Mercury Systems, Inc. (NASDAQ:MRCY) Position Boosted by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC boosted its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 55.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,072,817 shares of the technology company’s stock after buying an additional 743,552 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in Mercury Systems were worth $87,058,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its position in shares of Mercury Systems by 144.0% in the third quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock worth $25,000 after buying an additional 393 shares during the period. nVerses Capital LLC lifted its stake in Mercury Systems by 16.7% in the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the technology company’s stock worth $130,000 after acquiring an additional 500 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Mercury Systems by 43.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock worth $62,000 after acquiring an additional 503 shares during the period. Covestor Ltd grew its stake in Mercury Systems by 41.2% during the 3rd quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock valued at $78,000 after acquiring an additional 620 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Mercury Systems by 13.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,826 shares of the technology company’s stock valued at $217,000 after purchasing an additional 695 shares during the period. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Charles Roger Iv Wells sold 1,527 shares of the company’s stock in a transaction dated 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 owns 113,488 shares of the company’s stock, 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. 1.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MRCY shares. StockNews.com upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Jefferies Financial Group raised Mercury Systems from an “underperform” rating to a “hold” rating and upped their target price for the stock from $30.00 to $42.00 in a research report on Monday, November 11th. JPMorgan Chase & Co. upped their price objective on shares of Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. The Goldman Sachs Group raised their target price on Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a report on Thursday, January 16th. Finally, Truist Financial raised their price objective on Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $39.14.

Mercury Systems Stock Performance

Shares of NASDAQ:MRCY opened at $41.69 on Monday. The business has a 50 day moving average price of $41.02 and a 200 day moving average price of $38.13. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 4.10. Mercury Systems, Inc. has a twelve month low of $25.31 and a twelve month high of $44.63.

Mercury Systems Company 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.