Y Intercept Hong Kong Ltd Buys 6,426 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Y Intercept Hong Kong Ltd lifted its stake in Mercury Systems, Inc. (NASDAQ:MRCY) by 108.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,336 shares of the technology company’s stock after buying an additional 6,426 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Mercury Systems were worth $518,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Nisa Investment Advisors LLC lifted its stake in shares of Mercury Systems by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock valued at $62,000 after buying an additional 503 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in Mercury Systems during the fourth quarter worth about $75,000. Covestor Ltd lifted its stake in Mercury Systems by 41.2% during the third quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock worth $78,000 after purchasing an additional 620 shares during the period. KBC Group NV lifted its stake in Mercury Systems by 49.4% during the fourth quarter. KBC Group NV now owns 2,496 shares of the technology company’s stock worth $105,000 after purchasing an additional 825 shares during the period. Finally, FMR LLC lifted its stake in Mercury Systems by 46.5% during the third quarter. FMR LLC now owns 3,067 shares of the technology company’s stock worth $113,000 after purchasing an additional 974 shares during the period. Institutional investors own 95.99% of the company’s stock.

Mercury Systems Stock Performance

NASDAQ:MRCY opened at $44.41 on Friday. Mercury Systems, Inc. has a 1 year low of $26.48 and a 1 year high of $52.25. The firm has a 50 day moving average of $43.11 and a 200-day moving average of $39.58. 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 stock has a market capitalization of $2.65 billion, a P/E ratio of -28.47 and a beta of 0.79.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share 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, sell-side analysts anticipate that Mercury Systems, Inc. will post -0.08 EPS for the current fiscal year.

Insider Activity at Mercury Systems

In related news, COO Charles Roger Iv Wells sold 2,342 shares of the firm’s 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 completion of the sale, the chief operating officer now owns 95,928 shares of the company’s stock, valued at $4,232,343.36. This trade represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Stuart Kupinsky sold 2,377 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 62,834 shares of the company’s stock, valued at approximately $2,772,236.08. This represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,314 shares of company stock valued at $234,454 over the last quarter. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MRCY. The Goldman Sachs Group raised 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. Jefferies Financial Group upgraded shares of Mercury Systems from an “underperform” rating to a “hold” rating and raised their price target for the stock from $30.00 to $42.00 in a research note on Monday, November 11th. Robert W. Baird upgraded shares of Mercury Systems from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $37.00 to $58.00 in a research note on Wednesday, February 5th. Finally, Truist Financial lifted their target price on shares of Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Mercury Systems has a consensus rating of “Hold” and a consensus price target of $42.14.

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.