Thrivent Financial for Lutherans Trims Stake in Mercury Systems, Inc. (NASDAQ:MRCY)

Thrivent Financial for Lutherans lowered its position in Mercury Systems, Inc. (NASDAQ:MRCY) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,179 shares of the technology company’s stock after selling 475 shares during the quarter. Thrivent Financial for Lutherans owned about 0.07% of Mercury Systems worth $1,646,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Corient Private Wealth LLC lifted its holdings in shares of Mercury Systems by 4.0% during the 4th quarter. Corient Private Wealth LLC now owns 6,858 shares of the technology company’s stock worth $288,000 after acquiring an additional 266 shares during the last quarter. Ironwood Investment Management LLC raised its position in Mercury Systems by 0.7% during the fourth quarter. Ironwood Investment Management LLC now owns 40,994 shares of the technology company’s stock valued at $1,722,000 after purchasing an additional 300 shares in the last quarter. Johnson Investment Counsel Inc. lifted its stake in Mercury Systems by 9.1% during the fourth quarter. Johnson Investment Counsel Inc. now owns 6,641 shares of the technology company’s stock worth $279,000 after purchasing an additional 555 shares during the last quarter. KBC Group NV boosted its holdings in shares of Mercury Systems by 49.4% in the 4th quarter. KBC Group NV now owns 2,496 shares of the technology company’s stock worth $105,000 after purchasing an additional 825 shares in the last quarter. Finally, FMR LLC increased its position in shares of Mercury Systems by 46.5% during the 3rd quarter. FMR LLC now owns 3,067 shares of the technology company’s stock valued at $113,000 after purchasing an additional 974 shares during the last quarter. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Mercury Systems Price Performance

Shares of Mercury Systems stock opened at $42.82 on Monday. The firm has a market cap of $2.56 billion, a PE ratio of -27.45 and a beta of 0.80. The company’s fifty day simple moving average is $44.06 and its two-hundred day simple moving average is $40.55. The company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41. Mercury Systems, Inc. has a 12-month low of $26.48 and a 12-month high of $52.25.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly 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 net margin of 10.23% and a negative return on equity of 2.03%. As a group, equities analysts expect that Mercury Systems, Inc. will post -0.08 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on MRCY. The Goldman Sachs Group boosted their target price on Mercury Systems from $25.00 to $28.00 and gave the stock a “sell” rating in a research report on Thursday, January 16th. Robert W. Baird upgraded shares of Mercury Systems from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $37.00 to $58.00 in a report on Wednesday, February 5th. Truist Financial raised shares of Mercury Systems from a “hold” rating to a “buy” rating and increased their target price for the company from $49.00 to $56.00 in a report on Thursday, March 13th. StockNews.com raised 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 Mercury Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. One equities research 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $43.86.

Insider Buying and Selling

In other news, CAO Douglas Munro sold 595 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $26,251.40. Following the completion of the transaction, the chief accounting officer now owns 14,572 shares of the company’s stock, valued at approximately $642,916.64. This represents a 3.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Charles Roger Iv Wells sold 2,342 shares of Mercury Systems stock in a transaction that occurred 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 owns 95,928 shares in the company, valued at $4,232,343.36. This represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,314 shares of company stock valued at $234,454 over the last quarter. 1.60% of the stock is owned by company insiders.

Mercury Systems 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.