UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Holdings in Mercury Systems, Inc. (NASDAQ:MRCY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 11.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 140,701 shares of the technology company's stock after buying an additional 14,129 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.24% of Mercury Systems worth $5,909,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC lifted 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 worth $6,496,000 after buying an additional 144,831 shares during the last quarter. KBC Group NV increased its position in shares of Mercury Systems by 49.4% in the fourth quarter. KBC Group NV now owns 2,496 shares of the technology company's stock valued at $105,000 after acquiring an additional 825 shares during the period. Conestoga Capital Advisors LLC raised its stake in shares of Mercury Systems by 55.9% during the fourth quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company's stock valued at $87,058,000 after acquiring an additional 743,552 shares during the last quarter. Verity Asset Management Inc. boosted its holdings in shares of Mercury Systems by 20.8% during the fourth quarter. Verity Asset Management Inc. now owns 8,943 shares of the technology company's stock worth $376,000 after purchasing an additional 1,541 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Mercury Systems in the fourth quarter worth about $75,000. 95.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. The Goldman Sachs Group upped their target price 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 upped their price objective on shares of Mercury Systems from $48.00 to $50.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Truist Financial boosted their price target on shares of Mercury Systems from $56.00 to $60.00 and gave the company a "buy" rating in a research report on Monday. Robert W. Baird raised shares of Mercury Systems from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $37.00 to $58.00 in a research note on Wednesday, February 5th. Finally, Baird R W raised Mercury Systems from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $47.29.

Insiders Place Their Bets

In related news, EVP Steven Ratner sold 3,892 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were 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 owns 56,187 shares of the company's stock, valued at $2,680,119.90. This trade represents a 6.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jana Partners Management, Lp sold 88,152 shares of the stock in a transaction dated 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 sale, the director now directly owns 6,861,313 shares in the company, valued at $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. 1.60% of the stock is currently owned by insiders.

Mercury Systems Trading Up 0.6%

Shares of NASDAQ MRCY traded up $0.30 during mid-day trading on Thursday, reaching $51.88. The company had a trading volume of 149,374 shares, compared to its average volume of 582,180. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of -33.23 and a beta of 0.70. Mercury Systems, Inc. has a 52 week low of $26.48 and a 52 week high of $52.25. The business's 50-day moving average is $47.25 and its 200-day moving average is $44.11. The company has a current ratio of 3.62, a quick ratio of 2.36 and a debt-to-equity ratio of 0.41.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.06 EPS for the quarter, meeting the consensus estimate 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 return on equity of 2.03% and a negative net margin of 10.23%. The business's revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.26) earnings per share. Equities analysts expect that Mercury Systems, Inc. will post -0.08 earnings per share for the current year.

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.