Charles Schwab Investment Management Inc. Grows Stock Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Charles Schwab Investment Management Inc. increased its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 673,224 shares of the technology company’s stock after buying an additional 14,391 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.13% of Mercury Systems worth $28,275,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MRCY. Conestoga Capital Advisors LLC raised its position in Mercury Systems by 55.9% in 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 period. Fisher Asset Management LLC purchased a new stake in Mercury Systems in the fourth quarter valued at approximately $16,601,000. Barclays PLC raised its position in Mercury Systems by 471.3% in the third 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. Van ECK Associates Corp grew its stake in shares of Mercury Systems by 35.1% in the fourth quarter. Van ECK Associates Corp now owns 297,109 shares of the technology company’s stock worth $12,479,000 after acquiring an additional 77,254 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Mercury Systems in the third quarter worth $2,831,000. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Insider Buying and Selling at Mercury Systems

In other Mercury Systems 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Charles Roger Iv Wells sold 2,342 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 transaction of $103,329.04. Following the completion of the transaction, the chief operating officer now owns 95,928 shares of the company’s stock, valued at $4,232,343.36. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,314 shares of company stock worth $234,454 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Mercury Systems Stock Performance

Shares of MRCY stock opened at $46.44 on Tuesday. The company has a current ratio of 3.62, a quick ratio of 2.36 and a debt-to-equity ratio of 0.41. The firm has a fifty day moving average price of $43.61 and a 200 day moving average price of $40.02. The company has a market cap of $2.77 billion, a P/E ratio of -29.77 and a beta of 0.80. Mercury Systems, Inc. has a 12 month low of $26.48 and a 12 month high of $52.25.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data 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%. Sell-side analysts predict that Mercury Systems, Inc. will post -0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Mercury Systems Company 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.