Johnson Investment Counsel Inc. Has $279,000 Holdings in Mercury Systems, Inc. (NASDAQ:MRCY)

Johnson Investment Counsel Inc. boosted its holdings in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 9.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,641 shares of the technology company’s stock after buying an additional 555 shares during the period. Johnson Investment Counsel Inc.’s holdings in Mercury Systems were worth $279,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Conestoga Capital Advisors LLC boosted its stake in shares of Mercury Systems by 55.9% during the 4th quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company’s stock worth $87,058,000 after acquiring an additional 743,552 shares in the last quarter. Fisher Asset Management LLC bought a new position in shares of Mercury Systems in the 4th quarter valued at approximately $16,601,000. Victory Capital Management Inc. lifted its holdings in Mercury Systems by 16.7% in the 4th quarter. Victory Capital Management Inc. now owns 2,060,131 shares of the technology company’s stock worth $86,526,000 after purchasing an additional 294,747 shares during the last quarter. Barclays PLC boosted 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 worth $6,496,000 after purchasing an additional 144,831 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Mercury Systems during the fourth quarter valued at approximately $4,258,000. 95.99% of the stock is currently owned by institutional investors.

Insider Transactions at Mercury Systems

In other Mercury Systems news, COO Charles Roger Iv Wells sold 2,342 shares of Mercury Systems 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 $103,329.04. Following the sale, the chief operating officer now directly owns 95,928 shares of the company’s stock, valued at approximately $4,232,343.36. The trade was a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stuart Kupinsky sold 2,377 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $104,873.24. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last three months, insiders sold 5,314 shares of company stock valued at $234,454. Company insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Baird R W upgraded shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Robert W. Baird upgraded Mercury Systems from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $37.00 to $58.00 in a research note on Wednesday, February 5th. Truist Financial upgraded Mercury Systems from a “hold” rating to a “buy” rating and increased their target price for the company from $49.00 to $56.00 in a research note on Thursday. The Goldman Sachs Group raised their target price on Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a report on Thursday, January 16th. Finally, StockNews.com upgraded Mercury Systems from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. One equities 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $43.86.

Mercury Systems Trading Up 7.1 %

Mercury Systems stock opened at $45.08 on Friday. Mercury Systems, Inc. has a 12 month low of $26.48 and a 12 month high of $52.25. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of -28.90 and a beta of 0.80. The business has a 50 day moving average price of $43.46 and a two-hundred day moving average price of $39.86. 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 (NASDAQ:MRCY) last issued its earnings results on Tuesday, February 4th. The technology company reported ($0.08) EPS for the quarter, missing the consensus estimate 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, equities analysts forecast that Mercury Systems, Inc. will post -0.08 EPS for the current year.

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.