Gotham Asset Management LLC Makes New Investment in Mercury Systems, Inc. (NASDAQ:MRCY)

Gotham Asset Management LLC bought a new position in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,427 shares of the technology company's stock, valued at approximately $438,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Mercury Systems by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 5,550,610 shares of the technology company's stock worth $233,126,000 after purchasing an additional 41,324 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Mercury Systems by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,202,124 shares of the technology company's stock valued at $92,490,000 after acquiring an additional 52,725 shares during the last quarter. Conestoga Capital Advisors LLC boosted its position 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 valued at $87,058,000 after acquiring an additional 743,552 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Mercury Systems by 16.7% during the 4th quarter. Victory Capital Management Inc. now owns 2,060,131 shares of the technology company's stock valued at $86,526,000 after acquiring an additional 294,747 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Mercury Systems by 50.8% during the 4th quarter. First Trust Advisors LP now owns 988,936 shares of the technology company's stock valued at $41,535,000 after acquiring an additional 333,109 shares during the last quarter. Institutional investors and hedge funds own 95.99% of the company's stock.

Mercury Systems Trading Up 1.1%

NASDAQ MRCY opened at $46.64 on Tuesday. The firm's 50-day moving average is $46.50 and its two-hundred day moving average is $43.48. Mercury Systems, Inc. has a 12 month low of $26.48 and a 12 month high of $52.25. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.36. The stock has a market capitalization of $2.79 billion, a P/E ratio of -29.90 and a beta of 0.70.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last posted its earnings results on Tuesday, May 6th. The technology company reported $0.06 EPS for the quarter, meeting 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 analysts' expectations of $204.25 million. During the same quarter in the prior year, the company posted ($0.26) earnings per share. Mercury Systems's revenue for the quarter was up 1.5% compared to the same quarter last year. On average, sell-side analysts anticipate 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 dated Thursday, May 8th. The shares were sold at an average price of $47.70, for a total transaction of $185,648.40. Following the sale, the executive vice president now directly owns 56,187 shares in the company, valued at $2,680,119.90. This represents a 6.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jana Partners Management, Lp sold 88,152 shares of the business's stock in a transaction dated 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 sale, the director now owns 6,861,313 shares in the company, valued at $317,472,952.51. This trade represents a 1.27% 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

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

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