Mercury Systems, Inc. (NASDAQ:MRCY) Stock Position Lifted by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC boosted its holdings in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 13.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,450,459 shares of the technology company's stock after buying an additional 288,973 shares during the quarter. Conestoga Capital Advisors LLC owned 4.13% of Mercury Systems worth $89,613,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MRCY. JPMorgan Chase & Co. raised its position in Mercury Systems by 10.7% during the 1st quarter. JPMorgan Chase & Co. now owns 85,186 shares of the technology company's stock worth $5,490,000 after buying an additional 8,264 shares during the last quarter. US Bancorp DE increased its holdings in shares of Mercury Systems by 32.5% during the 1st quarter. US Bancorp DE now owns 7,765 shares of the technology company's stock valued at $500,000 after purchasing an additional 1,904 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Mercury Systems by 79.7% during the 1st quarter. Bank of Montreal Can now owns 13,937 shares of the technology company's stock valued at $919,000 after purchasing an additional 6,182 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Mercury Systems by 33.6% during the 1st quarter. MetLife Investment Management LLC now owns 36,688 shares of the technology company's stock valued at $2,365,000 after purchasing an additional 9,237 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Mercury Systems by 14.9% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,343 shares of the technology company's stock valued at $1,504,000 after purchasing an additional 3,032 shares in the last quarter. 95.99% of the stock is owned by hedge funds and other institutional investors.

Mercury Systems Trading Down 2.3 %

Shares of MRCY stock traded down $0.68 on Wednesday, hitting $28.61. 311,541 shares of the stock traded hands, compared to its average volume of 560,164. The firm's 50-day moving average price is $29.13 and its two-hundred day moving average price is $33.06. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.79 and a current ratio of 4.36. The stock has a market capitalization of $1.70 billion, a PE ratio of -19.66 and a beta of 0.70. Mercury Systems, Inc. has a twelve month low of $25.31 and a twelve month high of $52.95.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The technology company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.48). The firm had revenue of $197.46 million for the quarter, compared to analyst estimates of $215.41 million. Mercury Systems had a negative net margin of 9.54% and a negative return on equity of 2.62%. As a group, analysts anticipate that Mercury Systems, Inc. will post -1.36 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Truist Financial lowered shares of Mercury Systems from a "buy" rating to a "hold" rating and cut their target price for the company from $48.00 to $28.00 in a report on Wednesday, February 7th. Royal Bank of Canada cut their price target on shares of Mercury Systems from $35.00 to $30.00 and set a "sector perform" rating for the company in a report on Wednesday, February 7th. The Goldman Sachs Group cut their price target on shares of Mercury Systems from $24.00 to $21.00 and set a "sell" rating for the company in a report on Thursday, February 8th. Finally, Jefferies Financial Group lowered shares of Mercury Systems from a "hold" rating to an "underperform" rating and cut their price target for the stock from $35.00 to $30.00 in a report on Wednesday, January 3rd. Four analysts have rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, Mercury Systems has an average rating of "Hold" and a consensus price target of $29.88.

Insider Activity at Mercury Systems

In related news, EVP Stephanie Georges sold 1,409 shares of the business's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $29.57, for a total value of $41,664.13. Following the sale, the executive vice president now directly owns 38,319 shares in the company, valued at approximately $1,133,092.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Mercury Systems news, Director Barry R. Nearhos purchased 3,500 shares of the business's stock in a transaction on Friday, February 9th. The shares were bought at an average cost of $27.15 per share, for a total transaction of $95,025.00. Following the completion of the purchase, the director now directly owns 3,500 shares of the company's stock, valued at $95,025. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stephanie Georges sold 1,409 shares of the business's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $29.57, for a total transaction of $41,664.13. Following the sale, the executive vice president now owns 38,319 shares in the company, valued at $1,133,092.83. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 14,133 shares of company stock worth $398,311 and have sold 3,510 shares worth $103,685. 1.80% of the stock is owned by 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.