Mercury Systems, Inc. (NASDAQ:MRCY) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its position in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,800,182 shares of the technology company's stock after purchasing an additional 27,488 shares during the quarter. Victory Capital Management Inc. owned approximately 3.04% of Mercury Systems worth $65,833,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Raymond James & Associates grew its stake in Mercury Systems by 0.6% in the 3rd quarter. Raymond James & Associates now owns 115,989 shares of the technology company's stock valued at $4,302,000 after buying an additional 657 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in Mercury Systems by 6.7% in the third quarter. New York State Teachers Retirement System now owns 61,611 shares of the technology company's stock worth $2,285,000 after buying an additional 3,887 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Mercury Systems by 19.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,059 shares of the technology company's stock worth $410,000 after buying an additional 1,782 shares during the period. Washington Capital Management Inc. bought a new position in shares of Mercury Systems during the third quarter valued at approximately $345,000. Finally, Cambiar Investors LLC increased its stake in shares of Mercury Systems by 7.0% during the third quarter. Cambiar Investors LLC now owns 271,880 shares of the technology company's stock valued at $10,084,000 after purchasing an additional 17,890 shares in the last quarter. 95.99% of the stock is owned by institutional investors.

Mercury Systems Stock Performance

MRCY traded down $0.30 on Friday, reaching $29.04. The stock had a trading volume of 546,852 shares, compared to its average volume of 341,203. Mercury Systems, Inc. has a 12-month low of $25.31 and a 12-month high of $43.84. The company has a current ratio of 4.36, a quick ratio of 2.79 and a debt-to-equity ratio of 0.41. The business's 50-day moving average price is $28.84 and its two-hundred day moving average price is $31.92. The company has a market cap of $1.72 billion, a P/E ratio of -19.49 and a beta of 0.68.

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

Insider Buying and Selling

In other Mercury Systems 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 transaction, the executive vice president now directly owns 38,319 shares in the company, valued at approximately $1,133,092.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mercury Systems news, Director Barry R. Nearhos bought 3,500 shares of the business's stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average cost of $27.15 per share, with a total value of $95,025.00. Following the purchase, the director now directly owns 3,500 shares in the company, valued at $95,025. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephanie Georges sold 1,409 shares of the company's stock in a transaction that occurred on 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 directly owns 38,319 shares in the company, valued at $1,133,092.83. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 14,133 shares of company stock worth $398,311 and have sold 3,510 shares worth $103,685. 1.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MRCY shares. Truist Financial downgraded shares of Mercury Systems from a "buy" rating to a "hold" rating and reduced their price target for the company from $48.00 to $28.00 in a research report on Wednesday, February 7th. The Goldman Sachs Group cut their target price on shares of Mercury Systems from $24.00 to $21.00 and set a "sell" rating for the company in a research report on Thursday, February 8th. Finally, Royal Bank of Canada dropped their price target on shares of Mercury Systems from $35.00 to $30.00 and set a "sector perform" rating on the stock in a research note on Wednesday, February 7th. Four investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, Mercury Systems presently has an average rating of "Hold" and an average target price of $29.88.

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.