Mercury Systems, Inc. (NASDAQ:MRCY) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lowered its stake in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 28.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 296,908 shares of the technology company's stock after selling 119,334 shares during the quarter. Marshall Wace LLP owned 0.50% of Mercury Systems worth $12,470,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC grew its stake 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Mercury Systems during the fourth quarter worth $75,000. KBC Group NV grew its holdings in Mercury Systems by 49.4% in the 4th quarter. KBC Group NV now owns 2,496 shares of the technology company's stock valued at $105,000 after buying an additional 825 shares in the last quarter. FMR LLC increased its stake in shares of Mercury Systems by 46.5% in the 3rd quarter. FMR LLC now owns 3,067 shares of the technology company's stock worth $113,000 after acquiring an additional 974 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in Mercury Systems by 52.5% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,502 shares of the technology company's stock worth $189,000 after purchasing an additional 1,549 shares during the last quarter. 95.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mercury Systems

In other Mercury Systems news, COO Charles Roger Iv Wells sold 2,342 shares of the business'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 value of $103,329.04. Following the completion of the sale, the chief operating officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 owns 62,834 shares in the company, valued at approximately $2,772,236.08. This trade 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 sold 5,314 shares of company stock valued at $234,454. 1.60% of the stock is currently owned by corporate insiders.

Mercury Systems Stock Down 0.2 %

NASDAQ:MRCY traded down $0.08 during midday trading on Friday, reaching $49.75. The company had a trading volume of 401,517 shares, compared to its average volume of 581,443. Mercury Systems, Inc. has a 12-month low of $26.48 and a 12-month high of $52.25. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of -31.89 and a beta of 0.86. 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 stock's fifty day simple moving average is $44.96 and its 200-day simple moving average is $41.92.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share 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%. On average, sell-side analysts anticipate that Mercury Systems, Inc. will post -0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages 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 price target for the stock from $37.00 to $58.00 in a report on Wednesday, February 5th. The Goldman Sachs Group raised their price objective on 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 raised shares of Mercury Systems from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Finally, Truist Financial upgraded shares of Mercury Systems from a "hold" rating to a "buy" rating and lifted their price target for the company from $49.00 to $56.00 in a research report on Thursday, March 13th. One equities 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $43.86.

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.