Aristotle Capital Boston LLC Reduces Stake in Mercury Systems, Inc. (NASDAQ:MRCY)

Aristotle Capital Boston LLC decreased its stake in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 14.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 430,121 shares of the technology company's stock after selling 74,619 shares during the period. Aristotle Capital Boston LLC owned 0.72% of Mercury Systems worth $18,065,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Conestoga Capital Advisors LLC boosted its position 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 valued at $87,058,000 after acquiring an additional 743,552 shares during the last quarter. Fisher Asset Management LLC acquired a new position in shares of Mercury Systems in the 4th quarter valued at about $16,601,000. First Trust Advisors LP lifted its stake in shares of Mercury Systems by 50.8% in the 4th quarter. First Trust Advisors LP now owns 988,936 shares of the technology company's stock valued at $41,535,000 after purchasing an additional 333,109 shares during the period. Victory Capital Management Inc. grew 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 worth $86,526,000 after purchasing an additional 294,747 shares during the period. Finally, Kennedy Capital Management LLC increased its holdings in Mercury Systems by 146.9% in the fourth quarter. Kennedy Capital Management LLC now owns 466,177 shares of the technology company's stock worth $19,579,000 after purchasing an additional 277,355 shares in the last quarter. 95.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Mercury Systems from $25.00 to $28.00 and gave the stock a "sell" rating in a research report on Thursday, January 16th. Robert W. Baird upgraded shares of Mercury Systems from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $37.00 to $58.00 in a report 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. Finally, Truist Financial raised Mercury Systems from a "hold" rating to a "buy" rating and lifted their target price for the company from $49.00 to $56.00 in a research report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $43.86.

Insider Buying and Selling at Mercury Systems

In related news, COO Charles Roger Iv Wells sold 2,342 shares of Mercury Systems stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $103,329.04. Following the transaction, the chief operating officer now owns 95,928 shares in the company, valued at $4,232,343.36. This trade represents a 2.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Douglas Munro sold 595 shares of the firm'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 $26,251.40. Following the transaction, the chief accounting officer now owns 14,572 shares in the company, valued at approximately $642,916.64. The trade was a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,314 shares of company stock valued at $234,454 in the last three months. Company insiders own 1.60% of the company's stock.

Mercury Systems Stock Performance

Shares of MRCY stock traded down $0.75 on Tuesday, hitting $50.41. 625,021 shares of the stock were exchanged, compared to its average volume of 580,815. The firm's 50 day moving average is $45.83 and its two-hundred day moving average is $42.55. Mercury Systems, Inc. has a one year low of $26.48 and a one year high of $52.25. The company has a current ratio of 3.62, a quick ratio of 2.36 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $3.01 billion, a PE ratio of -32.31 and a beta of 0.69.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last issued 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%. Sell-side analysts expect that Mercury Systems, Inc. will post -0.08 earnings per share for the current fiscal 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.