LaFleur & Godfrey LLC Sells 20,995 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

LaFleur & Godfrey LLC lessened its position in Mercury Systems, Inc. (NASDAQ:MRCY) by 64.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,375 shares of the technology company’s stock after selling 20,995 shares during the quarter. LaFleur & Godfrey LLC’s holdings in Mercury Systems were worth $421,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MRCY. Nisa Investment Advisors LLC increased its position in shares of Mercury Systems by 1,126.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock valued at $31,000 after purchasing an additional 1,070 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Mercury Systems by 216.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock worth $64,000 after acquiring an additional 1,622 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Mercury Systems in the 2nd quarter worth approximately $81,000. Quest Partners LLC lifted its holdings in shares of Mercury Systems by 10,995.5% in the 2nd quarter. Quest Partners LLC now owns 4,882 shares of the technology company’s stock worth $132,000 after acquiring an additional 4,838 shares during the last quarter. Finally, Headlands Technologies LLC grew its holdings in shares of Mercury Systems by 625.7% during the 2nd quarter. Headlands Technologies LLC now owns 5,726 shares of the technology company’s stock valued at $155,000 after purchasing an additional 4,937 shares during the last quarter. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Wall Street Analysts Forecast Growth

MRCY has been the subject of several analyst reports. Royal Bank of Canada upped their price target on shares of Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 14th. StockNews.com upgraded Mercury Systems from a “sell” rating to a “hold” rating in a research report on Saturday, October 5th. Alembic Global Advisors raised Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price target on the stock in a research note on Monday, August 19th. JPMorgan Chase & Co. increased their price objective on Mercury Systems from $26.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Finally, Robert W. Baird lifted their target price on shares of Mercury Systems from $26.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $33.50.

Insider Buying and Selling

In other news, Director Debora A. Plunkett sold 1,843 shares of Mercury Systems stock in a transaction on Friday, August 30th. The stock was sold at an average price of $38.07, for a total transaction of $70,163.01. Following the completion of the sale, the director now directly owns 11,339 shares in the company, valued at approximately $431,675.73. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Jana Partners Management, Lp bought 13,600 shares of Mercury Systems stock in a transaction on Tuesday, August 27th. The stock was acquired at an average cost of $37.25 per share, for a total transaction of $506,600.00. Following the completion of the acquisition, the director now owns 6,944,633 shares of the company’s stock, valued at $258,687,579.25. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Debora A. Plunkett sold 1,843 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $38.07, for a total transaction of $70,163.01. Following the completion of the sale, the director now owns 11,339 shares in the company, valued at $431,675.73. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,099 shares of company stock valued at $865,740. Company insiders own 1.80% of the company’s stock.

Mercury Systems Price Performance

Shares of NASDAQ MRCY remained flat at $35.99 during mid-day trading on Wednesday. The stock had a trading volume of 96,333 shares, compared to its average volume of 592,884. The company has a quick ratio of 2.64, a current ratio of 4.07 and a debt-to-equity ratio of 0.40. Mercury Systems, Inc. has a 1 year low of $25.31 and a 1 year high of $42.72. The firm’s 50 day simple moving average is $36.92 and its two-hundred day simple moving average is $32.53. The company has a market cap of $2.14 billion, a price-to-earnings ratio of -15.32 and a beta of 0.70.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.32. The business had revenue of $248.56 million for the quarter, compared to the consensus estimate of $223.80 million. Mercury Systems had a negative return on equity of 4.92% and a negative net margin of 16.48%. Analysts anticipate that Mercury Systems, Inc. will post -0.52 EPS for the current fiscal year.

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.