DekaBank Deutsche Girozentrale Acquires Shares of 4,603 Mercury Systems, Inc. (NASDAQ:MRCY)

DekaBank Deutsche Girozentrale bought a new position in Mercury Systems, Inc. (NASDAQ:MRCY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,603 shares of the technology company’s stock, valued at approximately $169,000.

A number of other institutional investors have also made changes to their positions in MRCY. VisionPoint Advisory Group LLC boosted its holdings in 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 purchasing an additional 376 shares during the period. Qube Research & Technologies Ltd bought a new position in shares of Mercury Systems in the 3rd quarter worth about $33,000. Point72 Middle East FZE bought a new position in shares of Mercury Systems in the 4th quarter worth about $35,000. Deutsche Bank AG boosted its holdings in shares of Mercury Systems by 588.9% in the 4th quarter. Deutsche Bank AG now owns 2,177 shares of the technology company’s stock valued at $97,000 after buying an additional 1,861 shares during the period. Finally, Captrust Financial Advisors grew its position in shares of Mercury Systems by 60.7% during the 1st quarter. Captrust Financial Advisors now owns 1,573 shares of the technology company’s stock valued at $101,000 after buying an additional 594 shares during the last quarter. 95.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mercury Systems

In other news, EVP Stephanie Georges sold 1,409 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $29.57, for a total value of $41,664.13. Following the completion of the sale, the executive vice president now directly owns 38,319 shares of the company’s stock, valued at approximately $1,133,092.83. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Stephanie Georges sold 1,409 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $29.57, for a total transaction of $41,664.13. Following the transaction, the executive vice president now owns 38,319 shares in the company, valued at $1,133,092.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barry R. Nearhos bought 3,500 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average cost of $27.15 per share, for a total transaction of $95,025.00. Following the acquisition, the director now owns 3,500 shares of the company’s stock, valued at $95,025. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 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 owned by corporate insiders.

Wall Street Analyst Weigh In

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

Mercury Systems Stock Down 3.0 %

MRCY opened at $27.56 on Wednesday. The stock’s 50 day moving average price is $28.95 and its 200 day moving average price is $32.77. 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 stock has a market cap of $1.64 billion, a P/E ratio of -18.50 and a beta of 0.70. Mercury Systems, Inc. has a 12 month low of $25.31 and a 12 month high of $50.73.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, February 6th. The technology company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.48). Mercury Systems had a negative return on equity of 2.62% and a negative net margin of 9.54%. The business had revenue of $197.46 million during the quarter, compared to the consensus estimate of $215.41 million. As a group, research analysts predict that Mercury Systems, Inc. will post -1.4 earnings per share for the current 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.