45,395 Shares in Mercury Systems, Inc. (NASDAQ:MRCY) Bought by Cerity Partners LLC

Cerity Partners LLC bought a new stake in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 45,395 shares of the technology company's stock, valued at approximately $1,660,000. Cerity Partners LLC owned about 0.08% of Mercury Systems as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. VisionPoint Advisory Group LLC lifted its holdings in Mercury Systems by 110.9% in the third quarter. VisionPoint Advisory Group LLC now owns 715 shares of the technology company's stock valued at $27,000 after acquiring an additional 376 shares during the period. Point72 Middle East FZE acquired a new position in Mercury Systems in the fourth quarter valued at approximately $35,000. Qube Research & Technologies Ltd acquired a new position in Mercury Systems in the third quarter valued at approximately $33,000. Captrust Financial Advisors lifted its holdings in Mercury Systems by 60.7% in the first quarter. Captrust Financial Advisors now owns 1,573 shares of the technology company's stock valued at $101,000 after acquiring an additional 594 shares during the period. Finally, Deutsche Bank AG lifted its holdings in Mercury Systems by 588.9% in the fourth quarter. Deutsche Bank AG now owns 2,177 shares of the technology company's stock valued at $97,000 after acquiring an additional 1,861 shares during the period. Hedge funds and other institutional investors own 95.99% of the company's stock.

Mercury Systems Price Performance

Shares of MRCY traded down $0.33 during trading hours on Friday, hitting $27.98. 390,263 shares of the stock were exchanged, compared to its average volume of 299,023. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.79 and a current ratio of 4.36. Mercury Systems, Inc. has a 12-month low of $25.31 and a 12-month high of $48.65. The company has a market cap of $1.66 billion, a price-to-earnings ratio of -18.78 and a beta of 0.70. The stock's 50-day moving average price is $28.98 and its two-hundred day moving average price is $32.62.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.48). Mercury Systems had a negative return on equity of 2.62% and a negative net margin of 9.54%. The firm had revenue of $197.46 million for the quarter, compared to analysts' expectations of $215.41 million. Research analysts expect that Mercury Systems, Inc. will post -1.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Jefferies Financial Group downgraded Mercury Systems from a "hold" rating to an "underperform" rating and decreased their price target for the company from $35.00 to $30.00 in a report on Wednesday, January 3rd. The Goldman Sachs Group reduced their target price on Mercury Systems from $24.00 to $21.00 and set a "sell" rating for the company in a research note on Thursday, February 8th. Truist Financial downgraded Mercury Systems from a "buy" rating to a "hold" rating and reduced their target price for the stock from $48.00 to $28.00 in a research note on Wednesday, February 7th. Finally, Royal Bank of Canada reduced their target price on Mercury Systems from $35.00 to $30.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 7th. Four investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $29.88.

Insider Buying and Selling

In other news, Director Barry R. Nearhos purchased 3,500 shares of the company's stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average cost of $27.15 per share, for a total transaction of $95,025.00. Following the completion of the transaction, the director now owns 3,500 shares of the company's stock, valued at $95,025. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO David E. Farnsworth bought 3,567 shares of the company's stock in a transaction on Friday, February 9th. The stock was bought at an average cost of $28.09 per share, for a total transaction of $100,197.03. Following the acquisition, the chief financial officer now directly owns 126,618 shares in the company, valued at $3,556,699.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Barry R. Nearhos bought 3,500 shares of the company's stock in a transaction on Friday, February 9th. The stock was bought at an average price of $27.15 per share, with a total value of $95,025.00. Following the completion of the acquisition, the director now owns 3,500 shares in the company, valued at $95,025. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 14,133 shares of company stock worth $398,311 and sold 3,510 shares worth $103,685. 1.80% of the stock is owned by company 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.