Raymond James & Associates Has $3.92 Million Stock Holdings in Mercury Systems, Inc. (NASDAQ:MRCY)

Raymond James & Associates lessened its holdings in Mercury Systems, Inc. (NASDAQ:MRCY) by 7.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,168 shares of the technology company’s stock after selling 8,821 shares during the period. Raymond James & Associates’ holdings in Mercury Systems were worth $3,919,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. VisionPoint Advisory Group LLC boosted its position in shares of Mercury Systems by 110.9% in the third quarter. VisionPoint Advisory Group LLC now owns 715 shares of the technology company’s stock worth $27,000 after buying an additional 376 shares during the period. Point72 Middle East FZE purchased a new stake in shares of Mercury Systems during the fourth quarter worth $35,000. Qube Research & Technologies Ltd purchased a new stake in shares of Mercury Systems during the third quarter worth $33,000. Captrust Financial Advisors raised its holdings in shares of Mercury Systems by 60.7% during the first quarter. Captrust Financial Advisors now owns 1,573 shares of the technology company’s stock worth $101,000 after acquiring an additional 594 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Mercury Systems by 588.9% during the fourth quarter. Deutsche Bank AG now owns 2,177 shares of the technology company’s stock worth $97,000 after acquiring an additional 1,861 shares in the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Insider Activity

In other Mercury Systems news, Director Barry R. Nearhos purchased 3,500 shares of the stock in a transaction dated Friday, February 9th. The shares were bought at an average cost of $27.15 per share, with a total value of $95,025.00. Following the completion of the transaction, the director now owns 3,500 shares in the company, valued at approximately $95,025. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mercury Systems news, Director Barry R. Nearhos purchased 3,500 shares of the stock in a transaction dated Friday, February 9th. The shares were bought at an average cost of $27.15 per share, with a total value of $95,025.00. Following the completion of the transaction, the director now owns 3,500 shares in the company, valued at approximately $95,025. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Charles Roger Iv Wells sold 1,696 shares of Mercury Systems stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $29.57, for a total value of $50,150.72. Following the sale, the chief operating officer now directly owns 105,427 shares in the company, valued at $3,117,476.39. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 14,133 shares of company stock valued at $398,311 and have sold 3,510 shares valued at $103,685. 1.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MRCY. Jefferies Financial Group lowered Mercury Systems from a “hold” rating to an “underperform” rating and cut their price objective for the stock from $35.00 to $30.00 in a report on Wednesday, January 3rd. The Goldman Sachs Group cut their price objective on Mercury Systems from $24.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, February 8th. Truist Financial lowered Mercury Systems from a “buy” rating to a “hold” rating and cut their price objective for the stock from $48.00 to $28.00 in a report on Wednesday, February 7th. Finally, Royal Bank of Canada cut their price objective on Mercury Systems from $35.00 to $30.00 and set a “sector perform” rating for the company in a report on Wednesday, February 7th. Four investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $29.88.

Mercury Systems Price Performance

NASDAQ MRCY opened at $28.77 on Friday. Mercury Systems, Inc. has a fifty-two week low of $25.31 and a fifty-two week high of $52.08. The stock’s 50-day moving average is $29.04 and its two-hundred day moving average is $32.95. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.36 and a quick ratio of 2.79. The firm has a market cap of $1.71 billion, a P/E ratio of -19.31 and a beta of 0.70.

Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, February 6th. The technology company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.48). The company had revenue of $197.46 million for the quarter, compared to the consensus estimate of $215.41 million. Mercury Systems had a negative net margin of 9.54% and a negative return on equity of 2.62%. On average, analysts anticipate that Mercury Systems, Inc. will post -1.42 earnings per share for the current fiscal year.

Mercury Systems Company 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.