Tower Research Capital LLC TRC Has $74,000 Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Tower Research Capital LLC TRC cut its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 76.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,750 shares of the technology company's stock after selling 5,598 shares during the quarter. Tower Research Capital LLC TRC's holdings in Mercury Systems were worth $74,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MRCY. Sterling Capital Management LLC lifted its position in shares of Mercury Systems by 762.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company's stock worth $69,000 after acquiring an additional 1,449 shares during the period. Mirae Asset Global Investments Co. Ltd. bought 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% during the fourth quarter. KBC Group NV now owns 2,496 shares of the technology company's stock worth $105,000 after buying an additional 825 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Mercury Systems by 52.5% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,502 shares of the technology company's stock valued at $189,000 after buying an additional 1,549 shares during the period. Finally, Cibc World Markets Corp acquired a new position in shares of Mercury Systems in the 4th quarter valued at $204,000. 95.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on MRCY shares. Truist Financial raised shares of Mercury Systems from a "hold" rating to a "buy" rating and upped their target price for the company from $49.00 to $56.00 in a research note on Thursday, March 13th. Royal Bank of Canada increased their target price on Mercury Systems from $48.00 to $50.00 and gave the stock a "sector perform" rating in a report on Wednesday. The Goldman Sachs Group boosted 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. Robert W. Baird upgraded 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 note on Wednesday, February 5th. Finally, Baird R W upgraded 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 issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $46.00.

Insider Transactions at Mercury Systems

In other Mercury Systems news, EVP Stuart Kupinsky sold 2,377 shares of the company's stock in a transaction on 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 sale, the executive vice president now owns 62,834 shares in the company, valued at approximately $2,772,236.08. The trade was a 3.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jana Partners Management, Lp sold 88,152 shares of Mercury Systems stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $46.27, for a total value of $4,078,793.04. Following the sale, the director now directly owns 6,861,313 shares of the company's stock, valued at approximately $317,472,952.51. This trade represents a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,466 shares of company stock worth $4,313,247 over the last 90 days. 1.60% of the stock is owned by insiders.

Mercury Systems Stock Performance

Shares of NASDAQ:MRCY opened at $46.36 on Friday. The business has a fifty day moving average of $46.16 and a 200-day moving average of $42.87. The firm has a market cap of $2.77 billion, a PE ratio of -29.72 and a beta of 0.70. 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, Inc. has a twelve month low of $26.48 and a twelve month high of $52.25.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced its earnings results on Tuesday, May 6th. The technology company reported $0.06 earnings per share for the quarter, hitting analysts' consensus estimates of $0.06. Mercury Systems had a negative net margin of 10.23% and a negative return on equity of 2.03%. The company had revenue of $211.36 million during the quarter, compared to the consensus estimate of $204.25 million. During the same period in the previous year, the firm posted ($0.26) earnings per share. The company's revenue was up 1.5% on a year-over-year basis. On average, equities research analysts predict that Mercury Systems, Inc. will post -0.08 EPS 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.

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