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

Swiss National Bank raised its stake in Mercury Systems, Inc. (NASDAQ:MRCY) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,500 shares of the technology company’s stock after purchasing an additional 1,000 shares during the period. Swiss National Bank owned 0.17% of Mercury Systems worth $4,179,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wealthfront Advisers LLC acquired a new position in Mercury Systems in the 4th quarter valued at about $3,213,000. Johnson Investment Counsel Inc. grew its position in shares of Mercury Systems by 9.1% in the fourth quarter. Johnson Investment Counsel Inc. now owns 6,641 shares of the technology company’s stock valued at $279,000 after purchasing an additional 555 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Mercury Systems during the fourth quarter worth approximately $4,258,000. Aigen Investment Management LP acquired a new stake in Mercury Systems during the 4th quarter worth approximately $231,000. Finally, Victory Capital Management Inc. boosted its stake in 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 valued at $86,526,000 after purchasing an additional 294,747 shares during the period. 95.99% of the stock is owned by institutional investors.

Mercury Systems Stock Down 0.1 %

NASDAQ MRCY opened at $46.55 on Wednesday. The business has a fifty 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, Inc. has a fifty-two week low of $26.48 and a fifty-two week high of $52.25. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.36.

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

Insider Buying and Selling

In other Mercury Systems news, EVP Stuart Kupinsky sold 2,377 shares of the business’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 $104,873.24. Following the sale, the executive vice president now owns 62,834 shares of the company’s stock, valued at approximately $2,772,236.08. The trade was a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Charles Roger Iv Wells sold 2,342 shares of the firm’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 $103,329.04. Following the sale, the chief operating officer now directly owns 95,928 shares in the company, valued at approximately $4,232,343.36. This trade 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 worth $234,454 in the last three months. 1.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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