XTX Topco Ltd Decreases Stock Holdings in Mercury Systems, Inc. (NASDAQ:MRCY)

XTX Topco Ltd cut its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 65.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,060 shares of the technology company's stock after selling 15,107 shares during the quarter. XTX Topco Ltd's holdings in Mercury Systems were worth $339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Corient Private Wealth LLC grew its holdings in shares of Mercury Systems by 4.0% in the fourth quarter. Corient Private Wealth LLC now owns 6,858 shares of the technology company's stock worth $288,000 after purchasing an additional 266 shares during the last quarter. Ironwood Investment Management LLC increased its position in shares of Mercury Systems by 0.7% in the fourth quarter. Ironwood Investment Management LLC now owns 40,994 shares of the technology company's stock valued at $1,722,000 after acquiring an additional 300 shares during the period. Bank of Montreal Can raised its stake in shares of Mercury Systems by 5.0% during the fourth quarter. Bank of Montreal Can now owns 10,984 shares of the technology company's stock valued at $461,000 after acquiring an additional 519 shares during the last quarter. Johnson Investment Counsel Inc. boosted its holdings in shares of Mercury Systems by 9.1% during the fourth 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 period. Finally, KBC Group NV grew its stake in shares of Mercury Systems by 49.4% in the fourth quarter. KBC Group NV now owns 2,496 shares of the technology company's stock worth $105,000 after purchasing an additional 825 shares during the last quarter. 95.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MRCY. Truist Financial upgraded Mercury Systems from a "hold" rating to a "buy" rating and increased their price objective for the stock from $49.00 to $56.00 in a report on Thursday, March 13th. The Goldman Sachs Group upped their price objective on shares of Mercury Systems from $25.00 to $28.00 and gave the stock a "sell" rating in a 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 report on Wednesday, February 5th. Finally, Robert W. Baird raised Mercury Systems from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $37.00 to $58.00 in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $43.86.

Mercury Systems Stock Down 0.2 %

Shares of NASDAQ MRCY traded down $0.08 on Friday, reaching $49.75. 401,517 shares of the company's stock traded hands, compared to its average volume of 581,443. The company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41. The business's 50 day simple moving average is $44.96 and its two-hundred day simple moving average is $41.88. Mercury Systems, Inc. has a 12 month low of $26.48 and a 12 month high of $52.25. The company has a market cap of $2.97 billion, a price-to-earnings ratio of -31.89 and a beta of 0.86.

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 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%. As a group, equities research analysts forecast that Mercury Systems, Inc. will post -0.08 EPS for the current fiscal year.

Insider Activity at Mercury Systems

In related news, 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 value 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 represents a 2.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Douglas Munro sold 595 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $26,251.40. Following the sale, the chief accounting officer now owns 14,572 shares in the company, valued at approximately $642,916.64. This represents a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,314 shares of company stock valued at $234,454. 1.60% of the stock is owned by insiders.

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.