Quantbot Technologies LP Sells 14,873 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

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

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Cibc World Markets Corp bought a new stake in Mercury Systems during the fourth quarter valued at approximately $204,000. Corient Private Wealth LLC boosted its stake in shares of Mercury Systems by 4.0% during the 4th quarter. Corient Private Wealth LLC now owns 6,858 shares of the technology company’s stock worth $288,000 after acquiring an additional 266 shares during the last quarter. Royce & Associates LP grew its position in shares of Mercury Systems by 18.7% during the 4th quarter. Royce & Associates LP now owns 262,659 shares of the technology company’s stock valued at $11,032,000 after acquiring an additional 41,380 shares during the period. Natixis Advisors LLC increased its stake in shares of Mercury Systems by 10.8% in the 4th quarter. Natixis Advisors LLC now owns 16,275 shares of the technology company’s stock worth $684,000 after purchasing an additional 1,589 shares in the last quarter. Finally, Ironwood Investment Management LLC increased its stake in shares of Mercury Systems by 0.7% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Mercury Systems Stock Down 1.8 %

MRCY opened at $42.82 on Friday. The company has a market capitalization of $2.56 billion, a PE ratio of -27.45 and a beta of 0.80. The firm has a 50-day simple moving average of $44.06 and a two-hundred day simple moving average of $40.49. The company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41. Mercury Systems, Inc. has a 52 week low of $26.48 and a 52 week high of $52.25.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share for the quarter, missing the consensus estimate 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%. Analysts forecast that Mercury Systems, Inc. will post -0.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Charles Roger Iv Wells sold 2,342 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 $103,329.04. Following the completion of the transaction, the chief operating officer now owns 95,928 shares in the company, valued at approximately $4,232,343.36. This trade represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Douglas Munro sold 595 shares of the company’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 value of $26,251.40. Following the sale, the chief accounting officer now owns 14,572 shares in the company, valued at approximately $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. Over the last 90 days, insiders have sold 5,314 shares of company stock worth $234,454. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.