Fisher Asset Management LLC Purchases New Stake in Mercury Systems, Inc. (NASDAQ:MRCY)

Fisher Asset Management LLC purchased a new stake in Mercury Systems, Inc. (NASDAQ:MRCY) during the 4th quarter, Holdings Channel.com reports. The fund purchased 395,265 shares of the technology company’s stock, valued at approximately $16,601,000.

Several other large investors also recently bought and sold shares of MRCY. Conestoga Capital Advisors LLC grew its position in Mercury Systems by 55.9% in the fourth quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company’s stock valued at $87,058,000 after acquiring an additional 743,552 shares in the last quarter. Barclays PLC grew its position in Mercury Systems by 471.3% in the third quarter. Barclays PLC now owns 175,562 shares of the technology company’s stock valued at $6,496,000 after acquiring an additional 144,831 shares in the last quarter. Van ECK Associates Corp grew its position in 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 acquiring an additional 77,254 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Mercury Systems in the third quarter valued at approximately $2,831,000. Finally, Bouvel Investment Partners LLC acquired a new stake in Mercury Systems in the fourth quarter valued at approximately $1,307,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on MRCY shares. JPMorgan Chase & Co. increased their price objective on shares of Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Jefferies Financial Group raised shares of Mercury Systems from an “underperform” rating to a “hold” rating and increased their price objective for the company from $30.00 to $42.00 in a research report on Monday, November 11th. Truist Financial raised their price target on shares of Mercury Systems from $35.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. 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. Finally, Robert W. Baird raised shares of Mercury Systems from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $37.00 to $58.00 in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Mercury Systems has an average rating of “Hold” and an average target price of $42.14.

Insider Activity at Mercury Systems

In other Mercury Systems news, EVP Stuart Kupinsky sold 2,377 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $104,873.24. Following the sale, the executive vice president now directly owns 62,834 shares in the company, valued at approximately $2,772,236.08. The trade was a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Douglas Munro sold 595 shares of the business’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 $26,251.40. Following the completion of the sale, the chief accounting officer now owns 14,572 shares in the company, valued at approximately $642,916.64. This trade represents a 3.92 % decrease in their ownership of the stock. 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. 1.60% of the stock is currently owned by corporate insiders.

Mercury Systems Stock Performance

MRCY stock opened at $43.61 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.36 and a current ratio of 3.62. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of -27.96 and a beta of 0.79. Mercury Systems, Inc. has a 1 year low of $26.48 and a 1 year high of $52.25. The stock’s fifty day moving average is $43.17 and its two-hundred day moving average is $39.60.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.08) earnings per share 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%. On average, research analysts predict that Mercury Systems, Inc. will post -0.08 EPS for the current 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.