Mercury Systems, Inc. (NASDAQ:MRCY) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 24.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 174,971 shares of the technology company's stock after acquiring an additional 34,216 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.29% of Mercury Systems worth $7,349,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Sterling Capital Management LLC boosted its holdings in Mercury Systems by 762.6% during the fourth quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company's stock worth $69,000 after buying an additional 1,449 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Mercury Systems during the 4th quarter valued at about $75,000. KBC Group NV increased its holdings in Mercury Systems by 49.4% during the 4th 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 worth $189,000 after acquiring an additional 1,549 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new stake in shares of Mercury Systems in the fourth quarter valued at about $204,000. Hedge funds and other institutional investors own 95.99% of the company's stock.

Mercury Systems Trading Up 0.6%

MRCY traded up $0.27 during trading on Thursday, hitting $47.17. 179,563 shares of the company's stock were exchanged, compared to its average volume of 578,063. Mercury Systems, Inc. has a 1 year low of $26.48 and a 1 year high of $52.25. The stock has a 50 day moving average price of $46.57 and a 200 day moving average price of $43.53. The firm has a market cap of $2.82 billion, a P/E ratio of -30.25 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 (NASDAQ:MRCY - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.06 EPS for the quarter, meeting 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 company had revenue of $211.36 million for the quarter, compared to analyst estimates of $204.25 million. During the same period last year, the company posted ($0.26) earnings per share. The firm's revenue was up 1.5% compared to the same quarter last year. As a group, analysts expect that Mercury Systems, Inc. will post -0.08 EPS for the current fiscal year.

Insider Activity

In other 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 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. This trade represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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 shares were sold at an average price of $47.70, for a total value of $185,648.40. Following the sale, the executive vice president now owns 56,187 shares in the company, valued at $2,680,119.90. The trade was a 6.48% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MRCY shares. Royal Bank of Canada raised 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 raised shares of 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 price target on shares of Mercury Systems from $30.00 to $33.00 and gave the stock a "sell" rating in a report on Monday, May 12th. Robert W. Baird raised shares of Mercury Systems from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $37.00 to $58.00 in a research report on Wednesday, February 5th. Finally, Truist Financial raised shares of Mercury Systems from a "hold" rating to a "buy" rating and upped their price objective for the company from $49.00 to $56.00 in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Mercury Systems has an average rating of "Hold" and an average target price of $46.71.

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.