XTX Topco Ltd Sells 15,107 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

XTX Topco Ltd trimmed its holdings in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 65.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,060 shares of the technology company's stock after selling 15,107 shares during the quarter. XTX Topco Ltd's holdings in Mercury Systems were worth $339,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Sterling Capital Management LLC raised its stake in shares of Mercury Systems by 762.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company's stock valued at $69,000 after acquiring an additional 1,449 shares in the last quarter. Principal Financial Group Inc. increased its position in 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 purchasing an additional 7,512 shares in the last quarter. Victory Capital Management Inc. increased its position in Mercury Systems by 16.7% during the fourth quarter. Victory Capital Management Inc. now owns 2,060,131 shares of the technology company's stock worth $86,526,000 after purchasing an additional 294,747 shares during the last quarter. Vanguard Group Inc. lifted 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 valued at $233,126,000 after acquiring an additional 41,324 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Mercury Systems by 35.1% in the fourth quarter. Van ECK Associates Corp now owns 297,109 shares of the technology company's stock valued at $12,479,000 after purchasing an additional 77,254 shares during the period. Institutional investors and hedge funds own 95.99% of the company's stock.

Mercury Systems Trading Up 0.4 %

NASDAQ MRCY traded up $0.18 during mid-day trading on Tuesday, reaching $49.91. 41,040 shares of the stock were exchanged, compared to its average volume of 578,212. The stock has a 50 day simple moving average of $45.07 and a 200-day simple moving average of $42.02. Mercury Systems, Inc. has a one year low of $26.48 and a one year high of $52.25. 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 cap of $2.98 billion, a P/E ratio of -31.98 and a beta of 0.86.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced 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, analysts anticipate that Mercury Systems, Inc. will post -0.08 EPS for the current year.

Insider Activity at Mercury Systems

In other news, EVP Stuart Kupinsky sold 2,377 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 trade represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Charles Roger Iv Wells sold 2,342 shares of Mercury Systems 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 $103,329.04. Following the completion of the sale, the chief operating officer now owns 95,928 shares in the company, valued at approximately $4,232,343.36. This represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,314 shares of company stock worth $234,454. Corporate insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MRCY shares. The Goldman Sachs Group upped their price objective on Mercury Systems from $25.00 to $28.00 and gave the stock 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. Robert W. Baird raised Mercury Systems from a "neutral" rating to an "outperform" rating and raised their price target for the company from $37.00 to $58.00 in a research report on Wednesday, February 5th. Finally, 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 note on Thursday, March 13th. 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $43.86.

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.