Mercury Systems, Inc. (NASDAQ:MRCY) is Mesirow Institutional Investment Management Inc.'s 3rd Largest Position

Mesirow Institutional Investment Management Inc. boosted its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 14.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 500,831 shares of the technology company's stock after purchasing an additional 64,283 shares during the period. Mercury Systems comprises 1.6% of Mesirow Institutional Investment Management Inc.'s holdings, making the stock its 3rd largest position. Mesirow Institutional Investment Management Inc. owned approximately 0.84% of Mercury Systems worth $21,035,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MRCY. Natixis acquired a new stake in shares of Mercury Systems in the fourth quarter valued at about $226,000. Dimensional Fund Advisors LP increased its holdings in Mercury Systems by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,202,124 shares of the technology company's stock worth $92,490,000 after buying an additional 52,725 shares during the last quarter. First Trust Advisors LP raised its position in Mercury Systems by 50.8% during the fourth quarter. First Trust Advisors LP now owns 988,936 shares of the technology company's stock worth $41,535,000 after acquiring an additional 333,109 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Mercury Systems in the fourth quarter valued at $323,000. Finally, PEAK6 LLC acquired a new position in shares of Mercury Systems during the 4th quarter worth about $1,219,000. Institutional investors and hedge funds own 95.99% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MRCY. Truist Financial upgraded Mercury Systems from a "hold" rating to a "buy" rating and lifted their price target for the stock from $49.00 to $56.00 in a report on Thursday, March 13th. The Goldman Sachs Group raised their target price on shares of Mercury Systems from $25.00 to $28.00 and gave the stock a "sell" rating in a research note on Thursday, January 16th. Baird R W raised shares of Mercury Systems from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Finally, Robert W. Baird upgraded 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 research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Mercury Systems has a consensus rating of "Hold" and a consensus target price of $43.86.

Insider Activity

In other news, COO Charles Roger Iv Wells sold 2,342 shares of the company's stock in a transaction dated 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 represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Stuart Kupinsky sold 2,377 shares of Mercury Systems stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $104,873.24. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 5,314 shares of company stock valued at $234,454 over the last quarter. Company insiders own 1.60% of the company's stock.

Mercury Systems Price Performance

MRCY stock traded down $0.37 during mid-day trading on Friday, hitting $49.46. The stock had a trading volume of 187,228 shares, compared to its average volume of 579,096. Mercury Systems, Inc. has a 52 week low of $26.48 and a 52 week high of $52.25. The firm has a fifty day simple moving average of $44.85 and a 200 day simple moving average of $41.75. 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 firm has a market capitalization of $2.95 billion, a P/E ratio of -31.76 and a beta of 0.86.

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 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, research analysts forecast that Mercury Systems, Inc. will post -0.08 EPS for the current year.

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.