Thrivent Financial for Lutherans Sells 475 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Thrivent Financial for Lutherans lessened its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,179 shares of the technology company’s stock after selling 475 shares during the period. Thrivent Financial for Lutherans’ holdings in Mercury Systems were worth $1,646,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Intech Investment Management LLC bought a new stake in Mercury Systems during the 3rd quarter valued at about $452,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Mercury Systems by 1.5% during 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 last quarter. Citigroup Inc. increased its position in shares of Mercury Systems by 15.3% during the third quarter. Citigroup Inc. now owns 110,383 shares of the technology company’s stock valued at $4,084,000 after acquiring an additional 14,620 shares in the last quarter. Cerity Partners LLC raised its holdings in Mercury Systems by 2.9% in the 3rd quarter. Cerity Partners LLC now owns 58,174 shares of the technology company’s stock worth $2,152,000 after acquiring an additional 1,615 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Mercury Systems by 7.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 31,483 shares of the technology company’s stock valued at $1,165,000 after acquiring an additional 2,072 shares in the last quarter. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on MRCY shares. The Goldman Sachs Group lifted their target price on Mercury Systems from $25.00 to $28.00 and gave the stock a “sell” rating in a report on Thursday, January 16th. Robert W. Baird upgraded 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 report on Wednesday, February 5th. Baird R W upgraded shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Truist Financial upgraded shares of Mercury Systems from a “hold” rating to a “buy” rating and lifted their price target for the stock from $49.00 to $56.00 in a research note on Thursday, March 13th. Finally, StockNews.com upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $43.86.

Insider Buying and Selling

In other Mercury Systems news, COO Charles Roger Iv Wells sold 2,342 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $103,329.04. Following the completion of the sale, the chief operating officer now owns 95,928 shares in the company, valued at approximately $4,232,343.36. This represents a 2.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Douglas Munro sold 595 shares of the business’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 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 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 company insiders.

Mercury Systems Price Performance

Shares of NASDAQ:MRCY opened at $42.82 on Monday. 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 stock has a market capitalization of $2.56 billion, a PE ratio of -27.45 and a beta of 0.80. The firm’s 50 day moving average price is $44.06 and its 200-day moving average price is $40.55. Mercury Systems, Inc. has a twelve month low of $26.48 and a twelve month high of $52.25.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, February 4th. The technology company reported ($0.08) EPS 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%. Equities research analysts expect that Mercury Systems, Inc. will post -0.08 EPS for the current year.

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.