Fisher Asset Management LLC Invests $16.60 Million in Mercury Systems, Inc. (NASDAQ:MRCY)

Fisher Asset Management LLC acquired a new stake in Mercury Systems, Inc. (NASDAQ:MRCY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 395,265 shares of the technology company’s stock, valued at approximately $16,601,000. Fisher Asset Management LLC owned about 0.66% of Mercury Systems at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MRCY. Nisa Investment Advisors LLC grew its stake in Mercury Systems by 43.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock valued at $62,000 after acquiring an additional 503 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Mercury Systems in the 4th quarter valued at about $75,000. Covestor Ltd grew its stake in Mercury Systems by 41.2% in the 3rd quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock valued at $78,000 after acquiring an additional 620 shares during the last quarter. KBC Group NV grew its stake 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 last quarter. Finally, FMR LLC grew its stake in Mercury Systems by 46.5% in the 3rd quarter. FMR LLC now owns 3,067 shares of the technology company’s stock valued at $113,000 after acquiring an additional 974 shares during the last quarter. 95.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mercury Systems

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

Mercury Systems Trading Down 1.8 %

Shares of MRCY stock opened at $43.61 on Tuesday. The firm has a market cap of $2.60 billion, a P/E ratio of -27.96 and a beta of 0.79. Mercury Systems, Inc. has a 1-year low of $26.48 and a 1-year high of $52.25. 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 firm’s 50-day simple moving average is $43.17 and its 200-day simple moving average is $39.60.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.08) earnings per share 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 forecast that Mercury Systems, Inc. will post -0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MRCY. 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. Jefferies Financial Group upgraded shares of Mercury Systems from an “underperform” rating to a “hold” rating and upped their target price for the company from $30.00 to $42.00 in a report on Monday, November 11th. Robert W. Baird upgraded shares of Mercury Systems from a “neutral” rating to an “outperform” rating and upped their target price for the company from $37.00 to $58.00 in a report on Wednesday, February 5th. StockNews.com upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Finally, The Goldman Sachs Group upped their target price on shares of Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $42.14.

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.