Mercury Systems, Inc. (NASDAQ:MRCY) Shares Acquired by LPL Financial LLC

LPL Financial LLC lifted its stake in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 11.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,746 shares of the technology company's stock after buying an additional 5,388 shares during the quarter. LPL Financial LLC owned approximately 0.09% of Mercury Systems worth $2,261,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. KLP Kapitalforvaltning AS bought a new position in shares of Mercury Systems in the 4th quarter valued at about $504,000. Sei Investments Co. boosted its holdings in shares of Mercury Systems by 10.0% in the 4th quarter. Sei Investments Co. now owns 144,186 shares of the technology company's stock worth $6,056,000 after purchasing an additional 13,103 shares during the period. Cibc World Markets Corp bought a new position in shares of Mercury Systems during the 4th quarter valued at approximately $204,000. Corient Private Wealth LLC raised its holdings in Mercury Systems by 4.0% during the 4th quarter. Corient Private Wealth LLC now owns 6,858 shares of the technology company's stock valued at $288,000 after buying an additional 266 shares during the period. Finally, Royce & Associates LP boosted its stake in Mercury Systems by 18.7% during the fourth quarter. Royce & Associates LP now owns 262,659 shares of the technology company's stock worth $11,032,000 after buying an additional 41,380 shares during the period. Hedge funds and other institutional investors own 95.99% of the company's stock.

Mercury Systems Trading Up 0.5 %

NASDAQ:MRCY traded up $0.25 during midday trading on Friday, hitting $47.96. The stock had a trading volume of 933,657 shares, compared to its average volume of 579,397. The stock has a 50-day moving average of $44.60 and a 200 day moving average of $41.47. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of -30.74 and a beta of 0.86. Mercury Systems, Inc. has a one year low of $26.48 and a one year high of $52.25. 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 (NASDAQ:MRCY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.04). Mercury Systems had a negative return on equity of 2.03% and a negative net margin of 10.23%. As a group, sell-side analysts forecast that Mercury Systems, Inc. will post -0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MRCY. Robert W. Baird upgraded shares of Mercury Systems from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $37.00 to $58.00 in a report on Wednesday, February 5th. The Goldman Sachs Group increased their price objective on shares of Mercury Systems from $25.00 to $28.00 and gave the stock a "sell" rating in a research report on Thursday, January 16th. Baird R W upgraded Mercury Systems from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Finally, Truist Financial raised Mercury Systems from a "hold" rating to a "buy" rating and upped their target price for the company from $49.00 to $56.00 in a research note on Thursday, March 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $43.86.

Insider Activity

In other Mercury Systems news, EVP Stuart Kupinsky sold 2,377 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 value of $104,873.24. Following the completion of the sale, the executive vice president now directly owns 62,834 shares in the company, valued at $2,772,236.08. This trade represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Charles Roger Iv Wells sold 2,342 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $103,329.04. Following the transaction, the chief operating officer now directly owns 95,928 shares in the company, valued at approximately $4,232,343.36. The trade was a 2.38 % 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.

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.