Barclays PLC Buys 17,035 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Barclays PLC boosted its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,597 shares of the technology company's stock after purchasing an additional 17,035 shares during the period. Barclays PLC owned about 0.32% of Mercury Systems worth $8,089,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC lifted its stake in Mercury Systems by 762.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company's stock valued at $69,000 after purchasing an additional 1,449 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Mercury Systems in the 4th quarter worth approximately $75,000. KBC Group NV increased its position 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 valued at $105,000 after acquiring an additional 825 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its position in Mercury Systems by 52.5% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,502 shares of the technology company's stock valued at $189,000 after acquiring an additional 1,549 shares during the period. Finally, Cibc World Markets Corp purchased a new position in Mercury Systems in the 4th quarter worth approximately $204,000. Institutional investors own 95.99% of the company's stock.

Insider Activity

In related news, EVP Stuart Kupinsky sold 2,377 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $104,873.24. Following the transaction, the executive vice president now directly owns 62,834 shares in the company, valued at $2,772,236.08. This trade 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 stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $103,329.04. Following the completion of the sale, the chief operating officer now owns 95,928 shares of the company's stock, valued at approximately $4,232,343.36. This trade represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,314 shares of company stock worth $234,454. Corporate insiders own 1.60% of the company's stock.

Analyst Ratings Changes

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

Mercury Systems Stock Up 0.6 %

Mercury Systems stock traded up $0.31 during mid-day trading on Tuesday, hitting $50.04. The company's stock had a trading volume of 41,040 shares, compared to its average volume of 578,210. 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. The firm's 50 day moving average is $45.07 and its 200 day moving average is $42.02. The company has a market cap of $2.99 billion, a PE ratio of -31.98 and a beta of 0.86.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last issued its quarterly earnings results 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 return on equity of 2.03% and a negative net margin of 10.23%. On average, analysts anticipate that Mercury Systems, Inc. will post -0.08 earnings per share for the current year.

Mercury Systems Company 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.