Peak6 LLC Acquires Shares of 29,015 Mercury Systems, Inc. (NASDAQ:MRCY)

PEAK6 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 disclosure with the Securities and Exchange Commission (SEC). The fund bought 29,015 shares of the technology company's stock, valued at approximately $1,219,000.

Several other institutional investors have also recently made changes to their positions in the stock. Corient Private Wealth LLC grew its stake in Mercury Systems by 4.0% in the fourth quarter. Corient Private Wealth LLC now owns 6,858 shares of the technology company's stock valued at $288,000 after acquiring an additional 266 shares during the period. Ironwood Investment Management LLC increased its stake in Mercury Systems by 0.7% during the 4th quarter. Ironwood Investment Management LLC now owns 40,994 shares of the technology company's stock valued at $1,722,000 after purchasing an additional 300 shares in the last quarter. Bank of Montreal Can raised its holdings in Mercury Systems by 5.0% during the fourth quarter. Bank of Montreal Can now owns 10,984 shares of the technology company's stock worth $461,000 after buying an additional 519 shares during the last quarter. Johnson Investment Counsel Inc. grew its holdings in shares of Mercury Systems by 9.1% during the fourth quarter. Johnson Investment Counsel Inc. now owns 6,641 shares of the technology company's stock valued at $279,000 after buying an additional 555 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Mercury Systems by 49.4% in the 4th quarter. KBC Group NV now owns 2,496 shares of the technology company's stock worth $105,000 after acquiring an additional 825 shares during the last quarter. Institutional investors and hedge funds own 95.99% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity at Mercury Systems

In other news, EVP Stuart Kupinsky sold 2,377 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 $104,873.24. Following the completion of the transaction, the executive vice president now directly owns 62,834 shares of the company's stock, valued at approximately $2,772,236.08. This represents a 3.65 % 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, CAO Douglas Munro sold 595 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $26,251.40. Following the transaction, the chief accounting officer now owns 14,572 shares in the company, valued at approximately $642,916.64. This represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,314 shares of company stock valued at $234,454. Insiders own 1.60% of the company's stock.

Mercury Systems Price Performance

Mercury Systems stock traded down $0.37 during mid-day trading on Friday, hitting $49.47. 110,517 shares of the company traded hands, compared to its average volume of 578,844. Mercury Systems, Inc. has a one year low of $26.48 and a one year high of $52.25. The stock has a fifty day moving average price of $44.85 and a 200-day moving average price of $41.75. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of -31.68 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.36 and a current ratio of 3.62.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (EPS) 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%. On average, equities analysts predict that Mercury Systems, Inc. will post -0.08 earnings per share for the current fiscal year.

Mercury Systems Company 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.