mercury Systems by 46.5% in the third quarter. FMR LLC now owns 3,067 shares of the technology company's stock valued at $113,000 after buying an additional 974 shares in the last quarter. Fisher Asset Management LLC acquired a new position in shares of Mercury Systems during the 4th quarter worth approximately $16,601,000. Finally, PEAK6 Investments LLC purchased a new position in shares of Mercury Systems during the 3rd quarter valued at approximately $686,000. Institutional investors and hedge funds own 95.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. StockNews.com upgraded shares of Mercury Systems from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. Jefferies Financial Group raised shares of Mercury Systems from an "underperform" rating to a "hold" rating and raised their price target for the company from $30.00 to $42.00 in a research note on Monday, November 11th. Robert W. Baird upgraded Mercury Systems from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $37.00 to $58.00 in a research note on Wednesday, February 5th. The Goldman Sachs Group increased their target price on Mercury Systems from $25.00 to $28.00 and gave the company a "sell" rating in a report on Thursday, January 16th. Finally, Baird R W raised Mercury Systems from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two 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 stock has an average rating of "Hold" and a consensus target price of $42.14.

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Insider Buying and Selling at Mercury Systems

In other Mercury Systems news, 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 value of $104,873.24. Following the completion of the transaction, the executive vice president now owns 62,834 shares in the company, valued at $2,772,236.08. The trade was a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Charles Roger Iv Wells sold 2,342 shares of the company'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 sale, the chief operating officer now owns 95,928 shares in the company, valued at $4,232,343.36. The trade was 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 quarter. 1.60% of the stock is owned by company insiders.

Mercury Systems Trading Down 3.0 %

Mercury Systems stock traded down $1.31 during trading on Monday, reaching $42.53. 691,804 shares of the company were exchanged, compared to its average volume of 532,857. The stock's 50 day simple moving average is $43.37 and its two-hundred day simple moving average is $39.72. The company has a market capitalization of $2.54 billion, a P/E ratio of -27.26 and a beta of 0.80. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.36. Mercury Systems, Inc. has a 52-week low of $26.48 and a 52-week high of $52.25.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last posted its quarterly 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 expect that Mercury Systems, Inc. will post -0.08 earnings per share 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.