Mercury Systems, Inc. (NASDAQ:MRCY) Stock Holdings Cut by Teza Capital Management LLC

Teza Capital Management LLC lowered its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 45.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,798 shares of the technology company’s stock after selling 8,323 shares during the period. Teza Capital Management LLC’s holdings in Mercury Systems were worth $412,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MRCY. Sterling Capital Management LLC lifted its holdings 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 valued at $69,000 after acquiring an additional 1,449 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Mercury Systems in the 4th quarter worth approximately $75,000. 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 valued at $105,000 after purchasing an additional 825 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Mercury Systems by 52.5% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,502 shares of the technology company’s stock worth $189,000 after buying an additional 1,549 shares in the last quarter. Finally, Cibc World Markets Corp bought a new stake in Mercury Systems during the fourth quarter worth approximately $204,000. 95.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Truist Financial raised Mercury Systems from a “hold” rating to a “buy” rating and upped their price target for the company from $49.00 to $56.00 in a report on Thursday, March 13th. Robert W. Baird raised Mercury Systems from a “neutral” rating to an “outperform” rating and upped their target price for the company from $37.00 to $58.00 in a report on Wednesday, February 5th. Baird R W upgraded Mercury Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Royal Bank of Canada raised their target price 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, The Goldman Sachs Group boosted their price target on shares of Mercury Systems from $30.00 to $33.00 and gave the company a “sell” rating in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $46.71.

Insider Activity

In other Mercury Systems news, Director Jana Partners Management, Lp sold 88,152 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $46.27, for a total value of $4,078,793.04. Following the completion of the sale, the director now directly owns 6,861,313 shares of the company’s stock, valued at $317,472,952.51. The trade was a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Steven Ratner sold 3,892 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $47.70, for a total transaction of $185,648.40. Following the transaction, the executive vice president now owns 56,187 shares in the company, valued at approximately $2,680,119.90. This trade represents a 6.48% decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Mercury Systems Trading Up 3.0%

Shares of NASDAQ MRCY opened at $48.05 on Wednesday. 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, Inc. has a one year low of $26.48 and a one year high of $52.25. The business has a 50-day moving average price of $46.56 and a two-hundred day moving average price of $43.51. The firm has a market capitalization of $2.87 billion, a PE ratio of -30.80 and a beta of 0.70.

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