Zions Bancorporation N.A. Acquires 6,325 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Zions Bancorporation N.A. grew its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 14.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,159 shares of the technology company's stock after buying an additional 6,325 shares during the quarter. Zions Bancorporation N.A. owned about 0.08% of Mercury Systems worth $2,107,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in MRCY. Conestoga Capital Advisors LLC raised its holdings in Mercury Systems by 55.9% during the fourth quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company's stock worth $87,058,000 after purchasing an additional 743,552 shares in the last quarter. Fisher Asset Management LLC bought a new position in Mercury Systems during the fourth quarter valued at about $16,601,000. Victory Capital Management Inc. boosted its stake in Mercury Systems by 16.7% during the fourth quarter. Victory Capital Management Inc. now owns 2,060,131 shares of the technology company's stock valued at $86,526,000 after buying an additional 294,747 shares in the last quarter. Barclays PLC grew its holdings in Mercury Systems by 471.3% during the third quarter. Barclays PLC now owns 175,562 shares of the technology company's stock worth $6,496,000 after acquiring an additional 144,831 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Mercury Systems in the fourth quarter worth about $4,258,000. 95.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Robert W. Baird raised shares of Mercury Systems from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $37.00 to $58.00 in a research note on Wednesday, February 5th. Baird R W upgraded shares of Mercury Systems from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. The Goldman Sachs Group upped their price objective on shares of Mercury Systems from $25.00 to $28.00 and gave the company a "sell" rating in a research note on Thursday, January 16th. StockNews.com raised shares of Mercury Systems from a "sell" rating to a "hold" rating in a research note on Thursday, December 5th. Finally, Truist Financial raised shares of Mercury Systems from a "hold" rating to a "buy" rating and upped their price target for the stock from $49.00 to $56.00 in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $43.86.

Insider Buying and Selling

In other Mercury Systems news, EVP Stuart Kupinsky sold 2,377 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 $104,873.24. Following the completion of the sale, the executive vice president now directly owns 62,834 shares of the company's stock, valued at $2,772,236.08. This represents a 3.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Charles Roger Iv Wells sold 2,342 shares of the business'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 $103,329.04. Following the transaction, the chief operating officer now owns 95,928 shares in the company, valued at approximately $4,232,343.36. The trade was a 2.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,314 shares of company stock valued at $234,454. Company insiders own 1.60% of the company's stock.

Mercury Systems Stock Down 1.8 %

NASDAQ:MRCY traded down $0.78 during trading hours on Friday, reaching $42.82. The company's stock had a trading volume of 341,704 shares, compared to its average volume of 555,167. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.36. The company has a market cap of $2.56 billion, a price-to-earnings ratio of -27.45 and a beta of 0.80. Mercury Systems, Inc. has a one year low of $26.48 and a one year high of $52.25. The business's 50-day moving average is $44.06 and its 200-day moving average is $40.52.

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 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%. Equities research analysts predict that Mercury Systems, Inc. will post -0.08 EPS for the current year.

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.