PEAK6 Investments LLC Invests $686,000 in Mercury Systems, Inc. (NASDAQ:MRCY)

PEAK6 Investments LLC purchased a new stake in Mercury Systems, Inc. (NASDAQ:MRCY) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 18,538 shares of the technology company’s stock, valued at approximately $686,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC grew its holdings 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 buying an additional 393 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Mercury Systems by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 26,300 shares of the technology company’s stock valued at $710,000 after acquiring an additional 400 shares during the last quarter. nVerses Capital LLC grew its holdings in shares of Mercury Systems by 16.7% in the third quarter. nVerses Capital LLC now owns 3,500 shares of the technology company’s stock valued at $130,000 after purchasing an additional 500 shares during the period. Nisa Investment Advisors LLC increased its position in Mercury Systems by 43.2% during the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock worth $62,000 after purchasing an additional 503 shares during the last quarter. Finally, Covestor Ltd raised its stake in Mercury Systems by 41.2% during the third quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock worth $78,000 after purchasing an additional 620 shares during the period. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Mercury Systems Trading Down 2.2 %

NASDAQ MRCY opened at $39.14 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 4.10. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of -19.09 and a beta of 0.78. The firm has a 50 day simple moving average of $37.56 and a 200-day simple moving average of $34.79. Mercury Systems, Inc. has a one year low of $25.31 and a one year high of $44.63.

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 dated Monday, November 18th. The stock was sold at an average price of $38.80, for a total transaction of $59,247.60. Following the sale, the chief operating officer now owns 113,488 shares in the company, valued at $4,403,334.40. This represents a 1.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price target 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. StockNews.com cut shares of Mercury Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Truist Financial lifted their price target on shares of 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 upped their price objective on shares of Mercury Systems from $30.00 to $35.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 14th. Finally, Alembic Global Advisors upgraded shares of Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 target price for the company in a report on Monday, August 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Mercury Systems presently has a consensus rating of “Hold” and an average price target of $36.29.

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.