Wealth Enhancement Advisory Services LLC Takes Position in Mercury Systems Inc (NASDAQ:MRCY)

Wealth Enhancement Advisory Services LLC bought a new position in Mercury Systems Inc (NASDAQ:MRCY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,730 shares of the technology company's stock, valued at approximately $241,000.

Other hedge funds have also recently modified their holdings of the company. Neo Ivy Capital Management bought a new stake in Mercury Systems in the fourth quarter worth $33,000. Sterling Capital Management LLC increased 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. Cibc World Markets Corp bought a new stake in Mercury Systems in the fourth quarter worth $204,000. Captrust Financial Advisors bought a new stake in Mercury Systems in the fourth quarter worth $212,000. Finally, Centaurus Financial Inc. bought a new stake in Mercury Systems in the fourth quarter worth $212,000. Hedge funds and other institutional investors own 95.99% of the company's stock.

Insider Buying and Selling

In other Mercury Systems news, EVP Steven Ratner sold 1,839 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $53.48, for a total transaction of $98,349.72. Following the completion of the sale, the executive vice president now directly owns 35,174 shares of the company's stock, valued at approximately $1,881,105.52. This represents a 4.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jana Partners Management, Lp sold 88,152 shares of the stock in a transaction dated 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 sale, the director now directly owns 6,861,313 shares of the company's stock, valued at approximately $317,472,952.51. The trade was a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,883 shares of company stock valued at $4,362,791 over the last three months. 1.60% of the stock is owned by company insiders.

Mercury Systems Stock Performance

Shares of NASDAQ MRCY traded down $0.89 during mid-day trading on Wednesday, reaching $51.43. The company had a trading volume of 618,435 shares, compared to its average volume of 596,898. The business's 50-day moving average is $48.82 and its 200-day moving average is $44.88. The company has a current ratio of 3.44, a quick ratio of 2.25 and a debt-to-equity ratio of 0.41. Mercury Systems Inc has a 52 week low of $26.48 and a 52 week high of $54.32.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.06 EPS for the quarter, hitting analysts' consensus estimates of $0.06. The firm had revenue of $211.36 million for the quarter, compared to analysts' expectations of $204.25 million. Mercury Systems had a negative net margin of 7.33% and a negative return on equity of 0.77%. The business's revenue for the quarter 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. Analysts expect that Mercury Systems Inc will post -0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MRCY. Truist Financial boosted their price objective on shares of Mercury Systems from $56.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. 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 research report on Wednesday, May 7th. 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 research report on Monday, May 12th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Mercury Systems from $48.00 to $56.00 and gave the company a "neutral" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $49.57.

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.