Mercury Systems, Inc. (NASDAQ:MRCY) Shares Acquired by Zions Bancorporation N.A.

Zions Bancorporation N.A. raised its stake in Mercury Systems, Inc. (NASDAQ:MRCY) by 17.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 43,834 shares of the technology company’s stock after buying an additional 6,403 shares during the quarter. Zions Bancorporation N.A. owned 0.07% of Mercury Systems worth $1,622,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Oppenheimer & Co. Inc. grew its stake in Mercury Systems by 6.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 39,528 shares of the technology company’s stock valued at $1,463,000 after buying an additional 2,530 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Mercury Systems in the 3rd quarter valued at $289,000. Covestor Ltd grew its stake in Mercury Systems by 41.2% in the 3rd quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock valued at $78,000 after buying an additional 620 shares during the last quarter. Verity Asset Management Inc. acquired a new position in Mercury Systems in the 3rd quarter valued at $274,000. Finally, Van ECK Associates Corp grew its stake in Mercury Systems by 28.1% in the 3rd quarter. Van ECK Associates Corp now owns 219,855 shares of the technology company’s stock valued at $7,431,000 after buying an additional 48,237 shares during the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Insider Buying and Selling at Mercury Systems

In other news, CEO William L. Ballhaus sold 6,549 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $39.49, for a total transaction of $258,620.01. Following the completion of the transaction, the chief executive officer now directly owns 353,481 shares in the company, valued at $13,958,964.69. This trade represents a 1.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephanie Georges sold 1,340 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $39.49, for a total value of $52,916.60. Following the transaction, the executive vice president now owns 32,259 shares of the company’s stock, valued at $1,273,907.91. The trade was a 3.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,099 shares of company stock worth $865,740. 1.60% of the stock is currently owned by insiders.

Mercury Systems Price Performance

Shares of NASDAQ:MRCY opened at $40.84 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 4.10. The stock’s fifty day simple moving average is $36.55 and its two-hundred day simple moving average is $33.68. Mercury Systems, Inc. has a 1-year low of $25.31 and a 1-year high of $44.63.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, August 13th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.32. The firm had revenue of $248.56 million during the quarter, compared to the consensus estimate of $223.80 million. Mercury Systems had a negative return on equity of 3.96% and a negative net margin of 13.80%. Research analysts expect that Mercury Systems, Inc. will post -0.3 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on MRCY. Truist Financial raised their price objective on shares of Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a report on Wednesday, August 14th. Robert W. Baird raised their price objective on shares of Mercury Systems from $26.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, August 14th. Jefferies Financial Group raised 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. Alembic Global Advisors upgraded shares of Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 target price for the company in a research report on Monday, August 19th. Finally, JPMorgan Chase & Co. increased 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. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Mercury Systems has an average rating of “Hold” and a consensus target price of $35.50.

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.