Yousif Capital Management LLC Sells 308 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Yousif Capital Management LLC lessened its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,316 shares of the technology company’s stock after selling 308 shares during the quarter. Yousif Capital Management LLC’s holdings in Mercury Systems were worth $811,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Raymond James & Associates boosted its position in Mercury Systems by 40.0% during the 3rd quarter. Raymond James & Associates now owns 93,454 shares of the technology company’s stock valued at $3,458,000 after buying an additional 26,718 shares during the period. FMR LLC grew its stake in shares of Mercury Systems by 46.5% in the third quarter. FMR LLC now owns 3,067 shares of the technology company’s stock worth $113,000 after purchasing an additional 974 shares during the last quarter. PEAK6 Investments LLC purchased a new position in Mercury Systems during the 3rd quarter valued at about $686,000. Stifel Financial Corp bought a new position in Mercury Systems during the 3rd quarter valued at approximately $246,000. Finally, Barclays PLC lifted its holdings in Mercury Systems by 471.3% in the 3rd quarter. Barclays PLC now owns 175,562 shares of the technology company’s stock worth $6,496,000 after buying an additional 144,831 shares during the period. Institutional investors own 95.99% of the company’s stock.

Insider Transactions at Mercury Systems

In other news, COO Charles Roger Iv Wells sold 1,527 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $4,403,334.40. This represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MRCY shares. Truist Financial boosted their target price on Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. raised their target price on shares of Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Robert W. Baird upgraded shares of Mercury Systems from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $37.00 to $58.00 in a research report on Wednesday, February 5th. Jefferies Financial Group upgraded shares of Mercury Systems from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $30.00 to $42.00 in a report on Monday, November 11th. Finally, Baird R W raised Mercury Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Mercury Systems has an average rating of “Hold” and an average target price of $42.14.

Mercury Systems Stock Down 2.6 %

MRCY stock opened at $44.45 on Friday. The business has a 50 day moving average of $42.12 and a 200 day moving average of $38.92. The firm has a market cap of $2.65 billion, a PE ratio of -28.49 and a beta of 0.79. Mercury Systems, Inc. has a twelve month low of $26.48 and a twelve month high of $52.25. The company has a quick ratio of 2.59, a current ratio of 3.62 and a debt-to-equity ratio of 0.41.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share 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%. On average, research analysts forecast that Mercury Systems, Inc. will post -0.14 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.