Vident Advisory LLC Buys 8,088 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Vident Advisory LLC boosted its holdings in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 29.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,749 shares of the technology company's stock after acquiring an additional 8,088 shares during the period. Vident Advisory LLC owned 0.06% of Mercury Systems worth $1,501,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MRCY. Sterling Capital Management LLC lifted its position in Mercury Systems by 762.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company's stock valued at $69,000 after acquiring an additional 1,449 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Mercury Systems in the fourth quarter worth about $75,000. KBC Group NV raised its holdings in Mercury Systems by 49.4% in the fourth quarter. KBC Group NV now owns 2,496 shares of the technology company's stock worth $105,000 after buying an additional 825 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in 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 buying an additional 1,549 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new position in Mercury Systems in the fourth quarter worth about $204,000. 95.99% of the stock is owned by hedge funds and other institutional investors.

Mercury Systems Stock Performance

NASDAQ MRCY traded down $0.55 during trading hours on Wednesday, hitting $48.56. 45,116 shares of the company's stock traded hands, compared to its average volume of 577,951. The business's fifty day moving average price is $46.68 and its two-hundred day moving average price is $43.81. The company has a current ratio of 3.62, a quick ratio of 2.36 and a debt-to-equity ratio of 0.41. The firm 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 52 week low of $26.48 and a 52 week high of $52.25.

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, hitting analysts' consensus estimates of $0.06. The business had revenue of $211.36 million during 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 company's revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.26) earnings per share. Equities research analysts predict that Mercury Systems, Inc. will post -0.08 EPS for the current year.

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 completion of the sale, the executive vice president now directly owns 56,187 shares of the company's stock, valued at $2,680,119.90. This 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 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 completion of the sale, the director now directly owns 6,861,313 shares of the company's stock, valued at approximately $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. Corporate insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MRCY. Robert W. Baird raised shares of Mercury Systems from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $37.00 to $58.00 in a report on Wednesday, February 5th. The Goldman Sachs Group boosted their price objective on shares of Mercury Systems from $30.00 to $33.00 and gave the company a "sell" rating in a report on Monday, May 12th. Baird R W raised shares of Mercury Systems from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Royal Bank of Canada boosted their price objective on shares of Mercury Systems from $48.00 to $50.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. Finally, Truist Financial raised shares of Mercury Systems from a "hold" rating to a "buy" rating and boosted their price objective for the company from $49.00 to $56.00 in a report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, four have assigned 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, Mercury Systems has a consensus rating of "Hold" and an average price target of $46.71.

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.