Canada Pension Plan Investment Board Invests $323,000 in Mercury Systems, Inc. (NASDAQ:MRCY)

Canada Pension Plan Investment Board purchased a new stake in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,700 shares of the technology company's stock, valued at approximately $323,000.

Several other large investors have also recently modified their holdings of MRCY. Vanguard Group Inc. increased its holdings in Mercury Systems by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 5,550,610 shares of the technology company's stock valued at $233,126,000 after purchasing an additional 41,324 shares during the period. Conestoga Capital Advisors LLC increased its position in shares of 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 buying an additional 743,552 shares during the period. Victory Capital Management Inc. raised 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 buying an additional 294,747 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Mercury Systems by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 673,224 shares of the technology company's stock valued at $28,275,000 after buying an additional 14,391 shares during the period. Finally, Invesco Ltd. lifted its holdings in Mercury Systems by 6.4% in the fourth quarter. Invesco Ltd. now owns 631,961 shares of the technology company's stock valued at $26,542,000 after buying an additional 37,847 shares during the period. Institutional investors own 95.99% of the company's stock.

Mercury Systems Price Performance

Mercury Systems stock traded up $0.47 during midday trading on Thursday, reaching $50.47. 68,920 shares of the stock were exchanged, compared to its average volume of 578,954. The firm has a market cap of $3.01 billion, a PE ratio of -32.44 and a beta of 0.86. Mercury Systems, Inc. has a 52 week low of $26.48 and a 52 week high of $52.25. The company's fifty day moving average is $45.36 and its 200-day moving average is $42.13. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.36 and a current ratio of 3.62.

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 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%. On average, sell-side analysts forecast that Mercury Systems, Inc. will post -0.08 EPS for the current year.

Insider Buying and Selling

In other news, CAO Douglas Munro sold 595 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value 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 approximately $642,916.64. This represents a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Charles Roger Iv Wells sold 2,342 shares of the firm's stock in a transaction dated 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 directly owns 95,928 shares in the company, valued at approximately $4,232,343.36. This represents a 2.38 % decrease in their ownership of the stock. 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 Upgrades and Downgrades

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

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.