Invesco Ltd. Boosts Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Invesco Ltd. boosted its holdings in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 6.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 631,961 shares of the technology company's stock after purchasing an additional 37,847 shares during the period. Invesco Ltd. owned about 1.06% of Mercury Systems worth $26,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the stock. Bank of Montreal Can lifted its holdings in Mercury Systems by 5.0% during the fourth quarter. Bank of Montreal Can now owns 10,984 shares of the technology company's stock valued at $461,000 after purchasing an additional 519 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Mercury Systems by 156,480.0% in the 4th quarter. Russell Investments Group Ltd. now owns 15,658 shares of the technology company's stock worth $658,000 after buying an additional 15,648 shares during the last quarter. Wells Fargo & Company MN increased its stake in Mercury Systems by 12.7% during the 4th quarter. Wells Fargo & Company MN now owns 44,685 shares of the technology company's stock worth $1,877,000 after buying an additional 5,038 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Mercury Systems by 217.2% during the fourth quarter. JPMorgan Chase & Co. now owns 146,624 shares of the technology company's stock valued at $6,158,000 after acquiring an additional 100,404 shares during the last quarter. Finally, Zions Bancorporation N.A. lifted its position in shares of Mercury Systems by 14.4% in the fourth quarter. Zions Bancorporation N.A. now owns 50,159 shares of the technology company's stock valued at $2,107,000 after acquiring an additional 6,325 shares in the last quarter. Institutional investors and hedge funds own 95.99% of the company's stock.

Analyst Ratings Changes

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

Mercury Systems Trading Up 2.1 %

Shares of MRCY traded up $1.02 during trading on Thursday, reaching $49.08. 89,419 shares of the company traded hands, compared to its average volume of 578,612. The stock has a 50-day simple moving average of $44.75 and a 200-day simple moving average of $41.66. The stock has a market cap of $2.93 billion, a PE ratio of -31.45 and a beta of 0.86. Mercury Systems, Inc. has a twelve month low of $26.48 and a twelve month 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 released its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.08) 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%. On average, analysts anticipate that Mercury Systems, Inc. will post -0.08 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Charles Roger Iv Wells sold 2,342 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was 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. The trade was a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Douglas Munro sold 595 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 $26,251.40. Following the completion of the sale, the chief accounting officer now directly owns 14,572 shares in the company, valued at approximately $642,916.64. This trade represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,314 shares of company stock worth $234,454 in the last ninety days. 1.60% of the stock is owned by corporate insiders.

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.