6,611 Shares in Mercury Systems, Inc. (NASDAQ:MRCY) Acquired by Focus Partners Wealth

Focus Partners Wealth acquired a new stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,611 shares of the technology company's stock, valued at approximately $278,000.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC boosted its holdings in Mercury Systems by 471.3% in the third quarter. Barclays PLC now owns 175,562 shares of the technology company's stock valued at $6,496,000 after acquiring an additional 144,831 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Mercury Systems by 3.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 46,220 shares of the technology company's stock valued at $1,710,000 after purchasing an additional 1,731 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Mercury Systems by 52.5% in 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 purchasing an additional 1,549 shares in the last quarter. KBC Group NV grew its holdings in shares of Mercury Systems by 49.4% during the 4th quarter. KBC Group NV now owns 2,496 shares of the technology company's stock worth $105,000 after purchasing an additional 825 shares during the period. Finally, Conestoga Capital Advisors LLC grew its holdings in shares of Mercury Systems by 55.9% during the 4th quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company's stock worth $87,058,000 after purchasing an additional 743,552 shares during the period. 95.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mercury Systems

In related news, Director Jana Partners Management, Lp sold 88,152 shares of the stock in a transaction dated Thursday, May 8th. The shares were 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 owns 6,861,313 shares in the company, valued at $317,472,952.51. This represents a 1.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Steven Ratner sold 3,892 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $47.70, for a total transaction of $185,648.40. Following the completion of the sale, the executive vice president now directly owns 56,187 shares of the company's stock, valued at approximately $2,680,119.90. This represents a 6.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

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

Mercury Systems Stock Performance

NASDAQ:MRCY traded down $0.59 during trading hours on Wednesday, reaching $48.51. 24,604 shares of the stock were exchanged, compared to its average volume of 577,829. The stock has a market capitalization of $2.90 billion, a P/E ratio of -31.19 and a beta of 0.70. The firm has a 50 day simple moving average of $46.68 and a 200-day simple moving average of $43.81. The company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41. Mercury Systems, Inc. has a 52 week low of $26.48 and a 52 week high of $52.25.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last posted 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. Mercury Systems had a negative net margin of 10.23% and a negative return on equity of 2.03%. The company had revenue of $211.36 million for the quarter, compared to the consensus estimate of $204.25 million. During the same period last year, the firm posted ($0.26) EPS. The company's revenue for the quarter was up 1.5% on a year-over-year basis. As a group, sell-side analysts forecast 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.