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

Aigen Investment Management LP acquired a new position in Mercury Systems, Inc. (NASDAQ:MRCY) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,490 shares of the technology company’s stock, valued at approximately $231,000.

Other large investors also recently modified their holdings of the company. Conestoga Capital Advisors LLC boosted its position in Mercury Systems by 55.9% in the fourth quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company’s stock worth $87,058,000 after purchasing an additional 743,552 shares during the last quarter. Fisher Asset Management LLC bought a new position in shares of Mercury Systems in the 4th quarter worth approximately $16,601,000. Victory Capital Management Inc. boosted its holdings in shares of Mercury Systems by 16.7% in the fourth quarter. Victory Capital Management Inc. now owns 2,060,131 shares of the technology company’s stock worth $86,526,000 after buying an additional 294,747 shares during the last quarter. Barclays PLC grew its position in Mercury Systems by 471.3% during the third quarter. Barclays PLC now owns 175,562 shares of the technology company’s stock valued at $6,496,000 after buying an additional 144,831 shares during the period. Finally, Van ECK Associates Corp increased its holdings in Mercury Systems by 35.1% during the fourth quarter. Van ECK Associates Corp now owns 297,109 shares of the technology company’s stock valued at $12,479,000 after buying an additional 77,254 shares during the last quarter. Institutional investors own 95.99% of the company’s stock.

Analyst Upgrades and Downgrades

MRCY has been the topic of several analyst reports. 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. The Goldman Sachs Group raised their target price on Mercury Systems from $25.00 to $28.00 and gave the stock a “sell” rating in a report on Thursday, January 16th. Truist Financial boosted their price target on Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. StockNews.com upgraded Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, Robert W. Baird raised Mercury Systems from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $37.00 to $58.00 in a research report on Wednesday, February 5th. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $42.14.

Insider Transactions at Mercury Systems

In other news, EVP Stuart Kupinsky sold 2,377 shares of Mercury Systems stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $104,873.24. Following the sale, the executive vice president now directly owns 62,834 shares of the company’s stock, valued at approximately $2,772,236.08. The trade was a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Douglas Munro sold 595 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $26,251.40. Following the completion of the sale, 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,314 shares of company stock valued at $234,454. 1.60% of the stock is currently owned by corporate insiders.

Mercury Systems Price Performance

Shares of Mercury Systems stock opened at $43.84 on Monday. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of -28.10 and a beta of 0.80. The company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41. The stock’s 50-day simple moving average is $43.37 and its 200-day simple moving average is $39.72. Mercury Systems, Inc. has a 52 week low of $26.48 and a 52 week high of $52.25.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly 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, analysts expect 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.