MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $7.35 Million Stock Holdings in Mercury Systems, Inc. (NASDAQ:MRCY)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 24.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 174,971 shares of the technology company’s stock after buying an additional 34,216 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Mercury Systems were worth $7,349,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of MRCY. Sterling Capital Management LLC raised its stake in Mercury Systems by 762.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company’s stock worth $69,000 after purchasing an additional 1,449 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Mercury Systems in the 4th quarter valued at about $75,000. KBC Group NV grew its holdings in shares of 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. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Mercury Systems by 52.5% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,502 shares of the technology company’s stock valued at $189,000 after purchasing an additional 1,549 shares during the last quarter. Finally, Cibc World Markets Corp bought a new stake in shares of Mercury Systems during the 4th quarter valued at approximately $204,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

Insider Transactions at Mercury Systems

In other news, EVP Steven Ratner sold 3,892 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $47.70, for a total value of $185,648.40. Following the completion of the transaction, the executive vice president now directly owns 56,187 shares in the company, valued at approximately $2,680,119.90. This trade represents a 6.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Douglas Munro sold 595 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 $26,251.40. Following the completion of the transaction, the chief accounting officer now owns 14,572 shares of the company’s stock, valued at $642,916.64. This trade represents a 3.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 97,358 shares of company stock worth $4,498,895 over the last quarter. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MRCY. Truist Financial raised shares of Mercury Systems from a “hold” rating to a “buy” rating and boosted their target price for the stock from $49.00 to $56.00 in a report on Thursday, March 13th. Robert W. Baird raised shares of Mercury Systems from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $37.00 to $58.00 in a research note on Wednesday, February 5th. The Goldman Sachs Group increased their target price on shares of Mercury Systems from $30.00 to $33.00 and gave the stock a “sell” rating in a research note on Monday, May 12th. Royal Bank of Canada upped their price objective on shares of Mercury Systems from $48.00 to $50.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 7th. Finally, Baird R W upgraded shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $46.71.

Mercury Systems Stock Performance

NASDAQ MRCY opened at $46.14 on Friday. Mercury Systems, Inc. has a 52-week low of $26.48 and a 52-week high of $52.25. The company has a 50-day simple moving average of $46.41 and a 200 day simple moving average of $43.31. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.36 and a current ratio of 3.62. The company has a market capitalization of $2.76 billion, a PE ratio of -29.58 and a beta of 0.70.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $211.36 million during the quarter, compared to the consensus estimate of $204.25 million. Mercury Systems had a negative net margin of 10.23% and a negative return on equity of 2.03%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.26) earnings per share. On average, research analysts predict that Mercury Systems, Inc. will post -0.08 EPS for the current year.

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.