Mercury Systems, Inc. (NASDAQ:MRCY) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,765,384 shares of the technology company’s stock after selling 48,314 shares during the quarter. Victory Capital Management Inc.’s holdings in Mercury Systems were worth $65,319,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC grew its holdings in Mercury Systems by 144.0% in the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock valued at $25,000 after buying an additional 393 shares during the period. Nisa Investment Advisors LLC grew its holdings in Mercury Systems by 1,126.3% in the second quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock valued at $31,000 after purchasing an additional 1,070 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its position in Mercury Systems by 216.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock worth $64,000 after purchasing an additional 1,622 shares during the last quarter. Covestor Ltd raised its stake in Mercury Systems by 41.2% during the third quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock worth $78,000 after purchasing an additional 620 shares during the period. Finally, nVerses Capital LLC purchased a new stake in shares of Mercury Systems during the 2nd quarter valued at $81,000. 95.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Truist Financial upped their price objective on Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a report on Wednesday, August 14th. StockNews.com lowered Mercury Systems from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Royal Bank of Canada boosted their target price on Mercury Systems from $30.00 to $35.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 14th. JPMorgan Chase & Co. raised their price target on shares of Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Alembic Global Advisors raised shares of Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price target on the stock in a research report on Monday, August 19th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $35.50.

Mercury Systems Stock Performance

Mercury Systems stock opened at $40.84 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 4.10. Mercury Systems, Inc. has a one year low of $25.31 and a one year high of $44.63. The stock’s 50 day moving average price is $36.55 and its 200 day moving average price is $33.68. The firm has a market capitalization of $2.44 billion, a PE ratio of -20.88 and a beta of 0.71.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, August 13th. The technology company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.32. The business had revenue of $248.56 million during the quarter, compared to the consensus estimate of $223.80 million. Mercury Systems had a negative net margin of 13.80% and a negative return on equity of 3.96%. As a group, sell-side analysts expect that Mercury Systems, Inc. will post -0.3 EPS for the current fiscal year.

Insider Buying and Selling at Mercury Systems

In related news, EVP Stephanie Georges sold 1,340 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $39.49, for a total value of $52,916.60. Following the transaction, the executive vice president now owns 32,259 shares in the company, valued at approximately $1,273,907.91. The trade was a 3.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Steven Ratner sold 3,891 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $38.41, for a total value of $149,453.31. Following the sale, the executive vice president now owns 60,079 shares of the company’s stock, valued at approximately $2,307,634.39. This trade represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,099 shares of company stock valued at $865,740 in the last ninety days. Insiders own 1.60% of the company’s stock.

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.