Wellington Management Group LLP Purchases 1,251 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Wellington Management Group LLP lifted its position in shares of Mercury Systems, Inc. (NASDAQ:MRCYFree Report) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,903 shares of the technology company’s stock after acquiring an additional 1,251 shares during the quarter. Wellington Management Group LLP owned approximately 0.08% of Mercury Systems worth $1,715,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MRCY. VisionPoint Advisory Group LLC raised its holdings in Mercury Systems by 110.9% during the 3rd 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 last quarter. Psagot Value Holdings Ltd. Israel lifted its holdings in Mercury Systems by 511.5% in the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 1,278 shares of the technology company’s stock valued at $47,000 after buying an additional 1,069 shares during the period. DekaBank Deutsche Girozentrale bought a new position in Mercury Systems in the fourth quarter valued at approximately $169,000. Evoke Wealth LLC acquired a new stake in Mercury Systems during the 4th quarter worth $275,000. Finally, Cim Investment Management Inc. raised its position in shares of Mercury Systems by 36.1% during the 4th quarter. Cim Investment Management Inc. now owns 9,990 shares of the technology company’s stock valued at $365,000 after acquiring an additional 2,650 shares during the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Price Performance

NASDAQ MRCY opened at $28.35 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.93 and a current ratio of 4.58. Mercury Systems, Inc. has a 52-week low of $25.31 and a 52-week high of $40.95. The business has a 50 day simple moving average of $29.41 and a 200 day simple moving average of $30.25. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of -12.06 and a beta of 0.68.

Mercury Systems (NASDAQ:MRCYGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The technology company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.11). The company had revenue of $208.26 million for the quarter, compared to the consensus estimate of $212.03 million. Mercury Systems had a negative return on equity of 5.07% and a negative net margin of 16.08%. Analysts anticipate that Mercury Systems, Inc. will post -1.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MRCY shares. JPMorgan Chase & Co. raised their price target on Mercury Systems from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, May 24th. Truist Financial reduced their target price on Mercury Systems from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th. Four equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, Mercury Systems presently has an average rating of “Hold” and a consensus target price of $26.86.

Read Our Latest Analysis on Mercury Systems

Mercury Systems Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Mercury Systems (NASDAQ:MRCY)

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