D. E. Shaw & Co. Inc. Purchases 42,533 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

D. E. Shaw & Co. Inc. boosted its holdings in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 56.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 117,973 shares of the technology company's stock after purchasing an additional 42,533 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.20% of Mercury Systems worth $4,955,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MRCY. Sterling Capital Management LLC grew its stake in Mercury Systems by 762.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company's stock valued at $69,000 after acquiring an additional 1,449 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Mercury Systems in the fourth quarter valued at approximately $75,000. KBC Group NV grew its stake in 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. grew 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 valued at $189,000 after acquiring an additional 1,549 shares during the period. Finally, Cibc World Markets Corp acquired a new stake in Mercury Systems in the fourth quarter valued at approximately $204,000. 95.99% of the stock is currently owned by institutional investors.

Mercury Systems Stock Up 0.6%

Shares of NASDAQ:MRCY traded up $0.29 during mid-day trading on Friday, hitting $47.20. 320,171 shares of the company traded hands, compared to its average volume of 579,573. The stock has a market cap of $2.82 billion, a P/E ratio of -30.26 and a beta of 0.70. The company has a current ratio of 3.62, a quick ratio of 2.36 and a debt-to-equity ratio of 0.41. Mercury Systems, Inc. has a 12-month low of $26.48 and a 12-month high of $52.25. The stock has a 50-day moving average price of $46.61 and a two-hundred day moving average price of $43.72.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Mercury Systems had a negative return on equity of 2.03% and a negative net margin of 10.23%. The business had revenue of $211.36 million for the quarter, compared to analysts' expectations of $204.25 million. During the same quarter in the previous year, the firm earned ($0.26) earnings per share. The business's revenue was up 1.5% on a year-over-year basis. On average, equities research analysts forecast that Mercury Systems, Inc. will post -0.08 earnings per share for the current year.

Insiders Place Their Bets

In other Mercury Systems news, EVP Steven Ratner sold 3,892 shares of the business's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $47.70, for a total value of $185,648.40. Following the transaction, the executive vice president now owns 56,187 shares of the company's stock, valued at approximately $2,680,119.90. The trade was a 6.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jana Partners Management, Lp sold 88,152 shares of the business's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $46.27, for a total value of $4,078,793.04. Following the completion of the transaction, the director now directly owns 6,861,313 shares in the company, valued at approximately $317,472,952.51. This represents a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Robert W. Baird raised Mercury Systems from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $37.00 to $58.00 in a research note on Wednesday, February 5th. Truist Financial raised Mercury Systems from a "hold" rating to a "buy" rating and raised their price objective for the company from $49.00 to $56.00 in a research note on Thursday, March 13th. Baird R W raised Mercury Systems from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. The Goldman Sachs Group lifted their target price on Mercury Systems from $30.00 to $33.00 and gave the company a "sell" rating in a research report on Monday, May 12th. Finally, Royal Bank of Canada lifted their target price on Mercury Systems from $48.00 to $50.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $46.71.

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.