Two Sigma Advisers LP Lowers Stock Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Two Sigma Advisers LP trimmed its stake in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 226,800 shares of the technology company's stock after selling 10,400 shares during the period. Two Sigma Advisers LP owned about 0.38% of Mercury Systems worth $9,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in MRCY. Barclays PLC boosted its position in Mercury Systems by 471.3% in the 3rd quarter. Barclays PLC now owns 175,562 shares of the technology company's stock valued at $6,496,000 after buying an additional 144,831 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Mercury Systems by 3.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 46,220 shares of the technology company's stock worth $1,710,000 after purchasing an additional 1,731 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Mercury Systems by 52.5% in the 4th 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 during the period. KBC Group NV lifted its position in shares of 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 purchasing an additional 825 shares during the period. Finally, Conestoga Capital Advisors LLC lifted its position in shares of Mercury Systems by 55.9% in the 4th quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company's stock worth $87,058,000 after purchasing an additional 743,552 shares during the period. 95.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mercury Systems

In other news, EVP Steven Ratner sold 3,892 shares of the stock in a transaction 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 $2,680,119.90. This represents a 6.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jana Partners Management, Lp sold 88,152 shares of the stock in a transaction 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 in the company, valued at $317,472,952.51. This trade 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.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MRCY. Truist Financial raised shares of Mercury Systems from a "hold" rating to a "buy" rating and upped their price target for the stock from $49.00 to $56.00 in a research report on Thursday, March 13th. Royal Bank of Canada boosted their price objective 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. Robert W. Baird upgraded shares of Mercury Systems from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $37.00 to $58.00 in a research note on Wednesday, February 5th. The Goldman Sachs Group upped their price target on shares of Mercury Systems from $30.00 to $33.00 and gave the company a "sell" rating in a research note on Monday, May 12th. Finally, Baird R W upgraded shares of Mercury Systems from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $46.71.

Mercury Systems Stock Performance

Mercury Systems stock traded down $0.41 during mid-day trading on Wednesday, reaching $48.69. 45,116 shares of the company traded hands, compared to its average volume of 577,947. 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 company has a market capitalization of $2.91 billion, a price-to-earnings ratio of -31.11 and a beta of 0.70. The firm's fifty day moving average is $46.68 and its two-hundred day moving average is $43.81.

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 for the quarter, hitting analysts' consensus estimates of $0.06. The firm had revenue of $211.36 million for the quarter, compared to analyst estimates of $204.25 million. Mercury Systems had a negative net margin of 10.23% and a negative return on equity of 2.03%. The business's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.26) earnings per share. On average, equities research analysts expect 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.