Mercury Systems, Inc. (NASDAQ:MRCY) Stock Holdings Lowered by Trexquant Investment LP

Trexquant Investment LP lessened its position in Mercury Systems, Inc. (NASDAQ:MRCY) by 63.8% during the fourth quarter, Holdings Channel reports. The fund owned 60,400 shares of the technology company’s stock after selling 106,401 shares during the quarter. Trexquant Investment LP’s holdings in Mercury Systems were worth $2,537,000 as of its most recent filing with the Securities & Exchange Commission.

Several 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 fourth quarter valued at approximately $75,000. KBC Group NV increased 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 during the period. FMR LLC boosted its position in Mercury Systems by 46.5% during the 3rd quarter. FMR LLC now owns 3,067 shares of the technology company’s stock worth $113,000 after acquiring an additional 974 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Mercury Systems by 52.5% in 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 in the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of Mercury Systems during the fourth quarter valued at $204,000. 95.99% of the stock is currently owned by institutional investors.

Mercury Systems Trading Down 4.8 %

Mercury Systems stock opened at $41.52 on Tuesday. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of -26.62 and a beta of 0.86. Mercury Systems, Inc. has a 1 year low of $26.48 and a 1 year high of $52.25. The firm’s 50 day moving average price is $44.17 and its two-hundred day moving average price is $40.83. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.36 and a current ratio of 3.62.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (EPS) 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%. On average, research analysts predict that Mercury Systems, Inc. will post -0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Mercury Systems news, EVP Stuart Kupinsky sold 2,377 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $104,873.24. Following the sale, the executive vice president now directly owns 62,834 shares of the company’s stock, valued at $2,772,236.08. The trade was a 3.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Charles Roger Iv Wells sold 2,342 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 $103,329.04. Following the completion of the sale, the chief operating officer now directly owns 95,928 shares of the company’s stock, valued at approximately $4,232,343.36. This trade represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,314 shares of company stock worth $234,454. Company insiders own 1.60% of the company’s stock.

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.