Ironwood Investment Management LLC Purchases 300 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Ironwood Investment Management LLC increased its holdings in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,994 shares of the technology company’s stock after buying an additional 300 shares during the quarter. Ironwood Investment Management LLC owned 0.07% of Mercury Systems worth $1,722,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Mercury Systems during the 4th quarter valued at about $75,000. KBC Group NV raised its holdings in Mercury Systems by 49.4% during the 4th quarter. KBC Group NV now owns 2,496 shares of the technology company’s stock worth $105,000 after buying an additional 825 shares during the period. FMR LLC lifted its stake in Mercury Systems by 46.5% in the third quarter. FMR LLC now owns 3,067 shares of the technology company’s stock valued at $113,000 after buying an additional 974 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings 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 valued at $189,000 after buying an additional 1,549 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Mercury Systems during the third quarter worth $219,000. 95.99% of the stock is currently owned by institutional investors.

Mercury Systems Stock Performance

Shares of MRCY stock opened at $46.52 on Friday. The company has a fifty day moving average price of $43.54 and a two-hundred day moving average price of $39.92. Mercury Systems, Inc. has a one year low of $26.48 and a one year high of $52.25. The stock has a market cap of $2.78 billion, a P/E ratio of -29.82 and a beta of 0.80. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.36.

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 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, equities analysts predict that Mercury Systems, Inc. will post -0.08 EPS for the current year.

Insider Buying and Selling

In related news, CAO Douglas Munro sold 595 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $26,251.40. Following the transaction, the chief accounting officer now owns 14,572 shares in the company, valued at approximately $642,916.64. This represents a 3.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stuart Kupinsky sold 2,377 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $104,873.24. Following the completion of the transaction, the executive vice president now directly owns 62,834 shares in the company, valued at approximately $2,772,236.08. This represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,314 shares of company stock valued at $234,454. 1.60% of the stock is owned by insiders.

Analyst Ratings Changes

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

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.