Louisiana State Employees Retirement System Increases Stake in Mercury Systems, Inc. (NASDAQ:MRCY)

Louisiana State Employees Retirement System boosted its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 1.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 26,300 shares of the technology company’s stock after purchasing an additional 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Mercury Systems were worth $710,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Illinois Municipal Retirement Fund grew its position in Mercury Systems by 1.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 29,782 shares of the technology company’s stock valued at $879,000 after purchasing an additional 450 shares during the last quarter. Yousif Capital Management LLC grew its position in Mercury Systems by 1.9% during the 4th quarter. Yousif Capital Management LLC now owns 25,887 shares of the technology company’s stock valued at $947,000 after purchasing an additional 475 shares during the last quarter. Texas Permanent School Fund Corp grew its position in Mercury Systems by 1.1% during the 1st quarter. Texas Permanent School Fund Corp now owns 45,577 shares of the technology company’s stock valued at $1,345,000 after purchasing an additional 514 shares during the last quarter. Psagot Value Holdings Ltd. Israel grew its position in Mercury Systems by 511.5% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 1,278 shares of the technology company’s stock valued at $47,000 after purchasing an additional 1,069 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Mercury Systems by 1,126.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock valued at $31,000 after purchasing an additional 1,070 shares during the last quarter. 95.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mercury Systems

In other news, CEO William L. Ballhaus sold 6,549 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $39.49, for a total value of $258,620.01. Following the transaction, the chief executive officer now owns 353,481 shares in the company, valued at approximately $13,958,964.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Mercury Systems news, EVP Stephanie Georges sold 1,340 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $39.49, for a total transaction of $52,916.60. Following the sale, the executive vice president now owns 32,259 shares in the company, valued at approximately $1,273,907.91. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William L. Ballhaus sold 6,549 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $39.49, for a total transaction of $258,620.01. Following the sale, the chief executive officer now owns 353,481 shares in the company, valued at approximately $13,958,964.69. The disclosure for this sale can be found here. Insiders have sold 20,187 shares of company stock worth $792,982 in the last quarter. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MRCY shares. Alembic Global Advisors raised shares of Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price target on the stock in a report on Monday, August 19th. Royal Bank of Canada raised their price target on shares of Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a report on Wednesday, August 14th. StockNews.com raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. raised their price target on shares of Mercury Systems from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Finally, Truist Financial raised their price target on shares of Mercury Systems from $26.00 to $31.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $32.25.

Mercury Systems Price Performance

Shares of NASDAQ:MRCY opened at $37.55 on Friday. The firm’s 50 day moving average price is $33.48 and its 200-day moving average price is $30.75. Mercury Systems, Inc. has a twelve month low of $25.31 and a twelve month high of $42.72. The company has a quick ratio of 2.93, a current ratio of 4.58 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.23 billion, a PE ratio of -15.98 and a beta of 0.68.

Mercury Systems 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.