MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Position in Mercury Systems, Inc. (NASDAQ:MRCY)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 24.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 174,971 shares of the technology company's stock after buying an additional 34,216 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.29% of Mercury Systems worth $7,349,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Mercury Systems by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,550,610 shares of the technology company's stock worth $233,126,000 after buying an additional 41,324 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Mercury Systems by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,202,124 shares of the technology company's stock worth $92,490,000 after buying an additional 52,725 shares in the last quarter. Conestoga Capital Advisors LLC boosted its position in shares of Mercury Systems by 55.9% in the 4th quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company's stock worth $87,058,000 after buying an additional 743,552 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Mercury Systems by 16.7% in the 4th quarter. Victory Capital Management Inc. now owns 2,060,131 shares of the technology company's stock worth $86,526,000 after buying an additional 294,747 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Mercury Systems by 50.8% in the 4th quarter. First Trust Advisors LP now owns 988,936 shares of the technology company's stock worth $41,535,000 after buying an additional 333,109 shares in the last quarter. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on MRCY. 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 report on Wednesday, May 7th. Robert W. Baird raised shares of Mercury Systems from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $37.00 to $58.00 in a research note on Wednesday, February 5th. Truist Financial raised shares of Mercury Systems from a "hold" rating to a "buy" rating and boosted their target price for the company from $49.00 to $56.00 in a research note on Thursday, March 13th. The Goldman Sachs Group upped their price objective 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. Finally, 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. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Mercury Systems presently has an average rating of "Hold" and an average target price of $46.71.

Insider Transactions at Mercury Systems

In other news, EVP Steven Ratner sold 3,892 shares of the business's stock in a transaction dated 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 owns 56,187 shares in the company, valued at approximately $2,680,119.90. The trade was a 6.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jana Partners Management, Lp sold 88,152 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was 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 of the company's stock, valued at approximately $317,472,952.51. This represents a 1.27% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

Mercury Systems Trading Up 0.6%

Shares of NASDAQ MRCY traded up $0.29 on Friday, reaching $47.20. 320,171 shares of the company traded hands, compared to its average volume of 579,573. Mercury Systems, Inc. has a fifty-two week low of $26.48 and a fifty-two week high of $52.25. The company has a 50 day moving average of $46.61 and a 200 day moving average of $43.72. The company has a current ratio of 3.62, a quick ratio of 2.36 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $2.82 billion, a PE ratio of -30.26 and a beta of 0.70.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last issued its 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 return on equity of 2.03% and a negative net margin of 10.23%. The business had revenue of $211.36 million during the quarter, compared to analysts' expectations of $204.25 million. During the same quarter in the previous year, the business earned ($0.26) EPS. The company's revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities research analysts forecast that Mercury Systems, Inc. will post -0.08 earnings per share for the current fiscal year.

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.