Hunter Perkins Capital Management LLC Sells 3,415 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Hunter Perkins Capital Management LLC decreased its holdings in Mercury Systems, Inc. (NASDAQ:MRCY) by 13.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,856 shares of the technology company’s stock after selling 3,415 shares during the period. Hunter Perkins Capital Management LLC’s holdings in Mercury Systems were worth $809,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC raised its position in Mercury Systems by 1,126.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock worth $31,000 after buying an additional 1,070 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Mercury Systems by 216.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock valued at $64,000 after acquiring an additional 1,622 shares during the period. nVerses Capital LLC bought a new position in shares of Mercury Systems during the 2nd quarter valued at approximately $81,000. Quest Partners LLC increased its holdings in Mercury Systems by 10,995.5% in the 2nd quarter. Quest Partners LLC now owns 4,882 shares of the technology company’s stock worth $132,000 after acquiring an additional 4,838 shares in the last quarter. Finally, Headlands Technologies LLC raised its stake in Mercury Systems by 625.7% during the 2nd quarter. Headlands Technologies LLC now owns 5,726 shares of the technology company’s stock worth $155,000 after acquiring an additional 4,937 shares during the period. 95.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MRCY shares. Royal Bank of Canada increased their price objective on shares of Mercury Systems from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 14th. StockNews.com upgraded Mercury Systems from a “sell” rating to a “hold” rating in a research note on Saturday, October 5th. Alembic Global Advisors upgraded Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 target price for the company in a research report on Monday, August 19th. Truist Financial boosted their price target on Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Mercury Systems from $26.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $33.50.

Insider Activity at Mercury Systems

In other Mercury Systems news, CEO William L. Ballhaus sold 6,549 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $39.49, for a total transaction of $258,620.01. Following the transaction, the chief executive officer now directly owns 353,481 shares of the company’s stock, valued at $13,958,964.69. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO William L. Ballhaus sold 6,549 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $39.49, for a total transaction of $258,620.01. Following the completion of the transaction, the chief executive officer now directly owns 353,481 shares in the company, valued at approximately $13,958,964.69. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Debora A. Plunkett sold 1,843 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $38.07, for a total transaction of $70,163.01. Following the transaction, the director now directly owns 11,339 shares of the company’s stock, valued at approximately $431,675.73. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,099 shares of company stock valued at $865,740. 1.80% of the stock is owned by company insiders.

Mercury Systems Stock Performance

NASDAQ MRCY traded down $0.01 during trading hours on Wednesday, reaching $35.98. The stock had a trading volume of 80,936 shares, compared to its average volume of 592,820. Mercury Systems, Inc. has a 52-week low of $25.31 and a 52-week high of $42.72. The stock has a fifty day moving average of $36.92 and a 200 day moving average of $32.53. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.64 and a current ratio of 4.07. The stock has a market cap of $2.14 billion, a P/E ratio of -15.39 and a beta of 0.70.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, August 13th. The technology company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.32. The company had revenue of $248.56 million during the quarter, compared to analysts’ expectations of $223.80 million. Mercury Systems had a negative return on equity of 4.92% and a negative net margin of 16.48%. Sell-side analysts predict that Mercury Systems, Inc. will post -0.52 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.