Captrust Financial Advisors Takes $212,000 Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Captrust Financial Advisors acquired a new stake in Mercury Systems, Inc. (NASDAQ:MRCY) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 5,042 shares of the technology company’s stock, valued at approximately $212,000.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Mercury Systems by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,550,610 shares of the technology company’s stock valued at $233,126,000 after buying an additional 41,324 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Mercury Systems by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,202,124 shares of the technology company’s stock valued at $92,490,000 after buying an additional 52,725 shares during the last quarter. Conestoga Capital Advisors LLC boosted its holdings in shares of Mercury Systems by 55.9% in the 4th quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company’s stock valued at $87,058,000 after buying an additional 743,552 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Mercury Systems by 16.7% in the 4th quarter. Victory Capital Management Inc. now owns 2,060,131 shares of the technology company’s stock valued at $86,526,000 after buying an additional 294,747 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Mercury Systems by 50.8% in the 4th quarter. First Trust Advisors LP now owns 988,936 shares of the technology company’s stock valued at $41,535,000 after buying an additional 333,109 shares during the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Stock Up 0.0%

MRCY stock opened at $46.91 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.36. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of -30.07 and a beta of 0.70. The business’s fifty day moving average price is $46.58 and its two-hundred day moving average price is $43.63. Mercury Systems, Inc. has a fifty-two week low of $26.48 and a fifty-two week high of $52.25.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $211.36 million for the quarter, compared to analysts’ expectations of $204.25 million. Mercury Systems had a negative return on equity of 2.03% and a negative net margin of 10.23%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.26) EPS. On average, equities analysts anticipate that Mercury Systems, Inc. will post -0.08 earnings per share for the current year.

Insiders Place Their Bets

In other Mercury Systems news, Director Jana Partners Management, Lp sold 88,152 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $46.27, for a total transaction of $4,078,793.04. Following the transaction, the director now owns 6,861,313 shares in the company, valued at $317,472,952.51. This trade represents a 1.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven Ratner sold 3,892 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $47.70, for a total value of $185,648.40. Following the transaction, the executive vice president now owns 56,187 shares in the company, valued at $2,680,119.90. The trade was a 6.48% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

MRCY has been the topic of a number of research analyst reports. Truist Financial upgraded Mercury Systems from a “hold” rating to a “buy” rating and increased their price target for the company from $49.00 to $56.00 in a research note on Thursday, March 13th. Royal Bank of Canada increased their price target on Mercury Systems from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 7th. Robert W. Baird upgraded Mercury Systems from a “neutral” rating to an “outperform” rating and increased their price target for the company from $37.00 to $58.00 in a research note on Wednesday, February 5th. The Goldman Sachs Group increased their price target on Mercury Systems from $30.00 to $33.00 and gave the company a “sell” rating in a research note on Monday, May 12th. Finally, Baird R W upgraded Mercury Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $46.71.

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.