LPL Financial LLC Increases Stock Position in Mercury Systems, Inc. (NASDAQ:MRCY)

LPL Financial LLC lifted its holdings in Mercury Systems, Inc. (NASDAQ:MRCY) by 11.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,746 shares of the technology company’s stock after buying an additional 5,388 shares during the quarter. LPL Financial LLC owned approximately 0.09% of Mercury Systems worth $2,261,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Corient Private Wealth LLC raised its holdings in Mercury Systems by 4.0% in the fourth quarter. Corient Private Wealth LLC now owns 6,858 shares of the technology company’s stock worth $288,000 after buying an additional 266 shares during the last quarter. Ironwood Investment Management LLC raised its holdings in Mercury Systems by 0.7% in the 4th quarter. Ironwood Investment Management LLC now owns 40,994 shares of the technology company’s stock worth $1,722,000 after acquiring an additional 300 shares during the last quarter. Johnson Investment Counsel Inc. raised its holdings in Mercury Systems by 9.1% in the 4th quarter. Johnson Investment Counsel Inc. now owns 6,641 shares of the technology company’s stock worth $279,000 after acquiring an additional 555 shares during the last quarter. KBC Group NV lifted its position in Mercury Systems by 49.4% in the 4th quarter. KBC Group NV now owns 2,496 shares of the technology company’s stock valued at $105,000 after acquiring an additional 825 shares in the last quarter. Finally, FMR LLC boosted its stake in Mercury Systems by 46.5% during the 3rd quarter. FMR LLC now owns 3,067 shares of the technology company’s stock valued at $113,000 after purchasing an additional 974 shares during the last quarter. 95.99% of the stock is currently owned by institutional investors.

Mercury Systems Stock Up 2.1 %

NASDAQ:MRCY opened at $47.16 on Tuesday. The firm has a market capitalization of $2.81 billion, a P/E ratio of -30.23 and a beta of 0.86. The company’s fifty day moving average price is $44.49 and its 200-day moving average price is $41.21. Mercury Systems, Inc. has a 1-year low of $26.48 and a 1-year high of $52.25. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.36.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Truist Financial upgraded shares of Mercury Systems from a “hold” rating to a “buy” rating and lifted their price target for the stock from $49.00 to $56.00 in a research note on Thursday, March 13th. Robert W. Baird upgraded Mercury Systems from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $37.00 to $58.00 in a research note on Wednesday, February 5th. The Goldman Sachs Group upped their price objective on Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a research report on Thursday, January 16th. Finally, Baird R W raised Mercury Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $43.86.

Insiders Place Their Bets

In other Mercury Systems news, CAO Douglas Munro sold 595 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $26,251.40. Following the transaction, the chief accounting officer now owns 14,572 shares of the company’s stock, valued at $642,916.64. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Stuart Kupinsky sold 2,377 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 62,834 shares of the company’s stock, valued at approximately $2,772,236.08. This represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,314 shares of company stock valued at $234,454 in the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

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.