Two Sigma Investments LP Has $16.77 Million Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Two Sigma Investments LP decreased its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 16.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 399,246 shares of the technology company's stock after selling 75,774 shares during the quarter. Two Sigma Investments LP owned 0.67% of Mercury Systems worth $16,768,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Corient Private Wealth LLC increased its holdings in shares of Mercury Systems by 4.0% during the 4th quarter. Corient Private Wealth LLC now owns 6,858 shares of the technology company's stock worth $288,000 after purchasing an additional 266 shares during the period. Ironwood Investment Management LLC increased its stake in Mercury Systems by 0.7% in the fourth quarter. Ironwood Investment Management LLC now owns 40,994 shares of the technology company's stock valued at $1,722,000 after acquiring an additional 300 shares during the period. Schonfeld Strategic Advisors LLC increased its stake in Mercury Systems by 8.1% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 6,867 shares of the technology company's stock valued at $288,000 after acquiring an additional 517 shares during the period. Bank of Montreal Can increased its stake in Mercury Systems by 5.0% in the fourth quarter. Bank of Montreal Can now owns 10,984 shares of the technology company's stock valued at $461,000 after acquiring an additional 519 shares during the period. Finally, Johnson Investment Counsel Inc. increased its stake in Mercury Systems by 9.1% in the fourth quarter. Johnson Investment Counsel Inc. now owns 6,641 shares of the technology company's stock valued at $279,000 after acquiring an additional 555 shares during the period. Institutional investors own 95.99% of the company's stock.

Insider Transactions at Mercury Systems

In other news, Director Jana Partners Management, Lp sold 88,152 shares of the company's stock in a transaction that occurred 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $47.70, for a total transaction of $185,648.40. Following the transaction, the executive vice president now owns 56,187 shares in the company, valued at $2,680,119.90. The trade was 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 company insiders.

Wall Street Analysts Forecast Growth

MRCY has been the topic of a number of analyst reports. Royal Bank of Canada upped their target price on shares of Mercury Systems from $48.00 to $50.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. Robert W. Baird raised shares of Mercury Systems from a "neutral" rating to an "outperform" rating and upped their target price for the company from $37.00 to $58.00 in a research note on Wednesday, February 5th. Baird R W raised shares of Mercury Systems from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. The Goldman Sachs Group upped their target price 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, Truist Financial raised shares of Mercury Systems from a "hold" rating to a "buy" rating and upped their target price for the company from $49.00 to $56.00 in a research note on Thursday, March 13th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $46.71.

Mercury Systems Price Performance

Mercury Systems stock traded down $0.58 during trading hours on Wednesday, hitting $48.53. 45,116 shares of the stock were exchanged, compared to its average volume of 577,947. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.36 and a current ratio of 3.62. The stock has a market capitalization of $2.90 billion, a P/E ratio of -31.11 and a beta of 0.70. Mercury Systems, Inc. has a 12 month low of $26.48 and a 12 month high of $52.25. The business's 50-day moving average is $46.68 and its two-hundred day moving average is $43.81.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last issued its quarterly earnings data 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 10.23% and a negative return on equity of 2.03%. The firm had revenue of $211.36 million for the quarter, compared to analysts' expectations of $204.25 million. During the same period in the prior year, the firm earned ($0.26) earnings per share. The company's quarterly revenue was up 1.5% compared to the same quarter last year. Equities research analysts expect that Mercury Systems, Inc. will post -0.08 EPS for the current fiscal year.

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.