Oppenheimer & Co. Inc. Trims Stock Holdings in Mercury Systems, Inc. (NASDAQ:MRCY)

Oppenheimer & Co. Inc. decreased its holdings in Mercury Systems, Inc. (NASDAQ:MRCY) by 12.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,450 shares of the technology company’s stock after selling 5,078 shares during the period. Oppenheimer & Co. Inc. owned 0.06% of Mercury Systems worth $1,447,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Nisa Investment Advisors LLC increased its stake in shares of Mercury Systems by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock worth $62,000 after purchasing an additional 503 shares in the last quarter. Covestor Ltd increased its stake in shares of Mercury Systems by 41.2% in the third quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock worth $78,000 after purchasing an additional 620 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Mercury Systems by 13.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 5,826 shares of the technology company’s stock worth $217,000 after purchasing an additional 695 shares in the last quarter. KBC Group NV increased its stake in shares of Mercury Systems by 49.4% in the fourth quarter. KBC Group NV now owns 2,496 shares of the technology company’s stock worth $105,000 after purchasing an additional 825 shares in the last quarter. Finally, King Luther Capital Management Corp increased its stake in shares of Mercury Systems by 0.8% in the third quarter. King Luther Capital Management Corp now owns 109,045 shares of the technology company’s stock worth $4,035,000 after purchasing an additional 868 shares in the last quarter. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on MRCY. The Goldman Sachs Group raised their price objective on shares of Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a research report on Thursday, January 16th. Jefferies Financial Group upgraded shares of Mercury Systems from an “underperform” rating to a “hold” rating and raised their price objective for the company from $30.00 to $42.00 in a research report on Monday, November 11th. Truist Financial raised their price objective on shares of Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. StockNews.com upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $42.14.

Mercury Systems Trading Down 1.8 %

Shares of Mercury Systems stock opened at $43.61 on Tuesday. Mercury Systems, Inc. has a 1 year low of $26.48 and a 1 year high of $52.25. The firm has a market cap of $2.60 billion, a PE ratio of -27.96 and a beta of 0.79. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.36. The company has a 50 day simple moving average of $43.17 and a two-hundred day simple moving average of $39.60.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (EPS) 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 expect that Mercury Systems, Inc. will post -0.08 earnings per share for the current fiscal year.

Insider Transactions at Mercury Systems

In other news, CAO Douglas Munro sold 595 shares of the business’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 completion of the sale, the chief accounting officer now directly owns 14,572 shares in the company, valued at approximately $642,916.64. The trade was a 3.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Stuart Kupinsky sold 2,377 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total transaction of $104,873.24. Following the completion of the sale, the executive vice president now 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 5,314 shares of company stock worth $234,454. 1.60% of the stock is currently owned by insiders.

Mercury Systems 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.