GSA Capital Partners LLP Buys New Position in Mercury Systems, Inc. (NASDAQ:MRCY)

GSA Capital Partners LLP bought a new stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 7,824 shares of the technology company’s stock, valued at approximately $289,000.

Several other hedge funds have also recently added to or reduced their stakes in MRCY. UniSuper Management Pty Ltd bought a new stake in Mercury Systems during the 1st quarter valued at approximately $342,000. CANADA LIFE ASSURANCE Co raised its holdings in Mercury Systems by 10.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 46,085 shares of the technology company’s stock valued at $1,359,000 after acquiring an additional 4,222 shares in the last quarter. Natixis acquired a new position in Mercury Systems in the 1st quarter valued at approximately $693,000. Gabelli Funds LLC raised its holdings in Mercury Systems by 72.9% in the 1st quarter. Gabelli Funds LLC now owns 11,859 shares of the technology company’s stock valued at $350,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in Mercury Systems by 26.6% in the 1st quarter. Lazard Asset Management LLC now owns 5,826 shares of the technology company’s stock valued at $171,000 after acquiring an additional 1,223 shares in the last quarter. Institutional investors own 95.99% of the company’s stock.

Analysts Set New Price Targets

MRCY has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price target on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Robert W. Baird upped their price target on Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Jefferies Financial Group raised Mercury Systems from an “underperform” rating to a “hold” rating and upped their price target for the company from $30.00 to $42.00 in a report on Monday, November 11th. StockNews.com cut Mercury Systems from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Royal Bank of Canada increased their target price on Mercury Systems from $30.00 to $35.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $35.50.

Mercury Systems Trading Up 2.4 %

MRCY stock opened at $40.94 on Friday. The business has a fifty day moving average price of $36.90 and a 200 day moving average price of $34.08. Mercury Systems, Inc. has a fifty-two week low of $25.31 and a fifty-two week high of $44.63. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of -19.50 and a beta of 0.71. 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 at Mercury Systems

In other news, Director Jana Partners Management, Lp acquired 13,600 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were purchased at an average cost of $37.25 per share, for a total transaction 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. This represents a 0.20 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Debora A. Plunkett sold 1,843 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $38.07, for a total value of $70,163.01. Following the completion of the transaction, the director now owns 11,339 shares in the company, valued at $431,675.73. The trade was a 13.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,439 shares of company stock valued at $132,005 in the last three months. Corporate insiders own 1.60% of the company’s stock.

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.