Hunter Perkins Capital Management LLC Has $408,000 Stake in Mercury Systems Inc (NASDAQ:MRCY)

Hunter Perkins Capital Management LLC reduced its position in shares of Mercury Systems Inc (NASDAQ:MRCY - Free Report) by 50.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,461 shares of the technology company's stock after selling 9,520 shares during the period. Hunter Perkins Capital Management LLC's holdings in Mercury Systems were worth $408,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Neo Ivy Capital Management purchased a new stake in shares of Mercury Systems during the fourth quarter worth approximately $33,000. GAMMA Investing LLC boosted its stake in Mercury Systems by 59.6% during the 1st quarter. GAMMA Investing LLC now owns 1,058 shares of the technology company's stock worth $46,000 after purchasing an additional 395 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Mercury Systems by 53.8% during the first quarter. Fifth Third Bancorp now owns 1,290 shares of the technology company's stock worth $56,000 after buying an additional 451 shares in the last quarter. Sterling Capital Management LLC grew its stake in Mercury Systems by 762.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company's stock valued at $69,000 after acquiring an additional 1,449 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of Mercury Systems in the fourth quarter valued at approximately $204,000. Institutional investors and hedge funds own 95.99% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Mercury Systems from $48.00 to $56.00 and gave the company a "neutral" rating in a report on Monday, June 16th. The Goldman Sachs Group upped their target price 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. Truist Financial raised their price target on Mercury Systems from $56.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, June 2nd. Finally, Royal Bank Of Canada lifted 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 note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, four have issued 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, Mercury Systems currently has an average rating of "Hold" and a consensus target price of $49.57.

Insider Activity at Mercury Systems

In related news, Director Jana Partners Management, Lp sold 88,152 shares of the company's stock in a transaction dated 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 sale, the director now owns 6,861,313 shares of the company's stock, valued at $317,472,952.51. The trade was a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Steven Ratner sold 1,839 shares of Mercury Systems stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $53.48, for a total transaction of $98,349.72. Following the transaction, the executive vice president now directly owns 35,174 shares of the company's stock, valued at $1,881,105.52. This represents a 4.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,883 shares of company stock valued at $4,362,791. 1.60% of the stock is currently owned by corporate insiders.

Mercury Systems Stock Performance

MRCY stock traded up $0.53 during trading on Monday, hitting $53.94. 625,452 shares of the company's stock traded hands, compared to its average volume of 567,727. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of -48.16 and a beta of 0.68. The stock has a fifty day moving average price of $49.54 and a two-hundred day moving average price of $45.62. Mercury Systems Inc has a 52 week low of $27.01 and a 52 week high of $54.45. The company has a quick ratio of 2.25, a current ratio of 3.44 and a debt-to-equity ratio of 0.41.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced its quarterly earnings data 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 0.77% and a negative net margin of 7.33%. The business had revenue of $211.36 million during the quarter, compared to analyst estimates of $204.25 million. During the same quarter in the prior year, the firm posted ($0.26) earnings per share. The company's revenue was up 1.5% on a year-over-year basis. As a group, equities analysts anticipate that Mercury Systems Inc will post -0.08 EPS for the current fiscal year.

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.