Stifel Financial Corp Invests $246,000 in Mercury Systems, Inc. (NASDAQ:MRCY)

Stifel Financial Corp purchased a new position in shares of Mercury Systems, Inc. (NASDAQ:MRCY) during the third quarter, Holdings Channel reports. The firm purchased 6,651 shares of the technology company’s stock, valued at approximately $246,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Signaturefd LLC increased its stake 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 acquiring an additional 393 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Mercury Systems by 43.2% during the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock worth $62,000 after purchasing an additional 503 shares during the last quarter. Covestor Ltd raised its stake in Mercury Systems by 41.2% during the third quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock worth $78,000 after purchasing an additional 620 shares during the period. nVerses Capital LLC acquired a new position in Mercury Systems in the 2nd quarter valued at about $81,000. Finally, FMR LLC grew its stake in shares of Mercury Systems by 46.5% in the 3rd quarter. FMR LLC now owns 3,067 shares of the technology company’s stock valued at $113,000 after buying an additional 974 shares during the period. 95.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mercury Systems

In other Mercury Systems news, COO Charles Roger Iv Wells sold 1,527 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $38.80, for a total transaction of $59,247.60. Following the sale, the chief operating officer now owns 113,488 shares in the company, valued at $4,403,334.40. This represents a 1.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

MRCY has been the subject of several analyst reports. Jefferies Financial Group upgraded Mercury Systems from an “underperform” rating to a “hold” rating and increased their price objective for the stock from $30.00 to $42.00 in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, StockNews.com raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $36.29.

Mercury Systems Stock Down 0.3 %

Shares of NASDAQ:MRCY opened at $41.85 on Monday. The firm has a market capitalization of $2.50 billion, a PE ratio of -20.41 and a beta of 0.78. Mercury Systems, Inc. has a 1 year low of $25.31 and a 1 year high of $44.63. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.10 and a quick ratio of 2.59. The firm’s 50-day moving average is $38.62 and its two-hundred day moving average is $35.85.

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.