Alliancebernstein L.P. Sells 591 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Alliancebernstein L.P. cut its holdings in Mercury Systems, Inc. (NASDAQ:MRCY) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,544 shares of the technology company’s stock after selling 591 shares during the period. Alliancebernstein L.P. owned approximately 0.11% of Mercury Systems worth $2,753,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Mercury Systems during the 4th quarter worth about $75,000. KBC Group NV raised its stake in shares of 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. FMR LLC boosted its position in Mercury Systems by 46.5% during the third quarter. FMR LLC now owns 3,067 shares of the technology company’s stock worth $113,000 after purchasing an additional 974 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in Mercury Systems by 52.5% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,502 shares of the technology company’s stock worth $189,000 after purchasing an additional 1,549 shares during the period. Finally, Cibc World Markets Corp acquired a new position in Mercury Systems during the fourth quarter valued at approximately $204,000. 95.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mercury Systems news, COO Charles Roger Iv Wells sold 2,342 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total transaction of $103,329.04. Following the completion of the transaction, the chief operating officer now directly owns 95,928 shares in the company, valued at $4,232,343.36. This represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Douglas Munro sold 595 shares of Mercury Systems stock in a transaction on 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 directly owns 14,572 shares of the company’s stock, valued at approximately $642,916.64. The trade was a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,314 shares of company stock valued at $234,454 over the last quarter. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

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

Mercury Systems Price Performance

Shares of MRCY stock opened at $48.03 on Wednesday. Mercury Systems, Inc. has a 12 month low of $26.48 and a 12 month high of $52.25. The company has a market capitalization of $2.87 billion, a P/E ratio of -30.79 and a beta of 0.86. The stock has a 50 day moving average of $44.51 and a two-hundred day moving average of $41.25. The company has a current ratio of 3.62, a quick ratio of 2.36 and a debt-to-equity ratio of 0.41.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, February 4th. The technology company reported ($0.08) EPS for the quarter, missing the consensus estimate 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 analysts expect that Mercury Systems, Inc. will post -0.08 EPS for the current year.

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.