Maryland State Retirement & Pension System Has $491,000 Stock Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Maryland State Retirement & Pension System lessened its stake in Mercury Systems, Inc. (NASDAQ:MRCY) by 21.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 18,209 shares of the technology company’s stock after selling 4,852 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Mercury Systems were worth $491,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Louisiana State Employees Retirement System raised its stake in Mercury Systems by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 26,300 shares of the technology company’s stock valued at $710,000 after buying an additional 400 shares during the period. Illinois Municipal Retirement Fund lifted its holdings 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. Texas Permanent School Fund Corp boosted its position in Mercury Systems by 1.1% during the first quarter. Texas Permanent School Fund Corp now owns 45,577 shares of the technology company’s stock worth $1,345,000 after purchasing an additional 514 shares during the period. Iridian Asset Management LLC CT increased its holdings in shares of Mercury Systems by 11.4% in the second quarter. Iridian Asset Management LLC CT now owns 9,464 shares of the technology company’s stock valued at $255,000 after purchasing an additional 972 shares during the last quarter. Finally, Psagot Value Holdings Ltd. Israel raised its position in shares of Mercury Systems by 511.5% in the fourth 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 period. 95.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MRCY has been the topic of several research reports. Royal Bank of Canada upped their target price on Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 14th. Alembic Global Advisors raised Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price objective for the company in a report on Monday, August 19th. Truist Financial boosted their price target on Mercury Systems from $26.00 to $31.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. StockNews.com lowered shares of Mercury Systems from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Robert W. Baird lifted their price target on Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Mercury Systems currently has a consensus rating of “Hold” and a consensus target price of $32.25.

Mercury Systems Price Performance

Mercury Systems stock opened at $37.19 on Wednesday. The stock has a 50-day moving average price of $33.87 and a two-hundred day moving average price of $30.87. The company has a market capitalization of $2.21 billion, a PE ratio of -15.83 and a beta of 0.68. Mercury Systems, Inc. has a 12 month low of $25.31 and a 12 month high of $42.72. The company has a current ratio of 4.07, a quick ratio of 2.64 and a debt-to-equity ratio of 0.40.

Insiders Place Their Bets

In other Mercury Systems news, Director Jana Partners Management, Lp purchased 13,600 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was purchased at an average price of $37.25 per share, with a total value of $506,600.00. Following the completion of the purchase, the director now owns 6,944,633 shares of the company’s stock, valued at $258,687,579.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Jana Partners Management, Lp bought 13,600 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was acquired at an average price of $37.25 per share, with a total value of $506,600.00. Following the transaction, the director now owns 6,944,633 shares of the company’s stock, valued at approximately $258,687,579.25. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Stephanie Georges sold 1,340 shares of the stock in a transaction on Monday, August 19th. The stock was 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 of the company’s stock, valued at $1,273,907.91. The disclosure for this sale can be found here. Insiders have sold 20,187 shares of company stock valued at $792,982 in the last ninety days. 1.80% of the stock is currently owned by insiders.

Mercury Systems Company 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.