Russell Investments Group Ltd. Grows Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Russell Investments Group Ltd. raised its holdings in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 156,480.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,658 shares of the technology company's stock after acquiring an additional 15,648 shares during the period. Russell Investments Group Ltd.'s holdings in Mercury Systems were worth $658,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in shares of Mercury Systems by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 245,880 shares of the technology company's stock worth $10,327,000 after buying an additional 7,512 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Mercury Systems by 16.7% during the 4th quarter. Victory Capital Management Inc. now owns 2,060,131 shares of the technology company's stock worth $86,526,000 after buying an additional 294,747 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Mercury Systems by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 5,550,610 shares of the technology company's stock worth $233,126,000 after buying an additional 41,324 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Mercury Systems by 35.1% during the 4th quarter. Van ECK Associates Corp now owns 297,109 shares of the technology company's stock worth $12,479,000 after purchasing an additional 77,254 shares during the period. Finally, Zions Bancorporation N.A. boosted its position in shares of Mercury Systems by 14.4% during the 4th quarter. Zions Bancorporation N.A. now owns 50,159 shares of the technology company's stock worth $2,107,000 after purchasing an additional 6,325 shares during the period. Institutional investors and hedge funds own 95.99% of the company's stock.

Insider Activity

In other news, EVP Stuart Kupinsky sold 2,377 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $104,873.24. Following the transaction, the executive vice president now owns 62,834 shares in the company, valued at approximately $2,772,236.08. This represents a 3.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Charles Roger Iv Wells sold 2,342 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $103,329.04. Following the completion of the transaction, the chief operating officer now owns 95,928 shares in the company, valued at approximately $4,232,343.36. The trade was a 2.38 % 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 worth $234,454. 1.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MRCY. The Goldman Sachs Group increased their price objective 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. Truist Financial raised shares of Mercury Systems from a "hold" rating to a "buy" rating and increased their price objective for the stock from $49.00 to $56.00 in a research report on Thursday, March 13th. Robert W. Baird raised shares of Mercury Systems from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $37.00 to $58.00 in a research report on Wednesday, February 5th. Finally, Baird R W raised shares of Mercury Systems from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $43.86.

Mercury Systems Stock Down 0.0 %

NASDAQ MRCY traded down $0.02 during trading hours on Monday, hitting $49.73. 306,694 shares of the company were exchanged, compared to its average volume of 580,344. The company has a 50 day moving average of $45.07 and a two-hundred day moving average of $42.02. The company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41. Mercury Systems, Inc. has a 52-week low of $26.48 and a 52-week high of $52.25. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of -31.88 and a beta of 0.86.

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 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%. Equities research analysts anticipate that Mercury Systems, Inc. will post -0.08 earnings per share for the current year.

Mercury Systems 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.