Mercury Systems Inc (NASDAQ:MRCY) Shares Sold by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC trimmed its position in shares of Mercury Systems Inc (NASDAQ:MRCY - Free Report) by 50.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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.

Several other institutional investors and hedge funds have also recently bought and sold shares of MRCY. Millennium Management LLC increased its holdings in shares of Mercury Systems by 196.1% during the fourth quarter. Millennium Management LLC now owns 1,023,508 shares of the technology company's stock valued at $42,987,000 after purchasing an additional 677,894 shares during the period. Fisher Asset Management LLC acquired a new position in Mercury Systems during the 4th quarter valued at about $16,601,000. First Trust Advisors LP raised its position in shares of Mercury Systems by 50.8% during 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. Victory Capital Management Inc. lifted its stake 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 acquiring an additional 294,747 shares during the period. Finally, Kennedy Capital Management LLC boosted its holdings in shares of Mercury Systems by 146.9% in the fourth quarter. Kennedy Capital Management LLC now owns 466,177 shares of the technology company's stock valued at $19,579,000 after acquiring an additional 277,355 shares in the last quarter. Institutional investors own 95.99% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Royal Bank Of Canada boosted their target price on Mercury Systems from $48.00 to $50.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. The Goldman Sachs Group lifted their target price on Mercury Systems from $30.00 to $33.00 and gave the stock a "sell" rating in a report on Monday, May 12th. Truist Financial boosted their price target on shares of Mercury Systems from $56.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Mercury Systems from $48.00 to $56.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Mercury Systems currently has a consensus rating of "Hold" and an average price target of $49.57.

Mercury Systems Trading Up 2.5%

Shares of MRCY opened at $51.36 on Friday. The business's 50-day moving average price is $49.43 and its 200 day moving average price is $45.42. The company has a current ratio of 3.44, a quick ratio of 2.25 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $3.07 billion, a P/E ratio of -45.86 and a beta of 0.68. Mercury Systems Inc has a 1-year low of $26.53 and a 1-year high of $54.32.

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, hitting the consensus estimate of $0.06. Mercury Systems had a negative net margin of 7.33% and a negative return on equity of 0.77%. The business had revenue of $211.36 million for the quarter, compared to the consensus estimate of $204.25 million. During the same period last 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. Analysts expect that Mercury Systems Inc will post -0.08 earnings per share for the current year.

Insider Buying and Selling

In other Mercury Systems news, EVP Steven Ratner sold 1,839 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $53.48, for a total value of $98,349.72. Following the completion of the sale, the executive vice president now owns 35,174 shares in the company, valued at $1,881,105.52. This represents a 4.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jana Partners Management, Lp sold 88,152 shares of the business's 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 owns 6,861,313 shares in the company, valued at approximately $317,472,952.51. This represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 93,883 shares of company stock valued at $4,362,791. Corporate insiders own 1.60% of the company's stock.

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.

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