Thrivent Financial for Lutherans Sells 1,967 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Thrivent Financial for Lutherans cut its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,354 shares of the technology company’s stock after selling 1,967 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.07% of Mercury Systems worth $1,170,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Nisa Investment Advisors LLC raised its holdings in shares of Mercury Systems by 1,126.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock valued at $31,000 after purchasing an additional 1,070 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its position in Mercury Systems by 216.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock valued at $64,000 after buying an additional 1,622 shares in the last quarter. nVerses Capital LLC acquired a new position in Mercury Systems during the 2nd quarter worth approximately $81,000. Quest Partners LLC boosted its holdings in Mercury Systems by 10,995.5% in the second quarter. Quest Partners LLC now owns 4,882 shares of the technology company’s stock worth $132,000 after acquiring an additional 4,838 shares in the last quarter. Finally, Headlands Technologies LLC grew its stake in Mercury Systems by 625.7% in the second quarter. Headlands Technologies LLC now owns 5,726 shares of the technology company’s stock valued at $155,000 after acquiring an additional 4,937 shares during the period. 95.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on MRCY shares. Alembic Global Advisors raised Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 target price on the stock in a research report on Monday, August 19th. JPMorgan Chase & Co. upped their price objective on shares of Mercury Systems from $26.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, September 5th. StockNews.com upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a report on Saturday. Royal Bank of Canada upped their target price on shares of Mercury Systems from $30.00 to $35.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 14th. Finally, Robert W. Baird lifted their price target on Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $33.50.

Mercury Systems Trading Up 0.3 %

Shares of MRCY stock opened at $37.35 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.64 and a current ratio of 4.07. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of -15.89 and a beta of 0.70. Mercury Systems, Inc. has a 52-week low of $25.31 and a 52-week high of $42.72. The company has a 50-day simple moving average of $36.65 and a two-hundred day simple moving average of $32.12.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, August 13th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.32. The company had revenue of $248.56 million during the quarter, compared to analyst estimates of $223.80 million. Mercury Systems had a negative return on equity of 4.92% and a negative net margin of 16.48%. Research analysts anticipate that Mercury Systems, Inc. will post -0.52 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Charles Roger Iv Wells sold 1,346 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $39.49, for a total transaction of $53,153.54. Following the completion of the sale, the chief operating officer now owns 130,408 shares in the company, valued at approximately $5,149,811.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Jana Partners Management, Lp purchased 13,600 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was bought at an average price of $37.25 per share, for a total transaction of $506,600.00. Following the purchase, the director now owns 6,944,633 shares of the company’s stock, valued at $258,687,579.25. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Charles Roger Iv Wells sold 1,346 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $39.49, for a total value of $53,153.54. Following the completion of the sale, the chief operating officer now owns 130,408 shares in the company, valued at $5,149,811.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,099 shares of company stock valued at $865,740. 1.80% of the stock is owned by insiders.

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.