B. Metzler seel. Sohn & Co. Holding AG Purchases New Shares in Mercury Systems, Inc. (NASDAQ:MRCY)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY) during the 3rd quarter, HoldingsChannel reports. The firm acquired 76,501 shares of the technology company’s stock, valued at approximately $2,831,000.

A number of other hedge funds have also recently bought and sold shares of the company. William Blair Investment Management LLC lifted its position in shares of Mercury Systems by 0.6% during the second quarter. William Blair Investment Management LLC now owns 6,416,449 shares of the technology company’s stock valued at $173,180,000 after purchasing an additional 36,923 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Mercury Systems by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,027,158 shares of the technology company’s stock valued at $54,713,000 after buying an additional 20,604 shares during the last quarter. Westwood Holdings Group Inc. lifted its position in shares of Mercury Systems by 14.7% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,554,166 shares of the technology company’s stock worth $45,848,000 after buying an additional 199,600 shares in the last quarter. Conestoga Capital Advisors LLC boosted its stake in shares of Mercury Systems by 1.6% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,329,265 shares of the technology company’s stock worth $49,183,000 after buying an additional 20,300 shares during the last quarter. Finally, Clearline Capital LP grew its holdings in shares of Mercury Systems by 18.4% in the second quarter. Clearline Capital LP now owns 526,611 shares of the technology company’s stock valued at $14,213,000 after acquiring an additional 81,826 shares in the last quarter. 95.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on MRCY shares. Truist Financial lifted their price target on Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a report on Wednesday, August 14th. StockNews.com lowered shares of Mercury Systems from a “hold” rating to a “sell” rating in a research report on Tuesday. Alembic Global Advisors raised shares of Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price objective on the stock in a research report on Monday, August 19th. Robert W. Baird boosted their target price on shares of Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Finally, Royal Bank of Canada raised their price target on shares of Mercury Systems from $30.00 to $35.00 and gave the stock a “sector perform” 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 given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $35.50.

Insider Buying and Selling at Mercury Systems

In other news, COO Charles Roger Iv Wells sold 1,527 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 113,488 shares in the company, valued at approximately $4,403,334.40. This trade represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jana Partners Management, Lp bought 13,600 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average cost of $37.25 per share, for a total transaction of $506,600.00. Following the acquisition, the director now directly owns 6,944,633 shares in the company, valued at $258,687,579.25. This trade represents a 0.20 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 3,439 shares of company stock valued at $132,005 in the last 90 days. 1.60% of the stock is currently owned by company insiders.

Mercury Systems Stock Performance

NASDAQ MRCY opened at $38.92 on Thursday. The firm has a market cap of $2.32 billion, a P/E ratio of -19.01 and a beta of 0.71. 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 company’s 50 day moving average is $36.78 and its 200-day moving average is $34.01. Mercury Systems, Inc. has a 12-month low of $25.31 and a 12-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.