Cerity Partners LLC Purchases 1,615 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Cerity Partners LLC lifted its position in Mercury Systems, Inc. (NASDAQ:MRCY) by 2.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 58,174 shares of the technology company’s stock after buying an additional 1,615 shares during the period. Cerity Partners LLC’s holdings in Mercury Systems were worth $2,152,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its stake in shares of Mercury Systems by 5.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 34,026 shares of the technology company’s stock valued at $1,004,000 after purchasing an additional 1,760 shares in the last quarter. Jane Street Group LLC raised its holdings in Mercury Systems by 102.6% in the first quarter. Jane Street Group LLC now owns 257,514 shares of the technology company’s stock worth $7,597,000 after purchasing an additional 130,396 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Mercury Systems during the first quarter valued at about $220,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of Mercury Systems by 26.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 5,826 shares of the technology company’s stock valued at $167,000 after buying an additional 1,223 shares in the last quarter. Finally, CWM LLC grew its position in shares of Mercury Systems by 118.5% in the 2nd quarter. CWM LLC now owns 11,493 shares of the technology company’s stock worth $310,000 after buying an additional 6,232 shares during the last quarter. 95.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Robert W. Baird raised 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. Truist Financial raised their price objective on Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. upped their target price on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Alembic Global Advisors raised Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price target for the company in a report on Monday, August 19th. Finally, Royal Bank of Canada upped their price objective 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. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $36.29.

Mercury Systems Stock Up 0.2 %

Shares of MRCY stock opened at $41.13 on Monday. Mercury Systems, Inc. has a fifty-two week low of $25.31 and a fifty-two week high of $44.63. The firm has a market capitalization of $2.45 billion, a PE ratio of -20.06 and a beta of 0.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 4.10. The stock’s 50-day simple moving average is $37.43 and its 200-day simple moving average is $34.67.

Insider Buying and Selling

In related news, COO Charles Roger Iv Wells sold 1,527 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $38.80, for a total transaction of $59,247.60. Following the completion of the transaction, the chief operating officer now directly owns 113,488 shares in the company, valued at $4,403,334.40. The trade was a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by corporate insiders.

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.