Mercury Systems, Inc. (NASDAQ:MRCY) Holdings Raised by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 156.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,462 shares of the technology company's stock after purchasing an additional 17,366 shares during the quarter. Quantinno Capital Management LP's holdings in Mercury Systems were worth $1,195,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sterling Capital Management LLC raised its position in Mercury Systems by 762.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company's stock worth $69,000 after acquiring an additional 1,449 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Mercury Systems in the fourth quarter worth about $75,000. KBC Group NV raised its position in Mercury Systems by 49.4% in the fourth quarter. KBC Group NV now owns 2,496 shares of the technology company's stock worth $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% in 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 in the last quarter. Finally, Cibc World Markets Corp bought a new stake in Mercury Systems in the fourth quarter worth about $204,000. 95.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Baird R W upgraded shares of Mercury Systems from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Royal Bank of Canada boosted their price target 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. Truist Financial raised 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 raised Mercury Systems from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $37.00 to $58.00 in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group lifted their price target on Mercury Systems from $30.00 to $33.00 and gave the stock a "sell" rating in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $46.71.

Insider Buying and Selling at Mercury Systems

In related news, EVP Steven Ratner sold 3,892 shares of the business'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 value of $185,648.40. Following the completion of the sale, the executive vice president now owns 56,187 shares of the company's stock, valued at approximately $2,680,119.90. The trade was a 6.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jana Partners Management, Lp sold 88,152 shares of the business's stock in a transaction that occurred on 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 sale, the director now directly owns 6,861,313 shares of the company's stock, valued at approximately $317,472,952.51. The trade was 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 0.0%

NASDAQ:MRCY opened at $46.91 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.36. Mercury Systems, Inc. has a fifty-two week low of $26.48 and a fifty-two week high of $52.25. The stock's 50-day moving average is $46.58 and its two-hundred day moving average is $43.63. The stock has a market cap of $2.80 billion, a PE ratio of -30.07 and a beta of 0.70.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last released its earnings results on Tuesday, May 6th. The technology company reported $0.06 earnings per share 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 analysts' expectations of $204.25 million. During the same quarter in the previous year, the business posted ($0.26) EPS. The business's revenue for the quarter was up 1.5% on a year-over-year basis. As a group, equities research analysts forecast that Mercury Systems, Inc. will post -0.08 earnings per share for the current fiscal year.

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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