Swiss National Bank Buys 1,000 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Swiss National Bank grew its stake in Mercury Systems, Inc. (NASDAQ:MRCY) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,500 shares of the technology company’s stock after buying an additional 1,000 shares during the period. Swiss National Bank’s holdings in Mercury Systems were worth $4,179,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its holdings in Mercury Systems by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 245,880 shares of the technology company’s stock valued at $10,327,000 after acquiring an additional 7,512 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Mercury Systems by 16.7% in the 4th quarter. Victory Capital Management Inc. now owns 2,060,131 shares of the technology company’s stock worth $86,526,000 after purchasing an additional 294,747 shares during the period. Van ECK Associates Corp boosted its stake in shares of Mercury Systems by 35.1% in the 4th quarter. Van ECK Associates Corp now owns 297,109 shares of the technology company’s stock valued at $12,479,000 after purchasing an additional 77,254 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in shares of Mercury Systems during the fourth quarter worth $16,601,000. Finally, FMR LLC raised its stake in Mercury Systems by 46.5% during the third quarter. FMR LLC now owns 3,067 shares of the technology company’s stock worth $113,000 after buying an additional 974 shares during the last quarter. 95.99% of the stock is currently owned by institutional investors.

Insider Transactions at Mercury Systems

In other news, EVP Stuart Kupinsky sold 2,377 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $104,873.24. Following the completion of the sale, the executive vice president now owns 62,834 shares in the company, valued at $2,772,236.08. This represents a 3.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Charles Roger Iv Wells sold 2,342 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $103,329.04. Following the completion of the sale, the chief operating officer now owns 95,928 shares of the company’s stock, valued at approximately $4,232,343.36. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,314 shares of company stock valued at $234,454 over the last three months. Corporate insiders own 1.60% of the company’s stock.

Mercury Systems Trading Down 0.1 %

Shares of Mercury Systems stock opened at $46.55 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.36 and a current ratio of 3.62. Mercury Systems, Inc. has a 52 week low of $26.48 and a 52 week high of $52.25. The stock has a 50 day moving average price of $44.01 and a two-hundred day moving average price of $40.39. The stock has a market capitalization of $2.78 billion, a PE ratio of -29.84 and a beta of 0.80.

Mercury Systems (NASDAQ:MRCY) last posted 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 net margin of 10.23% and a negative return on equity of 2.03%. As a group, equities analysts anticipate that Mercury Systems, Inc. will post -0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Truist Financial raised shares of Mercury Systems from a “hold” rating to a “buy” rating and upped their price target for the company from $49.00 to $56.00 in a research report on Thursday, March 13th. The Goldman Sachs Group upped their target price on Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a research report on Thursday, January 16th. StockNews.com upgraded Mercury Systems from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Baird R W upgraded Mercury Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Finally, Robert W. Baird upgraded shares of Mercury Systems from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $37.00 to $58.00 in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $43.86.

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.