Mercury Systems, Inc. (NASDAQ:MRCY) Shares Acquired by Fmr LLC

Fmr LLC lifted its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 46.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,067 shares of the technology company’s stock after purchasing an additional 974 shares during the period. Fmr LLC’s holdings in Mercury Systems were worth $113,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MRCY. William Blair Investment Management LLC lifted its holdings in Mercury Systems by 0.6% during the 2nd quarter. William Blair Investment Management LLC now owns 6,416,449 shares of the technology company’s stock worth $173,180,000 after buying an additional 36,923 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Mercury Systems during the 2nd quarter worth about $526,000. Raymond James & Associates raised its position in shares of Mercury Systems by 40.0% during the 3rd quarter. Raymond James & Associates now owns 93,454 shares of the technology company’s stock worth $3,458,000 after acquiring an additional 26,718 shares in the last quarter. Van ECK Associates Corp lifted its stake in Mercury Systems by 52.1% during the second quarter. Van ECK Associates Corp now owns 171,618 shares of the technology company’s stock worth $4,632,000 after purchasing an additional 58,805 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in Mercury Systems by 18.1% in the third quarter. Natixis Advisors LLC now owns 14,686 shares of the technology company’s stock valued at $543,000 after purchasing an additional 2,255 shares in the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Insiders Place Their Bets

In other Mercury Systems news, COO Charles Roger Iv Wells sold 1,527 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $38.80, for a total transaction of $59,247.60. Following the completion of the sale, the chief operating officer now directly owns 113,488 shares of the company’s stock, valued at $4,403,334.40. This represents a 1.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Mercury Systems Stock Performance

Shares of Mercury Systems stock opened at $39.70 on Monday. The firm’s fifty day simple moving average is $38.04 and its 200-day simple moving average is $35.47. Mercury Systems, Inc. has a 12 month low of $25.31 and a 12 month high of $44.63. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of -19.37 and a beta of 0.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.10 and a quick ratio of 2.59.

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.