Quantbot Technologies LP Trims Stake in Mercury Systems, Inc. (NASDAQ:MRCY)

Quantbot Technologies LP lowered its position in Mercury Systems, Inc. (NASDAQ:MRCY) by 64.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,091 shares of the technology company’s stock after selling 14,873 shares during the period. Quantbot Technologies LP’s holdings in Mercury Systems were worth $340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Corient Private Wealth LLC raised its holdings in shares of Mercury Systems by 4.0% in the fourth quarter. Corient Private Wealth LLC now owns 6,858 shares of the technology company’s stock worth $288,000 after buying an additional 266 shares during the period. Ironwood Investment Management LLC lifted its position in shares of Mercury Systems by 0.7% during the fourth quarter. Ironwood Investment Management LLC now owns 40,994 shares of the technology company’s stock worth $1,722,000 after purchasing an additional 300 shares during the last quarter. Johnson Investment Counsel Inc. lifted its position in shares of 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 stake in shares of Mercury Systems by 49.4% during the fourth 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 period. Finally, FMR LLC grew its holdings in shares of Mercury Systems by 46.5% in 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 last quarter. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Mercury Systems Trading Down 1.8 %

MRCY opened at $42.82 on Friday. Mercury Systems, Inc. has a 12 month low of $26.48 and a 12 month high of $52.25. The stock has a fifty day moving average price of $44.06 and a 200-day moving average price of $40.49. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of -27.45 and a beta of 0.80. The company has a current ratio of 3.62, a quick ratio of 2.36 and a debt-to-equity ratio of 0.41.

Mercury Systems (NASDAQ:MRCY) last announced 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 return on equity of 2.03% and a negative net margin of 10.23%. As a group, equities research analysts anticipate that Mercury Systems, Inc. will post -0.08 earnings per share for the current fiscal year.

Insider Activity at Mercury Systems

In other news, CAO Douglas Munro sold 595 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $26,251.40. Following the transaction, the chief accounting officer now owns 14,572 shares in the company, valued at $642,916.64. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Charles Roger Iv Wells sold 2,342 shares of the 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 $103,329.04. Following the completion of the transaction, the chief operating officer now directly owns 95,928 shares of the company’s stock, valued at $4,232,343.36. The trade was 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 90 days. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MRCY shares. Truist Financial raised shares of Mercury Systems from a “hold” rating to a “buy” rating and boosted their price objective for the company from $49.00 to $56.00 in a research report on Thursday, March 13th. The Goldman Sachs Group increased their price objective on Mercury Systems from $25.00 to $28.00 and gave the stock a “sell” rating in a research note on Thursday, January 16th. Robert W. Baird raised Mercury Systems from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $37.00 to $58.00 in a research report on Wednesday, February 5th. Baird R W raised Mercury Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Finally, StockNews.com upgraded Mercury Systems from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $43.86.

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.