Blair William & Co. IL Sells 41,408 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Blair William & Co. IL lessened its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 34.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 77,271 shares of the technology company’s stock after selling 41,408 shares during the period. Blair William & Co. IL’s holdings in Mercury Systems were worth $2,086,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MRCY. Norges Bank bought a new stake in Mercury Systems during the fourth quarter worth $13,294,000. Westwood Holdings Group Inc. raised its holdings in shares of Mercury Systems by 14.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,554,166 shares of the technology company’s stock valued at $45,848,000 after purchasing an additional 199,600 shares during the period. Roubaix Capital LLC acquired a new stake in Mercury Systems in the 2nd quarter valued at about $3,684,000. Jane Street Group LLC grew its holdings in Mercury Systems by 102.6% during the first quarter. Jane Street Group LLC now owns 257,514 shares of the technology company’s stock worth $7,597,000 after purchasing an additional 130,396 shares during the period. Finally, Staley Capital Advisers Inc. increased its position in Mercury Systems by 37.6% during the first quarter. Staley Capital Advisers Inc. now owns 449,360 shares of the technology company’s stock worth $13,256,000 after buying an additional 122,829 shares during the last quarter. 95.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MRCY shares. Alembic Global Advisors raised Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price objective for the company in a research report on Monday, August 19th. StockNews.com downgraded Mercury Systems from a “hold” rating to a “sell” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. upped their price objective on shares of Mercury Systems from $26.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. Royal Bank of Canada raised their target price 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. Finally, Truist Financial upped their price target on shares of Mercury Systems from $26.00 to $31.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $33.50.

Insider Transactions at Mercury Systems

In related news, Director Debora A. Plunkett sold 1,843 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were 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 $431,675.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mercury Systems news, COO Charles Roger Iv Wells sold 1,346 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 $53,153.54. Following the completion of the transaction, the chief operating officer now directly owns 130,408 shares of the company’s stock, valued at $5,149,811.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Debora A. Plunkett sold 1,843 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $38.07, for a total value of $70,163.01. Following the completion of the sale, the director now owns 11,339 shares in the company, valued at $431,675.73. The disclosure for this sale can be found here. Insiders sold a total of 22,099 shares of company stock worth $865,740 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Mercury Systems Trading Up 0.6 %

NASDAQ:MRCY opened at $36.11 on Tuesday. The firm has a fifty day simple moving average of $36.11 and a two-hundred day simple moving average of $31.65. Mercury Systems, Inc. has a 12 month low of $25.31 and a 12 month high of $42.72. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of -15.37 and a beta of 0.69. The company has a current ratio of 4.07, a quick ratio of 2.64 and a debt-to-equity ratio of 0.40.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, August 13th. The technology company reported $0.09 earnings per share (EPS) 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 16.48% and a negative return on equity of 4.92%. Analysts expect that Mercury Systems, Inc. will post -0.52 EPS for the current fiscal year.

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.