Mercury Systems, Inc. (NASDAQ:MRCY) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 217.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 146,624 shares of the technology company's stock after acquiring an additional 100,404 shares during the period. JPMorgan Chase & Co. owned 0.25% of Mercury Systems worth $6,158,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Mercury Systems by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 5,550,610 shares of the technology company's stock worth $233,126,000 after acquiring an additional 41,324 shares during the period. Conestoga Capital Advisors LLC raised its position in Mercury Systems by 55.9% in the fourth quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company's stock worth $87,058,000 after acquiring an additional 743,552 shares during the period. Victory Capital Management Inc. increased its stake in shares of Mercury Systems by 16.7% in the fourth quarter. Victory Capital Management Inc. now owns 2,060,131 shares of the technology company's stock worth $86,526,000 after purchasing an additional 294,747 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Mercury Systems by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 673,224 shares of the technology company's stock worth $28,275,000 after purchasing an additional 14,391 shares in the last quarter. Finally, Fisher Asset Management LLC purchased a new position in shares of Mercury Systems in the fourth quarter worth about $16,601,000. Institutional investors own 95.99% of the company's stock.

Mercury Systems Price Performance

NASDAQ MRCY traded up $1.55 during trading on Wednesday, hitting $49.51. 47,157 shares of the stock traded hands, compared to its average volume of 577,683. The company has a market capitalization of $2.95 billion, a P/E ratio of -31.74 and a beta of 0.86. The firm has a 50-day simple moving average of $44.67 and a 200-day simple moving average of $41.61. The company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41. Mercury Systems, Inc. has a 12-month low of $26.48 and a 12-month high of $52.25.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Mercury Systems had a negative net margin of 10.23% and a negative return on equity of 2.03%. As a group, analysts predict that Mercury Systems, Inc. will post -0.08 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on MRCY shares. 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 price target on shares of Mercury Systems from $25.00 to $28.00 and gave the company a "sell" rating in a research report on Thursday, January 16th. Truist Financial upgraded shares of Mercury Systems from a "hold" rating to a "buy" rating and increased their target price for the stock from $49.00 to $56.00 in a report on Thursday, March 13th. Finally, Robert W. Baird upgraded shares of Mercury Systems from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $37.00 to $58.00 in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $43.86.

Insider Activity

In other Mercury Systems news, COO Charles Roger Iv Wells sold 2,342 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $103,329.04. Following the completion of the transaction, the chief operating officer now directly owns 95,928 shares of the company's stock, valued at approximately $4,232,343.36. This trade represents a 2.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Stuart Kupinsky sold 2,377 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total transaction of $104,873.24. Following the transaction, the executive vice president now directly owns 62,834 shares of the company's stock, valued at $2,772,236.08. This represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,314 shares of company stock worth $234,454. Corporate insiders own 1.60% of the company's stock.

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.