10,427 Shares in Mercury Systems, Inc. (NASDAQ:MRCY) Purchased by Gotham Asset Management LLC

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

Several other large investors have also recently modified their holdings of the company. Focus Partners Wealth bought a new position in shares of Mercury Systems during the 4th quarter worth approximately $278,000. D. E. Shaw & Co. Inc. raised its stake in shares of Mercury Systems by 56.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 117,973 shares of the technology company's stock worth $4,955,000 after acquiring an additional 42,533 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Mercury Systems by 190.8% during the 4th quarter. Deutsche Bank AG now owns 151,476 shares of the technology company's stock worth $6,362,000 after acquiring an additional 99,391 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Mercury Systems during the 4th quarter worth approximately $212,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Mercury Systems by 13.5% during the 4th quarter. Ameriprise Financial Inc. now owns 392,358 shares of the technology company's stock worth $16,479,000 after acquiring an additional 46,688 shares in the last quarter. Institutional investors own 95.99% of the company's stock.

Mercury Systems Stock Performance

NASDAQ MRCY traded up $0.29 during mid-day trading on Friday, reaching $47.20. 320,171 shares of the stock were exchanged, compared to its average volume of 580,238. The business's 50 day moving average is $46.61 and its 200-day moving average is $43.74. Mercury Systems, Inc. has a 1 year low of $26.48 and a 1 year high of $52.25. The company has a market capitalization of $2.82 billion, a P/E ratio of -30.26 and a beta of 0.70. 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 announced 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 firm had revenue of $211.36 million for the quarter, compared to the consensus estimate of $204.25 million. During the same period in the prior year, the firm posted ($0.26) earnings per share. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts forecast that Mercury Systems, Inc. will post -0.08 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling

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

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.