Snyder Capital Management L P Sells 78,696 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Snyder Capital Management L P lessened its stake in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,165,119 shares of the technology company's stock after selling 78,696 shares during the period. Snyder Capital Management L P owned about 1.95% of Mercury Systems worth $48,935,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Sterling Capital Management LLC boosted its stake in Mercury Systems by 762.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company's stock valued at $69,000 after buying an additional 1,449 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Mercury Systems in the fourth quarter worth $75,000. KBC Group NV boosted its stake in Mercury Systems by 49.4% in the fourth quarter. KBC Group NV now owns 2,496 shares of the technology company's stock worth $105,000 after purchasing an additional 825 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Mercury Systems by 52.5% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,502 shares of the technology company's stock worth $189,000 after purchasing an additional 1,549 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new position in Mercury Systems in the fourth quarter worth $204,000. Institutional investors and hedge funds own 95.99% of the company's stock.

Analysts Set New Price Targets

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

Mercury Systems Trading Up 0.2 %

Shares of Mercury Systems stock traded up $0.12 during trading hours on Wednesday, hitting $50.28. The company's stock had a trading volume of 109,049 shares, compared to its average volume of 578,924. Mercury Systems, Inc. has a 12 month low of $26.48 and a 12 month high of $52.25. The stock has a 50 day moving average of $45.21 and a 200 day moving average of $42.07. The company has a market capitalization of $3.00 billion, a PE ratio of -32.23 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.36.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.04). Mercury Systems had a negative net margin of 10.23% and a negative return on equity of 2.03%. Analysts predict that Mercury Systems, Inc. will post -0.08 earnings per share for the current year.

Insider Buying and Selling at Mercury Systems

In related news, CAO Douglas Munro sold 595 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 $26,251.40. Following the completion of the sale, the chief accounting officer now owns 14,572 shares of the company's stock, valued at $642,916.64. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Stuart Kupinsky sold 2,377 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total transaction of $104,873.24. Following the sale, the executive vice president now directly owns 62,834 shares of the company's stock, valued at $2,772,236.08. This represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,314 shares of company stock worth $234,454 over the last ninety days. Insiders own 1.60% of the company's stock.

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.