Moors & Cabot Inc. Purchases New Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Moors & Cabot Inc. acquired a new position in shares of Mercury Systems, Inc. (NASDAQ:MRCY) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 7,550 shares of the technology company’s stock, valued at approximately $279,000.

Several other hedge funds have also recently bought and sold shares of the stock. Signaturefd LLC increased its stake 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 buying an additional 1,070 shares in the last quarter. Covestor Ltd boosted its position in shares of Mercury Systems by 41.2% in the third quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock valued at $78,000 after acquiring an additional 620 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Mercury Systems by 216.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock valued at $64,000 after acquiring an additional 1,622 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in Mercury Systems during the second quarter worth about $81,000. 95.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mercury Systems

In other news, COO Charles Roger Iv Wells sold 1,527 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $38.80, for a total transaction of $59,247.60. Following the completion of the transaction, the chief operating officer now directly owns 113,488 shares in the company, valued at approximately $4,403,334.40. This represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 of the company’s stock, 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. Over the last 90 days, insiders sold 3,439 shares of company stock valued at $132,005. 1.60% of the stock is currently owned by insiders.

Mercury Systems Price Performance

Shares of MRCY stock opened at $40.94 on Friday. Mercury Systems, Inc. has a twelve month low of $25.31 and a twelve month high of $44.63. The company has a quick ratio of 2.59, a current ratio of 4.10 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $36.96 and a 200 day simple moving average of $34.17. The company has a market cap of $2.44 billion, a P/E ratio of -19.97 and a beta of 0.71.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MRCY shares. Royal Bank of Canada boosted their price objective on shares of Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a report on Wednesday, August 14th. Jefferies Financial Group raised Mercury Systems from an “underperform” rating to a “hold” rating and increased their price target for the stock from $30.00 to $42.00 in a research report on Monday, November 11th. Truist Financial lifted their price objective on Mercury Systems from $26.00 to $31.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. StockNews.com lowered Mercury Systems from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Finally, Robert W. Baird boosted their price target on Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Mercury Systems currently has an average rating of “Hold” and a consensus target price of $35.50.

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.