Mercury Systems, Inc. (NASDAQ:MRCY) Shares Bought by Deutsche Bank AG

Deutsche Bank AG lifted its position in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 190.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 151,476 shares of the technology company's stock after purchasing an additional 99,391 shares during the quarter. Deutsche Bank AG owned about 0.25% of Mercury Systems worth $6,362,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of MRCY. Sterling Capital Management LLC raised its stake in shares of Mercury Systems by 762.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company's stock worth $69,000 after purchasing an additional 1,449 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Mercury Systems during the fourth quarter valued at approximately $75,000. KBC Group NV raised its position in Mercury Systems by 49.4% during 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 in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in Mercury Systems by 52.5% during 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 in the last quarter. Finally, Cibc World Markets Corp purchased a new position in Mercury Systems during the fourth quarter valued at approximately $204,000. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on MRCY. The Goldman Sachs Group lifted their price target on Mercury Systems from $30.00 to $33.00 and gave the company a "sell" rating in a research report on Monday, May 12th. Baird R W upgraded Mercury Systems from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Truist Financial upgraded Mercury Systems from a "hold" rating to a "buy" rating and lifted their price target for the company from $49.00 to $56.00 in a research report on Thursday, March 13th. Royal Bank of Canada lifted their price target 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. Finally, Robert W. Baird upgraded Mercury Systems from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $37.00 to $58.00 in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $46.71.

Mercury Systems Price Performance

Shares of NASDAQ:MRCY traded up $0.29 during trading on Friday, reaching $47.20. The stock had a trading volume of 320,171 shares, compared to its average volume of 579,573. 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 business has a fifty day moving average price of $46.61 and a 200-day moving average price of $43.72. The stock has a market cap of $2.82 billion, a PE ratio of -30.26 and a beta of 0.70. Mercury Systems, Inc. has a 1-year low of $26.48 and a 1-year high of $52.25.

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

Insider Transactions at Mercury Systems

In other Mercury Systems news, 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 transaction of $4,078,793.04. Following the transaction, the director now owns 6,861,313 shares of the company's stock, valued at approximately $317,472,952.51. The trade was a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 directly owns 56,187 shares in the company, valued at $2,680,119.90. This trade represents a 6.48% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company's stock.

Mercury Systems 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.