Mercury Systems, Inc. (NASDAQ:MRCY) Shares Sold by Cwm LLC

Cwm LLC cut its stake in Mercury Systems, Inc. (NASDAQ:MRCY) by 14.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 9,778 shares of the technology company’s stock after selling 1,715 shares during the period. Cwm LLC’s holdings in Mercury Systems were worth $362,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its position in shares of 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 period. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Mercury Systems by 216.0% in 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 purchasing an additional 1,622 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Mercury Systems in the 2nd quarter valued at about $81,000. Quest Partners LLC grew its holdings in shares of Mercury Systems by 10,995.5% during the 2nd quarter. Quest Partners LLC now owns 4,882 shares of the technology company’s stock worth $132,000 after purchasing an additional 4,838 shares during the period. Finally, Headlands Technologies LLC increased its position 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 purchasing an additional 4,937 shares in the last quarter. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Charles Roger Iv Wells sold 1,346 shares of Mercury Systems stock in a transaction on Monday, August 19th. The shares were sold at an average price of $39.49, for a total value of $53,153.54. Following the completion of the sale, the chief operating officer now owns 130,408 shares in the company, valued at approximately $5,149,811.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Stephanie Georges sold 1,340 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $39.49, for a total value of $52,916.60. Following the sale, the executive vice president now owns 32,259 shares in the company, valued at approximately $1,273,907.91. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Charles Roger Iv Wells sold 1,346 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $39.49, for a total transaction of $53,153.54. Following the transaction, the chief operating officer now directly owns 130,408 shares in the company, valued at $5,149,811.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,099 shares of company stock worth $865,740. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a research note on Saturday, October 5th. Robert W. Baird upped their price target on shares of Mercury Systems from $26.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Royal Bank of Canada increased their price target on Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a report on Wednesday, August 14th. JPMorgan Chase & Co. boosted their price objective on Mercury Systems from $26.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Finally, Truist Financial increased their target price on Mercury Systems from $26.00 to $31.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $33.50.

Mercury Systems Stock Performance

NASDAQ:MRCY opened at $34.50 on Monday. Mercury Systems, Inc. has a 1-year low of $25.31 and a 1-year high of $42.72. The stock has a market cap of $2.05 billion, a P/E ratio of -14.68 and a beta of 0.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.07 and a quick ratio of 2.64. The firm has a 50-day moving average of $36.93 and a two-hundred day moving average of $32.66.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, August 13th. The technology company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.32. Mercury Systems had a negative return on equity of 4.92% and a negative net margin of 16.48%. The firm had revenue of $248.56 million during the quarter, compared to the consensus estimate of $223.80 million. On average, research analysts expect that Mercury Systems, Inc. will post -0.52 earnings per share for the current fiscal 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.