Staley Capital Advisers Inc. Sells 6,790 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Staley Capital Advisers Inc. reduced its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 488,080 shares of the technology company’s stock after selling 6,790 shares during the period. Mercury Systems accounts for about 0.9% of Staley Capital Advisers Inc.’s holdings, making the stock its 28th biggest position. Staley Capital Advisers Inc.’s holdings in Mercury Systems were worth $20,499,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in MRCY. Conestoga Capital Advisors LLC lifted its position in shares of Mercury Systems by 55.9% during the fourth quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company’s stock valued at $87,058,000 after purchasing an additional 743,552 shares in the last quarter. Fisher Asset Management LLC bought a new position in shares of Mercury Systems during the fourth quarter valued at about $16,601,000. Victory Capital Management Inc. lifted its position in shares of Mercury Systems by 16.7% during the fourth quarter. Victory Capital Management Inc. now owns 2,060,131 shares of the technology company’s stock valued at $86,526,000 after purchasing an additional 294,747 shares in the last quarter. Barclays PLC lifted its position in shares of Mercury Systems by 471.3% during the third quarter. Barclays PLC now owns 175,562 shares of the technology company’s stock valued at $6,496,000 after purchasing an additional 144,831 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Mercury Systems in the fourth quarter worth about $4,258,000. 95.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on MRCY. Jefferies Financial Group raised shares of Mercury Systems from an “underperform” rating to a “hold” rating and lifted their price objective for the stock from $30.00 to $42.00 in a research report on Monday, November 11th. Truist Financial lifted their price objective on shares of Mercury Systems from $35.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Baird R W raised shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. StockNews.com raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, Robert W. Baird raised shares of Mercury Systems from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $37.00 to $58.00 in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $42.14.

Insider Transactions at Mercury Systems

In related news, COO Charles Roger Iv Wells sold 2,342 shares of the business’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 $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 approximately $4,232,343.36. The trade was a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Douglas Munro sold 595 shares of the business’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 transaction, the chief accounting officer now directly owns 14,572 shares of the company’s stock, valued at approximately $642,916.64. This represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,314 shares of company stock worth $234,454 over the last quarter. Corporate insiders own 1.60% of the company’s stock.

Mercury Systems Price Performance

MRCY opened at $42.53 on Tuesday. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of -27.26 and a beta of 0.80. 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 firm has a 50-day moving average price of $43.38 and a 200-day moving average price of $39.76. Mercury Systems, Inc. has a twelve month low of $26.48 and a twelve month high of $52.25.

Mercury Systems (NASDAQ:MRCY) last posted its earnings results 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%. Equities analysts expect that Mercury Systems, Inc. will post -0.08 EPS for the current year.

Mercury Systems Company 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.