1,791 Shares in Mercury Systems, Inc. (NASDAQ:MRCY) Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Mercury Systems, Inc. (NASDAQ:MRCY) during the 4th quarter, Holdings Channel reports. The firm purchased 1,791 shares of the technology company’s stock, valued at approximately $75,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Conestoga Capital Advisors LLC boosted its position in Mercury Systems by 55.9% during 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 purchasing an additional 743,552 shares during the last quarter. Barclays PLC raised its holdings in shares of Mercury Systems by 471.3% in the 3rd quarter. Barclays PLC now owns 175,562 shares of the technology company’s stock valued at $6,496,000 after purchasing an additional 144,831 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Mercury Systems in the third quarter valued at approximately $2,831,000. Van ECK Associates Corp lifted its position in shares of Mercury Systems by 28.1% in the third quarter. Van ECK Associates Corp now owns 219,855 shares of the technology company’s stock valued at $7,431,000 after buying an additional 48,237 shares during the last quarter. Finally, Bouvel Investment Partners LLC acquired a new position in shares of Mercury Systems during the 4th quarter worth approximately $1,307,000. 95.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MRCY has been the topic of several research reports. Jefferies Financial Group upgraded shares of Mercury Systems from an “underperform” rating to a “hold” rating and upped their price objective for the company from $30.00 to $42.00 in a report on Monday, November 11th. The Goldman Sachs Group upped their price objective on Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. boosted their target price 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. StockNews.com upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, Baird R W raised shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mercury Systems has an average rating of “Hold” and a consensus price target of $42.14.

Insider Activity

In other Mercury Systems news, COO Charles Roger Iv Wells sold 1,527 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $38.80, for a total transaction of $59,247.60. Following the transaction, the chief operating officer now directly owns 113,488 shares in the company, valued at approximately $4,403,334.40. This represents a 1.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Mercury Systems Trading Down 2.6 %

MRCY opened at $44.45 on Friday. The company has a market cap of $2.65 billion, a P/E ratio of -28.49 and a beta of 0.79. The company has a current ratio of 3.62, a quick ratio of 2.59 and a debt-to-equity ratio of 0.41. The company’s 50 day moving average is $42.00 and its 200-day moving average is $38.83. Mercury Systems, Inc. has a 1-year low of $26.48 and a 1-year high of $52.25.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Equities research analysts predict that Mercury Systems, Inc. will post -0.14 earnings per share 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.