Natixis Advisors LLC increased its stake in shares of Mercury Systems Inc (NASDAQ:MRCY - Free Report) by 63.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,642 shares of the technology company's stock after buying an additional 10,367 shares during the quarter. Natixis Advisors LLC's holdings in Mercury Systems were worth $1,148,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Sterling Capital Management LLC grew its stake in shares of Mercury Systems by 762.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company's stock worth $69,000 after purchasing an additional 1,449 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Mercury Systems by 11.8% in the first quarter. Principal Financial Group Inc. now owns 274,954 shares of the technology company's stock valued at $11,848,000 after buying an additional 29,074 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Mercury Systems in the fourth quarter valued at $241,000. Calamos Advisors LLC acquired a new stake in shares of Mercury Systems in the first quarter valued at $848,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Mercury Systems by 6,776.2% in the first quarter. GAMMA Investing LLC now owns 45,589 shares of the technology company's stock valued at $1,964,000 after buying an additional 44,926 shares during the period. Institutional investors own 95.99% of the company's stock.
Mercury Systems Stock Up 0.4%
Shares of Mercury Systems stock opened at $52.83 on Friday. The stock has a 50-day moving average price of $51.94 and a 200 day moving average price of $47.78. The company has a market cap of $3.16 billion, a P/E ratio of -47.17, a P/E/G ratio of 2.48 and a beta of 0.72. The company has a current ratio of 3.44, a quick ratio of 2.25 and a debt-to-equity ratio of 0.41. Mercury Systems Inc has a 1 year low of $32.32 and a 1 year high of $55.40.
Insider Transactions at Mercury Systems
In related news, EVP Steven Ratner sold 1,839 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $53.48, for a total value of $98,349.72. Following the completion of the sale, the executive vice president directly owned 35,174 shares of the company's stock, valued at approximately $1,881,105.52. This represents a 4.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company's stock.
Wall Street Analyst Weigh In
MRCY has been the subject of several analyst reports. The Goldman Sachs Group upped their target price on Mercury Systems from $30.00 to $33.00 and gave the company a "sell" rating in a report on Monday, May 12th. JPMorgan Chase & Co. upped their target price on Mercury Systems from $48.00 to $56.00 and gave the company a "neutral" rating in a report on Monday, June 16th. Royal Bank Of Canada upped their target price on Mercury Systems from $50.00 to $55.00 and gave the company a "sector perform" rating in a report on Thursday, July 3rd. Finally, Truist Financial upped their target price on Mercury Systems from $56.00 to $60.00 and gave the company a "buy" rating in a report on Monday, June 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $50.29.
View Our Latest Stock Analysis on Mercury Systems
About Mercury Systems
(
Free Report)
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.
Further Reading
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