Nisa Investment Advisors LLC Grows Stock Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Nisa Investment Advisors LLC increased its holdings in Mercury Systems, Inc. (NASDAQ:MRCY) by 43.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,668 shares of the technology company’s stock after buying an additional 503 shares during the period. Nisa Investment Advisors LLC’s holdings in Mercury Systems were worth $62,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MRCY. Signaturefd LLC boosted its position in shares of Mercury Systems by 144.0% in the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock worth $25,000 after buying an additional 393 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Mercury Systems by 216.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock worth $64,000 after buying an additional 1,622 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Mercury Systems in the 2nd quarter worth about $81,000. Quest Partners LLC boosted its position in shares of Mercury Systems by 10,995.5% in the 2nd quarter. Quest Partners LLC now owns 4,882 shares of the technology company’s stock worth $132,000 after buying an additional 4,838 shares in the last quarter. Finally, Headlands Technologies LLC boosted its position in shares of Mercury Systems by 625.7% in the 2nd quarter. Headlands Technologies LLC now owns 5,726 shares of the technology company’s stock worth $155,000 after buying an additional 4,937 shares in the last quarter. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of Mercury Systems from a “hold” rating to a “sell” rating in a research report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday. Alembic Global Advisors raised shares of Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 target price for the company in a research note on Monday, August 19th. Truist Financial boosted their target price on shares of Mercury Systems from $26.00 to $31.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Finally, Robert W. Baird boosted their target price on shares of Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $34.00.

Insider Activity

In other news, EVP Stephanie Georges sold 1,340 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $39.49, for a total transaction of $52,916.60. Following the completion of the transaction, the executive vice president now owns 32,259 shares of the company’s stock, valued at $1,273,907.91. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Debora A. Plunkett sold 1,843 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $38.07, for a total transaction of $70,163.01. Following the completion of the sale, the director now owns 11,339 shares of the company’s stock, valued at approximately $431,675.73. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephanie Georges sold 1,340 shares of the 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 $52,916.60. Following the sale, the executive vice president now directly owns 32,259 shares of the company’s stock, valued at approximately $1,273,907.91. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,099 shares of company stock valued at $865,740 in the last 90 days. 1.60% of the stock is currently owned by insiders.

Mercury Systems Trading Down 0.6 %

NASDAQ MRCY opened at $41.95 on Friday. Mercury Systems, Inc. has a 12 month low of $25.31 and a 12 month high of $42.93. The company has a 50-day moving average of $36.09 and a 200-day moving average of $33.22. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.07 and a quick ratio of 2.64. The company has a market cap of $2.50 billion, a P/E ratio of -17.55 and a beta of 0.71.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.32. Mercury Systems had a negative net margin of 16.48% and a negative return on equity of 4.92%. The company had revenue of $248.56 million during the quarter, compared to the consensus estimate of $223.80 million. As a group, equities analysts predict that Mercury Systems, Inc. will post -0.52 earnings per share for the current 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.