Mercury Systems, Inc. (NASDAQ:MRCY) Shares Acquired by First Trust Advisors LP

First Trust Advisors LP lifted its holdings in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 50.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 988,936 shares of the technology company's stock after buying an additional 333,109 shares during the period. First Trust Advisors LP owned about 1.66% of Mercury Systems worth $41,535,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MRCY. Conestoga Capital Advisors LLC lifted its position in shares of Mercury Systems by 55.9% during the 4th quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company's stock valued at $87,058,000 after acquiring an additional 743,552 shares during the period. Fisher Asset Management LLC acquired a new position in Mercury Systems during the fourth quarter worth $16,601,000. Victory Capital Management Inc. grew its holdings in 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 valued at $86,526,000 after purchasing an additional 294,747 shares during the last quarter. Kennedy Capital Management LLC increased its position in shares of Mercury Systems by 146.9% in the fourth quarter. Kennedy Capital Management LLC now owns 466,177 shares of the technology company's stock valued at $19,579,000 after buying an additional 277,355 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Mercury Systems by 471.3% during the 3rd quarter. Barclays PLC now owns 175,562 shares of the technology company's stock worth $6,496,000 after buying an additional 144,831 shares during the last quarter. 95.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Mercury Systems Trading Down 0.1 %

NASDAQ MRCY traded down $0.05 during trading hours on Tuesday, hitting $49.68. 57,151 shares of the company's stock were exchanged, compared to its average volume of 578,287. The business's 50 day moving average is $45.07 and its 200-day moving average is $42.02. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.36 and a current ratio of 3.62. 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 $2.96 billion, a P/E ratio of -31.91 and a beta of 0.86.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.08) earnings per share for the quarter, missing the consensus estimate 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, analysts anticipate that Mercury Systems, Inc. will post -0.08 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Charles Roger Iv Wells sold 2,342 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $103,329.04. Following the transaction, the chief operating officer now 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Douglas Munro sold 595 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $26,251.40. Following the completion of the sale, the chief accounting officer now owns 14,572 shares of the company's stock, valued at approximately $642,916.64. This represents a 3.92 % 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 valued at $234,454. 1.60% of the stock is currently owned by company insiders.

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.