BNP Paribas Financial Markets Sells 13,106 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

BNP Paribas Financial Markets lowered its position in Mercury Systems, Inc. (NASDAQ:MRCY) by 27.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,480 shares of the technology company’s stock after selling 13,106 shares during the quarter. BNP Paribas Financial Markets’ holdings in Mercury Systems were worth $1,448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MRCY. Barclays PLC raised its position in shares of Mercury Systems by 471.3% in the third quarter. Barclays PLC now owns 175,562 shares of the technology company’s stock worth $6,496,000 after buying an additional 144,831 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Mercury Systems by 3.9% in the third quarter. JPMorgan Chase & Co. now owns 46,220 shares of the technology company’s stock worth $1,710,000 after buying an additional 1,731 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position 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 worth $189,000 after buying an additional 1,549 shares in the last quarter. KBC Group NV raised its position in shares of Mercury Systems by 49.4% in the fourth quarter. KBC Group NV now owns 2,496 shares of the technology company’s stock worth $105,000 after buying an additional 825 shares in the last quarter. Finally, Conestoga Capital Advisors LLC raised its position in shares of Mercury Systems by 55.9% in the fourth quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company’s stock worth $87,058,000 after buying an additional 743,552 shares in the last quarter. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Mercury Systems Stock Performance

NASDAQ MRCY opened at $46.14 on Monday. The company has a 50-day simple moving average of $46.41 and a two-hundred day simple moving average of $43.38. The company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41. Mercury Systems, Inc. has a 12-month low of $26.48 and a 12-month high of $52.25. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of -29.58 and a beta of 0.70.

Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, May 6th. The technology company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The company had revenue of $211.36 million during the quarter, compared to analyst estimates of $204.25 million. Mercury Systems had a negative net margin of 10.23% and a negative return on equity of 2.03%. Mercury Systems’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.26) earnings per share. On average, equities analysts forecast that Mercury Systems, Inc. will post -0.08 EPS for the current year.

Insider Transactions at Mercury Systems

In other Mercury Systems news, Director Jana Partners Management, Lp sold 88,152 shares of the firm’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $46.27, for a total value of $4,078,793.04. Following the completion of the sale, the director now directly owns 6,861,313 shares in the company, valued at $317,472,952.51. This trade represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Steven Ratner sold 3,892 shares of the firm’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $47.70, for a total transaction of $185,648.40. Following the completion of the sale, the executive vice president now owns 56,187 shares of the company’s stock, valued at $2,680,119.90. This trade represents a 6.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,358 shares of company stock worth $4,498,895. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Baird R W upgraded Mercury Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Robert W. Baird raised Mercury Systems from a “neutral” rating to an “outperform” rating and increased their target price for the company from $37.00 to $58.00 in a research note on Wednesday, February 5th. Truist Financial raised Mercury Systems from a “hold” rating to a “buy” rating and increased their target price for the company from $49.00 to $56.00 in a research note on Thursday, March 13th. Royal Bank of Canada increased their target price on Mercury Systems from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group increased their target price on Mercury Systems from $30.00 to $33.00 and gave the company a “sell” rating in a research note on Monday, May 12th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $46.71.

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.