Mercury Systems, Inc. (NASDAQ:MRCY) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its position in Mercury Systems, Inc. (NASDAQ:MRCY) by 19.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,241 shares of the technology company’s stock after acquiring an additional 12,166 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Mercury Systems were worth $2,752,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Mercury Systems by 8.3% in the third quarter. Vanguard Group Inc. now owns 5,615,965 shares of the technology company’s stock worth $208,296,000 after purchasing an additional 429,532 shares during the period. Public Sector Pension Investment Board acquired a new stake in shares of Mercury Systems in the third quarter valued at approximately $2,345,000. William Blair Investment Management LLC raised its holdings in shares of Mercury Systems by 25.6% during the third quarter. William Blair Investment Management LLC now owns 6,749,562 shares of the technology company’s stock valued at $250,341,000 after buying an additional 1,376,905 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its position in shares of Mercury Systems by 1,150.7% during the third quarter. Schonfeld Strategic Advisors LLC now owns 292,107 shares of the technology company’s stock worth $10,834,000 after buying an additional 268,752 shares during the period. Finally, VisionPoint Advisory Group LLC grew its holdings in Mercury Systems by 110.9% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 715 shares of the technology company’s stock worth $27,000 after buying an additional 376 shares in the last quarter. 95.99% of the stock is currently owned by institutional investors.

Mercury Systems Trading Up 0.0 %

NASDAQ:MRCY opened at $29.09 on Tuesday. The stock has a fifty day simple moving average of $28.80 and a 200 day simple moving average of $32.20. Mercury Systems, Inc. has a 1-year low of $25.31 and a 1-year high of $48.00. The company has a current ratio of 4.36, a quick ratio of 2.79 and a debt-to-equity ratio of 0.41.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, February 6th. The technology company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.48). The firm had revenue of $197.46 million during the quarter, compared to analyst estimates of $215.41 million. Mercury Systems had a negative return on equity of 2.62% and a negative net margin of 9.54%. Equities analysts predict that Mercury Systems, Inc. will post -1.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MRCY. Royal Bank of Canada cut their target price on Mercury Systems from $35.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 7th. Truist Financial cut shares of Mercury Systems from a “buy” rating to a “hold” rating and cut their price objective for the company from $48.00 to $28.00 in a research note on Wednesday, February 7th. Jefferies Financial Group lowered shares of Mercury Systems from a “hold” rating to an “underperform” rating and decreased their target price for the company from $35.00 to $30.00 in a research report on Wednesday, January 3rd. Finally, The Goldman Sachs Group dropped their price target on shares of Mercury Systems from $24.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, February 8th. Four research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $29.88.

Insider Buying and Selling

In other Mercury Systems news, EVP Stephanie Georges sold 1,409 shares of Mercury Systems stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $29.57, for a total transaction of $41,664.13. Following the transaction, the executive vice president now directly owns 38,319 shares in the company, valued at approximately $1,133,092.83. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Stephanie Georges sold 1,409 shares of Mercury Systems stock in a transaction on Friday, February 16th. The stock was sold at an average price of $29.57, for a total transaction of $41,664.13. Following the transaction, the executive vice president now owns 38,319 shares in the company, valued at $1,133,092.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Charles Roger Iv Wells sold 1,696 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $29.57, for a total value of $50,150.72. Following the transaction, the chief operating officer now directly owns 105,427 shares in the company, valued at $3,117,476.39. The disclosure for this sale can be found here. In the last 90 days, insiders bought 14,133 shares of company stock valued at $398,311 and sold 3,510 shares valued at $103,685. Company insiders own 1.80% 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.