Quantbot Technologies LP Has $850,000 Holdings in Mercury Systems, Inc. (NASDAQ:MRCY)

Quantbot Technologies LP raised its position in Mercury Systems, Inc. (NASDAQ:MRCY) by 252.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,964 shares of the technology company’s stock after purchasing an additional 16,456 shares during the quarter. Quantbot Technologies LP’s holdings in Mercury Systems were worth $850,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Signaturefd LLC lifted its stake in Mercury Systems by 144.0% in the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock valued at $25,000 after acquiring an additional 393 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Mercury Systems by 1,126.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock valued at $31,000 after buying an additional 1,070 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in 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 acquiring an additional 1,622 shares in the last quarter. Covestor Ltd boosted its position in Mercury Systems by 41.2% during the third quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock valued at $78,000 after purchasing an additional 620 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in Mercury Systems in the second quarter valued at approximately $81,000. 95.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MRCY. Jefferies Financial Group raised shares of Mercury Systems from an “underperform” rating to a “hold” rating and upped their target price for the company from $30.00 to $42.00 in a report on Monday, November 11th. StockNews.com lowered shares of Mercury Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Alembic Global Advisors upgraded shares of Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price objective for the company in a research report on Monday, August 19th. JPMorgan Chase & Co. upped their price objective on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada lifted 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Mercury Systems has a consensus rating of “Hold” and an average price target of $36.29.

Insider Activity at Mercury Systems

In other Mercury Systems news, COO Charles Roger Iv Wells sold 1,527 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $38.80, for a total value of $59,247.60. Following the completion of the sale, the chief operating officer now owns 113,488 shares in the company, valued at approximately $4,403,334.40. This trade represents a 1.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is currently owned by insiders.

Mercury Systems Trading Up 0.2 %

NASDAQ MRCY opened at $41.13 on Monday. The business has a 50 day simple moving average of $37.43 and a 200 day simple moving average of $34.67. The stock has a market capitalization of $2.45 billion, a P/E ratio of -20.06 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. Mercury Systems, Inc. has a one year low of $25.31 and a one year high of $44.63.

Mercury Systems 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.