Teza Capital Management LLC Sells 8,323 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Teza Capital Management LLC trimmed its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 45.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,798 shares of the technology company's stock after selling 8,323 shares during the period. Teza Capital Management LLC's holdings in Mercury Systems were worth $412,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted 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 purchasing an additional 1,449 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Mercury Systems in the fourth quarter worth about $75,000. KBC Group NV increased its holdings in Mercury Systems by 49.4% in the 4th 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. increased its stake in shares of 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 purchasing an additional 1,549 shares in the last quarter. Finally, Cibc World Markets Corp purchased a new position in shares of Mercury Systems during the 4th quarter valued at $204,000. Institutional investors own 95.99% of the company's stock.

Mercury Systems Price Performance

Shares of MRCY stock traded up $0.29 during trading hours on Monday, hitting $47.20. The stock had a trading volume of 320,171 shares, compared to its average volume of 580,238. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.36. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of -30.26 and a beta of 0.70. Mercury Systems, Inc. has a one year low of $26.48 and a one year high of $52.25. The stock's 50-day moving average price is $46.61 and its two-hundred day moving average price is $43.74.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.06. The business had revenue of $211.36 million for the quarter, compared to the consensus estimate of $204.25 million. Mercury Systems had a negative return on equity of 2.03% and a negative net margin of 10.23%. The company's revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.26) EPS. Equities analysts forecast that Mercury Systems, Inc. will post -0.08 EPS for the current year.

Insider Activity at Mercury Systems

In other Mercury Systems news, Director Jana Partners Management, Lp sold 88,152 shares of the business'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 transaction of $4,078,793.04. Following the sale, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Steven Ratner sold 3,892 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $47.70, for a total value of $185,648.40. Following the sale, the executive vice president now owns 56,187 shares in the company, valued at approximately $2,680,119.90. This trade represents a 6.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. The Goldman Sachs Group raised their price target on Mercury Systems from $30.00 to $33.00 and gave the company a "sell" rating in a report on Monday, May 12th. Royal Bank of Canada increased their target price on 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 boosted their price target for the stock from $49.00 to $56.00 in a report on Thursday, March 13th. Robert W. Baird upgraded Mercury Systems from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $37.00 to $58.00 in a research note on Wednesday, February 5th. Finally, 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $46.71.

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.