5,730 Shares in Mercury Systems Inc (NASDAQ:MRCY) Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC bought a new stake in Mercury Systems Inc (NASDAQ:MRCY - Free Report) in the fourth quarter, according to its most recent 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 and other institutional investors also recently bought and sold shares of the company. Neo Ivy Capital Management bought a new stake in shares of Mercury Systems in the 4th quarter worth approximately $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 buying an additional 1,449 shares during the period. Cibc World Markets Corp bought a new stake in Mercury Systems in the fourth quarter valued at $204,000. Captrust Financial Advisors bought a new stake in Mercury Systems in the fourth quarter valued at $212,000. Finally, Centaurus Financial Inc. acquired a new position in shares of Mercury Systems during the fourth quarter valued at $212,000. 95.99% of the stock is currently owned by institutional investors and hedge funds.

Mercury Systems Price Performance

Shares of NASDAQ MRCY traded down $0.90 during mid-day trading on Friday, reaching $50.54. 353,811 shares of the company traded hands, compared to its average volume of 596,009. Mercury Systems Inc has a fifty-two week low of $26.48 and a fifty-two week high of $54.32. The firm has a market cap of $3.02 billion, a PE ratio of -45.18 and a beta of 0.68. The stock has a fifty day simple moving average of $49.09 and a 200-day simple moving average of $45.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.44 and a quick ratio of 2.25.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $211.36 million for the quarter, compared to analysts' expectations of $204.25 million. Mercury Systems had a negative return on equity of 0.77% and a negative net margin of 7.33%. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm earned ($0.26) EPS. Equities research analysts anticipate that Mercury Systems Inc will post -0.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Steven Ratner sold 3,892 shares of the business's stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jana Partners Management, Lp sold 88,152 shares of the firm's stock in a transaction that occurred 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 transaction, the director now directly owns 6,861,313 shares of the company's stock, valued at $317,472,952.51. This represents a 1.27% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,883 shares of company stock worth $4,362,791. 1.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MRCY shares. Royal Bank Of Canada lifted 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. JPMorgan Chase & Co. boosted their price objective on Mercury Systems from $48.00 to $56.00 and gave the stock a "neutral" rating in a research report on Monday. The Goldman Sachs Group increased their price objective on Mercury Systems from $30.00 to $33.00 and gave the stock a "sell" rating in a report on Monday, May 12th. Finally, Truist Financial lifted their target price on Mercury Systems from $56.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $49.57.

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.