Aigen Investment Management LP Takes Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Aigen Investment Management LP purchased a new stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY) during the 4th quarter, Holdings Channel reports. The fund purchased 5,490 shares of the technology company’s stock, valued at approximately $231,000.

A number of other institutional investors also recently bought and sold shares of MRCY. Mirae Asset Global Investments Co. Ltd. bought a new position in Mercury Systems during the fourth quarter valued at $75,000. Covestor Ltd boosted its stake in shares of Mercury Systems by 41.2% during the 3rd 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 grew its holdings in Mercury Systems by 49.4% during the 4th quarter. KBC Group NV now owns 2,496 shares of the technology company’s stock valued at $105,000 after purchasing an additional 825 shares during the last quarter. FMR LLC raised its position in Mercury Systems by 46.5% in the 3rd 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. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in Mercury Systems by 52.5% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,502 shares of the technology company’s stock worth $189,000 after purchasing an additional 1,549 shares during the period. 95.99% of the stock is currently owned by institutional investors.

Mercury Systems Stock Performance

Shares of Mercury Systems stock opened at $43.84 on Monday. 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’s fifty day moving average price is $43.37 and its 200-day moving average price is $39.72. The firm has a market cap of $2.62 billion, a P/E ratio of -28.10 and a beta of 0.80. Mercury Systems, Inc. has a 12 month low of $26.48 and a 12 month high of $52.25.

Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, February 4th. The technology company reported ($0.08) 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%. On average, equities research analysts expect that Mercury Systems, Inc. will post -0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Truist Financial upped their target price on Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. The Goldman Sachs Group upped their price objective on Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a research report on Thursday, January 16th. Baird R W upgraded Mercury Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Robert W. Baird raised shares of Mercury Systems from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $37.00 to $58.00 in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group raised 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.14.

Insiders Place Their Bets

In other news, EVP Stuart Kupinsky sold 2,377 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 $104,873.24. Following the transaction, the executive vice president now owns 62,834 shares of the company’s stock, valued at $2,772,236.08. The trade was a 3.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Charles Roger Iv Wells sold 2,342 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total transaction of $103,329.04. Following the transaction, the chief operating officer now owns 95,928 shares of the company’s stock, 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 over the last 90 days. Company insiders own 1.60% of the company’s stock.

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.