Johnson Investment Counsel Inc. boosted its holdings in shares of Mercury Systems, Inc. (NASDAQ:MRCY – Free Report) 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
Check Out Our Latest Analysis on Mercury Systems
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 – Get Free Report) 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.
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