Segall Bryant & Hamill LLC Buys 1,946 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Segall Bryant & Hamill LLC grew its stake in Mercury Systems, Inc. (NASDAQ:MRCY) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,270,821 shares of the technology company’s stock after purchasing an additional 1,946 shares during the quarter. Mercury Systems makes up approximately 0.7% of Segall Bryant & Hamill LLC’s investment portfolio, making the stock its 16th largest holding. Segall Bryant & Hamill LLC owned approximately 2.13% of Mercury Systems worth $53,374,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MRCY. Mirae Asset Global Investments Co. Ltd. bought a new position in Mercury Systems during the 4th quarter worth $75,000. KBC Group NV raised its stake in Mercury Systems by 49.4% in the 4th 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. FMR LLC boosted its holdings in Mercury Systems by 46.5% in the 3rd quarter. FMR LLC now owns 3,067 shares of the technology company’s stock valued at $113,000 after purchasing an additional 974 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted 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 purchasing an additional 1,549 shares during the period. Finally, Cibc World Markets Corp acquired a new position in shares of Mercury Systems during the 4th quarter worth approximately $204,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

Analyst Upgrades and Downgrades

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

Mercury Systems Price Performance

MRCY stock opened at $46.59 on Tuesday. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of -29.87 and a beta of 0.80. 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 company has a 50 day simple moving average of $43.94 and a 200 day simple moving average of $40.32. Mercury Systems, Inc. has a 1 year low of $26.48 and a 1 year high of $52.25.

Mercury Systems (NASDAQ:MRCY) 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%. Research analysts anticipate that Mercury Systems, Inc. will post -0.08 EPS for the current fiscal year.

Insider Buying and Selling at Mercury Systems

In related news, CAO Douglas Munro sold 595 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 $26,251.40. Following the completion of the transaction, the chief accounting officer now owns 14,572 shares in the company, valued at $642,916.64. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction of $103,329.04. Following 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. Over the last three months, insiders sold 5,314 shares of company stock worth $234,454. 1.60% of the stock is currently owned by insiders.

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.