Mercury Systems, Inc. (NASDAQ:MRCY) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 5.7% in the third quarter, HoldingsChannel reports. The firm owned 15,130 shares of the technology company’s stock after selling 911 shares during the quarter. Amalgamated Bank’s holdings in Mercury Systems were worth $560,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC lifted its holdings in shares of Mercury Systems by 144.0% during the third quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock worth $25,000 after purchasing an additional 393 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Mercury Systems by 1,126.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock worth $31,000 after purchasing an additional 1,070 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Mercury Systems by 216.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock worth $64,000 after purchasing an additional 1,622 shares during the period. nVerses Capital LLC acquired a new stake in shares of Mercury Systems during the second quarter worth about $81,000. Finally, Quest Partners LLC lifted its holdings in shares of Mercury Systems by 10,995.5% during the second quarter. Quest Partners LLC now owns 4,882 shares of the technology company’s stock worth $132,000 after purchasing an additional 4,838 shares during the period. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Stock Down 3.7 %

Mercury Systems stock opened at $39.32 on Friday. The stock has a market capitalization of $2.34 billion, a PE ratio of -19.18 and a beta of 0.71. Mercury Systems, Inc. has a 12 month low of $25.31 and a 12 month high of $44.63. The business has a 50 day simple moving average of $36.67 and a 200-day simple moving average of $33.80. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.10 and a quick ratio of 2.59.

Insider Activity

In related news, Director Debora A. Plunkett sold 1,843 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was 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 directly owns 11,339 shares in the company, valued at approximately $431,675.73. The trade was a 13.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jana Partners Management, Lp purchased 13,600 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average price of $37.25 per share, with a total value of $506,600.00. Following the completion of the transaction, the director now directly owns 6,944,633 shares of the company’s stock, valued at $258,687,579.25. This represents a 0.20 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 22,099 shares of company stock worth $865,740 over the last three months. 1.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on MRCY. Truist Financial lifted their price target on Mercury Systems from $26.00 to $31.00 and gave the company a “hold” rating in a research report on Wednesday, August 14th. Royal Bank of Canada lifted their price target 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. Jefferies Financial Group upgraded Mercury Systems from an “underperform” rating to a “hold” rating and lifted their price target for the company from $30.00 to $42.00 in a research report on Monday, November 11th. 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 report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. lifted their price target on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $35.50.

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.