Zions Bancorporation N.A. Acquires 6,325 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Zions Bancorporation N.A. boosted its holdings in Mercury Systems, Inc. (NASDAQ:MRCY) by 14.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,159 shares of the technology company’s stock after purchasing an additional 6,325 shares during the period. Zions Bancorporation N.A. owned about 0.08% of Mercury Systems worth $2,107,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Natixis Advisors LLC boosted its holdings in shares of Mercury Systems by 18.1% in the 3rd quarter. Natixis Advisors LLC now owns 14,686 shares of the technology company’s stock worth $543,000 after buying an additional 2,255 shares during the last quarter. Intech Investment Management LLC purchased a new position in Mercury Systems in the third quarter valued at about $452,000. Charles Schwab Investment Management Inc. grew its position in shares of Mercury Systems by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 658,833 shares of the technology company’s stock valued at $24,377,000 after acquiring an additional 9,582 shares during the period. Citigroup Inc. increased its stake in shares of Mercury Systems by 15.3% during the 3rd quarter. Citigroup Inc. now owns 110,383 shares of the technology company’s stock worth $4,084,000 after purchasing an additional 14,620 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Mercury Systems by 2.9% in the 3rd quarter. Cerity Partners LLC now owns 58,174 shares of the technology company’s stock worth $2,152,000 after purchasing an additional 1,615 shares during the period. Institutional investors own 95.99% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, CAO Douglas Munro sold 595 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total transaction of $26,251.40. Following the transaction, the chief accounting officer now directly owns 14,572 shares in the company, valued at approximately $642,916.64. This represents a 3.92 % decrease in their position. The sale 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 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 value 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 $2,772,236.08. The trade was a 3.65 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,314 shares of company stock worth $234,454. 1.60% of the stock is currently owned by corporate insiders.

Mercury Systems Trading Down 0.1 %

Shares of MRCY stock opened at $46.55 on Wednesday. Mercury Systems, Inc. has a 52-week low of $26.48 and a 52-week high of $52.25. The business’s fifty day moving average is $44.01 and its 200 day moving average is $40.39. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.36 and a current ratio of 3.62. The company has a market capitalization of $2.78 billion, a PE ratio of -29.84 and a beta of 0.80.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. On average, equities research analysts anticipate that Mercury Systems, Inc. will post -0.08 EPS for the current fiscal year.

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.