Kennedy Capital Management LLC Has $19.58 Million Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Kennedy Capital Management LLC grew its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 146.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 466,177 shares of the technology company’s stock after purchasing an additional 277,355 shares during the period. Kennedy Capital Management LLC’s holdings in Mercury Systems were worth $19,579,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Corient Private Wealth LLC grew its stake in Mercury Systems by 4.0% during 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 grew its stake in shares of Mercury Systems by 0.7% during the fourth quarter. Ironwood Investment Management LLC now owns 40,994 shares of the technology company’s stock valued at $1,722,000 after purchasing an additional 300 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Mercury Systems by 5.0% during the fourth quarter. Bank of Montreal Can now owns 10,984 shares of the technology company’s stock valued at $461,000 after purchasing an additional 519 shares during the last quarter. Johnson Investment Counsel Inc. grew its stake in shares of Mercury Systems by 9.1% during the fourth quarter. Johnson Investment Counsel Inc. now owns 6,641 shares of the technology company’s stock valued at $279,000 after purchasing an additional 555 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of Mercury Systems by 49.4% during the fourth quarter. KBC Group NV now owns 2,496 shares of the technology company’s stock valued at $105,000 after purchasing an additional 825 shares during the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Analysts Set New Price Targets

MRCY has been the topic of a number of recent research reports. Baird R W raised shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Truist Financial raised shares of Mercury Systems from a “hold” rating to a “buy” rating and raised their price objective for the company from $49.00 to $56.00 in a research note on Thursday, March 13th. The Goldman Sachs Group raised their price objective on shares of Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a research note on Thursday, January 16th. Finally, Robert W. Baird raised shares of Mercury Systems from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $37.00 to $58.00 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 issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $43.86.

Mercury Systems Trading Up 3.8 %

Shares of NASDAQ:MRCY opened at $44.61 on Thursday. Mercury Systems, Inc. has a 12 month low of $26.48 and a 12 month high of $52.25. The company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41. The company’s fifty day simple moving average is $44.41 and its 200 day simple moving average is $40.98. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of -28.60 and a beta of 0.86.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Mercury Systems had a negative net margin of 10.23% and a negative return on equity of 2.03%. As a group, research analysts forecast that Mercury Systems, Inc. will post -0.08 EPS for the current fiscal year.

Insider Buying and Selling at Mercury Systems

In other news, COO Charles Roger Iv Wells sold 2,342 shares of Mercury Systems stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $103,329.04. Following the completion of the transaction, the chief operating officer now owns 95,928 shares of the company’s stock, valued at $4,232,343.36. This trade represents a 2.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Douglas Munro sold 595 shares of Mercury Systems stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $26,251.40. Following the completion of the transaction, the chief accounting officer now directly owns 14,572 shares of the company’s stock, valued at approximately $642,916.64. This trade represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,314 shares of company stock worth $234,454. Insiders own 1.60% of the company’s stock.

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.