Conestoga Capital Advisors LLC Has $89.61 Million Stock Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Conestoga Capital Advisors LLC boosted its position in Mercury Systems, Inc. (NASDAQ:MRCY) by 13.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,450,459 shares of the technology company’s stock after purchasing an additional 288,973 shares during the period. Conestoga Capital Advisors LLC’s holdings in Mercury Systems were worth $89,613,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Advisor Group Holdings Inc. lifted its position in Mercury Systems by 7.0% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,960 shares of the technology company’s stock worth $132,000 after acquiring an additional 193 shares during the last quarter. Truist Financial Corp raised its position in shares of Mercury Systems by 4.2% in the fourth quarter. Truist Financial Corp now owns 6,173 shares of the technology company’s stock valued at $276,000 after buying an additional 247 shares in the last quarter. Cim Investment Management Inc. raised its position in shares of Mercury Systems by 3.6% in the first quarter. Cim Investment Management Inc. now owns 7,340 shares of the technology company’s stock valued at $375,000 after buying an additional 252 shares in the last quarter. Transatlantique Private Wealth LLC raised its position in shares of Mercury Systems by 2.4% in the third quarter. Transatlantique Private Wealth LLC now owns 14,032 shares of the technology company’s stock valued at $513,000 after buying an additional 328 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in shares of Mercury Systems by 22.0% in the second quarter. Captrust Financial Advisors now owns 1,919 shares of the technology company’s stock valued at $123,000 after buying an additional 346 shares in the last quarter. 95.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MRCY has been the subject of a number of analyst reports. Truist Financial downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating and dropped their price target for the company from $48.00 to $28.00 in a research report on Wednesday, February 7th. The Goldman Sachs Group cut their target price on Mercury Systems from $24.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, February 8th. Royal Bank of Canada cut their target price on Mercury Systems from $35.00 to $30.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 7th. Finally, Jefferies Financial Group downgraded Mercury Systems from a “hold” rating to an “underperform” rating and cut their target price for the stock from $35.00 to $30.00 in a report on Wednesday, January 3rd. Four research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $29.88.

Insider Buying and Selling at Mercury Systems

In other Mercury Systems news, Director Barry R. Nearhos bought 3,500 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $27.15 per share, with a total value of $95,025.00. Following the completion of the purchase, the director now owns 3,500 shares of the company’s stock, valued at $95,025. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. In other Mercury Systems news, Director Barry R. Nearhos bought 3,500 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $27.15 per share, with a total value of $95,025.00. Following the completion of the purchase, the director now owns 3,500 shares of the company’s stock, valued at $95,025. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William L. Ballhaus bought 3,653 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were acquired at an average cost of $28.22 per share, with a total value of $103,087.66. Following the purchase, the chief executive officer now directly owns 3,653 shares of the company’s stock, valued at approximately $103,087.66. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 14,133 shares of company stock valued at $398,311 and sold 3,510 shares valued at $103,685. Insiders own 1.80% of the company’s stock.

Mercury Systems Trading Down 2.2 %

Shares of Mercury Systems stock traded down $0.65 during trading on Wednesday, reaching $28.64. 181,852 shares of the stock were exchanged, compared to its average volume of 558,101. The company has a quick ratio of 2.79, a current ratio of 4.36 and a debt-to-equity ratio of 0.41. The stock’s fifty day moving average is $29.13 and its 200 day moving average is $33.06. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of -19.66 and a beta of 0.70. Mercury Systems, Inc. has a 1 year low of $25.31 and a 1 year high of $52.95.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.48). Mercury Systems had a negative return on equity of 2.62% and a negative net margin of 9.54%. The company had revenue of $197.46 million during the quarter, compared to analysts’ expectations of $215.41 million. As a group, equities research analysts expect that Mercury Systems, Inc. will post -1.36 earnings per share for the current fiscal 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.