1 week Ago By Defense World Staff
Geode Capital Management LLC lessened its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY – Free Report) by 3.2% during the 4th quarter, according to its most recent 13F filing with the SEC.
The firm owned 1,230,214 shares of the technology company’s stock after selling 40,986 shares during the period. Geode Capital Management LLC owned approximately 2.06% of Mercury Systems worth $51,681,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd.
purchased a new stake in shares of Mercury Systems in the fourth quarter valued at $75,000. KBC Group NV raised its position in Mercury Systems by 49.4% in the 4th 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 period. FMR LLC lifted its stake in Mercury Systems by 46.5% in the third quarter.
FMR LLC now owns 3,067 shares of the technology company’s stock worth $113,000 after purchasing an additional 974 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Mercury Systems by 52.
5% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,502 shares of the technology company’s stock worth $189,000 after purchasing an additional 1,549 shares during the last quarter.
Finally, Cibc World Markets Corp bought a new position in shares of Mercury Systems during the fourth quarter valued at approximately $204,000. 95.99% of the stock is currently owned by institutional investors.
Mercury Systems Trading Up 3.2 %NASDAQ MRCY opened at $46.18 on Monday.
Mercury Systems, Inc. has a one year low of $26.48 and a one year high of $52.
25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.
36 and a current ratio of 3.62. The company has a market capitalization of $2.
76 billion, a price-to-earnings ratio of -29.60 and a beta of 0.86.
The company’s 50-day simple moving average is $44.55 and its two-hundred day simple moving average is $41.14.
Mercury Systems (NASDAQ:MRCY – Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts forecast that Mercury Systems, Inc.
will post -0.08 EPS for the current fiscal year. Analysts Set New Price TargetsA number of equities research analysts recently issued reports on MRCY shares.
Robert W. Baird raised Mercury Systems from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $37.00 to $58.
00 in a research note on Wednesday, February 5th. The Goldman Sachs Group lifted their target price on 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 report on Wednesday, February 5th. Finally, Truist Financial upgraded shares of Mercury Systems from a “hold” rating to a “buy” rating and lifted their price objective for the company from $49.
00 to $56.00 in a report 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 given a strong buy rating to the company.
According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $43.86.
Get Our Latest Stock Report on Mercury SystemsInsider Activity at Mercury SystemsIn related news, EVP Stuart Kupinsky sold 2,377 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 62,834 shares of the company’s stock, valued at $2,772,236.08.
This represents 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 this link.
Also, CAO Douglas Munro sold 595 shares of Mercury Systems stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total transaction of $26,251.
40. Following the completion of the transaction, the chief accounting officer now directly owns 14,572 shares in the company, valued at $642,916.64.
This represents a 3.92 % 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 corporate insiders.
About Mercury Systems (Free Report)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.Read MoreFive stocks we like better than Mercury SystemsRussell 2000 Index, How Investors Use it For Profitable TradingIs McDonald’s Stock Serving a Value Meal to Investors? REIT Stocks – Best REIT Stocks to Add to Your Portfolio TodayWalgreens Comeback? Private Equity Circling for a BuyoutWhat is Put Option Volume?Coca-Cola Stock Looks Refreshing After the Relief Rally Want to see what other hedge funds are holding MRCY? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Mercury Systems, Inc. (NASDAQ:MRCY – Free Report)..
