Natixis Purchases Shares of 5,380 Mercury Systems, Inc. (NASDAQ:MRCY)

Natixis acquired a new position in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,380 shares of the technology company's stock, valued at approximately $226,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MRCY. Vanguard Group Inc. lifted its stake in shares of Mercury Systems by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,550,610 shares of the technology company's stock valued at $233,126,000 after purchasing an additional 41,324 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Mercury Systems by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,202,124 shares of the technology company's stock valued at $92,490,000 after purchasing an additional 52,725 shares in the last quarter. Conestoga Capital Advisors LLC raised its position in shares of Mercury Systems by 55.9% in 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 purchasing an additional 743,552 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Mercury Systems by 16.7% in the 4th 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 in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Mercury Systems by 50.8% in the 4th quarter. First Trust Advisors LP now owns 988,936 shares of the technology company's stock valued at $41,535,000 after purchasing an additional 333,109 shares in the last quarter. Hedge funds and other institutional investors own 95.99% of the company's stock.

Analyst Upgrades and Downgrades

MRCY has been the topic of a number of recent research reports. Truist Financial upgraded shares of Mercury Systems from a "hold" rating to a "buy" rating and raised their price target for the stock from $49.00 to $56.00 in a research report on Thursday, March 13th. Robert W. Baird upgraded shares of Mercury Systems from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $37.00 to $58.00 in a research report on Wednesday, February 5th. The Goldman Sachs Group boosted their price target on shares of Mercury Systems from $25.00 to $28.00 and gave the stock a "sell" rating in a research report on Thursday, January 16th. Finally, Baird R W raised shares of Mercury Systems from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Mercury Systems currently has an average rating of "Hold" and an average target price of $43.86.

Insider Activity

In related news, COO Charles Roger Iv Wells sold 2,342 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total transaction of $103,329.04. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Douglas Munro sold 595 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $26,251.40. Following the sale, the chief accounting officer now directly owns 14,572 shares of the company's stock, valued at approximately $642,916.64. The trade was a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,314 shares of company stock valued at $234,454 in the last ninety days. 1.60% of the stock is owned by insiders.

Mercury Systems Price Performance

Shares of NASDAQ:MRCY traded up $0.14 during trading on Wednesday, reaching $50.30. The stock had a trading volume of 63,668 shares, compared to its average volume of 578,714. Mercury Systems, Inc. has a 52 week low of $26.48 and a 52 week high of $52.25. The business's 50-day moving average price is $45.21 and its 200 day moving average price is $42.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.36. The stock has a market capitalization of $3.00 billion, a PE ratio of -32.24 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, equities analysts predict that Mercury Systems, Inc. will post -0.08 earnings per share for the current year.

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.