Mercury Systems, Inc. (NASDAQ:MRCY) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 98.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 768 shares of the technology company's stock after selling 41,572 shares during the period. Public Employees Retirement System of Ohio's holdings in Mercury Systems were worth $32,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in MRCY. Millennium Management LLC increased its position in Mercury Systems by 196.1% during the fourth quarter. Millennium Management LLC now owns 1,023,508 shares of the technology company's stock worth $42,987,000 after buying an additional 677,894 shares during the period. Fisher Asset Management LLC acquired a new position in Mercury Systems during the fourth quarter worth approximately $16,601,000. First Trust Advisors LP increased its position in Mercury Systems by 50.8% during the fourth 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 during the period. Victory Capital Management Inc. increased its position in Mercury Systems by 16.7% during the fourth 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 during the period. Finally, Kennedy Capital Management LLC increased its position in Mercury Systems by 146.9% during the fourth quarter. Kennedy Capital Management LLC now owns 466,177 shares of the technology company's stock worth $19,579,000 after buying an additional 277,355 shares during the period. Institutional investors and hedge funds own 95.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. 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 report on Monday, May 12th. Royal Bank of Canada lifted their target price on Mercury Systems from $48.00 to $50.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Finally, Truist Financial lifted their target price on Mercury Systems from $56.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, June 2nd. 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's stock. According to data from MarketBeat.com, Mercury Systems currently has an average rating of "Hold" and an average target price of $47.29.

Insider Activity at Mercury Systems

In related news, EVP Steven Ratner sold 3,892 shares of Mercury Systems stock in a transaction on 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 transaction, the executive vice president now directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jana Partners Management, Lp sold 88,152 shares of Mercury Systems stock in a transaction 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 transaction, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

Mercury Systems Stock Up 2.2%

Mercury Systems stock opened at $53.14 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 1-year low of $26.48 and a 1-year high of $53.19. The company has a market cap of $3.18 billion, a PE ratio of -34.06 and a beta of 0.68. The stock's 50 day moving average price is $47.62 and its 200 day moving average price is $44.29.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.06 earnings per share for the quarter, meeting 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 firm had revenue of $211.36 million for the quarter, compared to the consensus estimate of $204.25 million. During the same period in the previous year, the business earned ($0.26) earnings per share. The company's revenue for the quarter was up 1.5% compared to the same quarter last year. On average, sell-side analysts predict that Mercury Systems, Inc. will post -0.08 EPS 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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