WCM Investment Management LLC Has $18.56 Million Stock Position in Mercury Systems, Inc. (NASDAQ:MRCY)

WCM Investment Management LLC decreased its stake in Mercury Systems, Inc. (NASDAQ:MRCY) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 441,792 shares of the technology company’s stock after selling 8,339 shares during the period. WCM Investment Management LLC’s holdings in Mercury Systems were worth $18,555,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MRCY. Conestoga Capital Advisors LLC grew its position in Mercury Systems by 55.9% in the 4th quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company’s stock worth $87,058,000 after purchasing an additional 743,552 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Mercury Systems by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 658,833 shares of the technology company’s stock valued at $24,377,000 after buying an additional 9,582 shares during the period. Royce & Associates LP grew its position in Mercury Systems by 0.9% during the third quarter. Royce & Associates LP now owns 221,279 shares of the technology company’s stock worth $8,187,000 after buying an additional 1,920 shares in the last quarter. Van ECK Associates Corp increased its stake in Mercury Systems by 28.1% during the third quarter. Van ECK Associates Corp now owns 219,855 shares of the technology company’s stock valued at $7,431,000 after acquiring an additional 48,237 shares during the period. Finally, Barclays PLC raised its holdings in Mercury Systems by 471.3% in the 3rd quarter. Barclays PLC now owns 175,562 shares of the technology company’s stock valued at $6,496,000 after acquiring an additional 144,831 shares in the last quarter. Institutional investors own 95.99% of the company’s stock.

Mercury Systems Stock Down 4.2 %

Shares of Mercury Systems stock opened at $45.35 on Friday. The firm’s 50-day moving average price is $41.44 and its two-hundred day moving average price is $38.51. The company has a quick ratio of 2.59, a current ratio of 3.62 and a debt-to-equity ratio of 0.41. Mercury Systems, Inc. has a 1-year low of $26.11 and a 1-year high of $52.25.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates 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%. On average, sell-side analysts expect that Mercury Systems, Inc. will post -0.14 EPS for the current year.

Insider Activity at Mercury Systems

In other Mercury Systems news, COO Charles Roger Iv Wells sold 1,527 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $38.80, for a total value of $59,247.60. Following the transaction, the chief operating officer now directly owns 113,488 shares in the company, valued at approximately $4,403,334.40. This trade represents a 1.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MRCY. Baird R W upgraded Mercury Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. The Goldman Sachs Group increased their price objective on shares of Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a research note on Thursday, January 16th. StockNews.com raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Truist Financial increased their price target 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. Finally, JPMorgan Chase & Co. lifted their price objective on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $42.14.

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.