Headlands Technologies LLC Purchases 4,937 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Headlands Technologies LLC grew its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 625.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,726 shares of the technology company’s stock after acquiring an additional 4,937 shares during the period. Headlands Technologies LLC’s holdings in Mercury Systems were worth $155,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC raised its stake 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 valued at $31,000 after acquiring an additional 1,070 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in 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 worth $64,000 after buying an additional 1,622 shares in the last quarter. nVerses Capital LLC bought a new position in Mercury Systems in the second quarter worth about $81,000. Quest Partners LLC raised its stake in Mercury Systems by 10,995.5% in the second quarter. Quest Partners LLC now owns 4,882 shares of the technology company’s stock worth $132,000 after buying an additional 4,838 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in Mercury Systems by 26.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 5,826 shares of the technology company’s stock worth $167,000 after buying an additional 1,223 shares in the last quarter. 95.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MRCY has been the subject of a number of research reports. Robert W. Baird increased their price target on shares of Mercury Systems from $26.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Truist Financial increased their price target on shares of Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. raised their target price on shares of Mercury Systems from $26.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Alembic Global Advisors raised shares of Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 target price for the company in a research note on Monday, August 19th. Finally, StockNews.com raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.50.

Insider Activity

In related news, CEO William L. Ballhaus sold 6,549 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $39.49, for a total value of $258,620.01. Following the sale, the chief executive officer now owns 353,481 shares in the company, valued at $13,958,964.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO William L. Ballhaus sold 6,549 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $39.49, for a total value of $258,620.01. Following the sale, the chief executive officer now owns 353,481 shares in the company, valued at $13,958,964.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Debora A. Plunkett sold 1,843 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $38.07, for a total transaction of $70,163.01. Following the completion of the sale, the director now owns 11,339 shares in the company, valued at approximately $431,675.73. The disclosure for this sale can be found here. Insiders have sold a total of 22,030 shares of company stock worth $863,145 over the last 90 days. 1.80% of the stock is currently owned by insiders.

Mercury Systems Trading Up 3.2 %

NASDAQ:MRCY opened at $38.02 on Friday. The company’s 50 day moving average price is $35.45 and its 200-day moving average price is $31.36. Mercury Systems, Inc. has a 52 week low of $25.31 and a 52 week high of $42.72. The company has a quick ratio of 2.64, a current ratio of 4.07 and a debt-to-equity ratio of 0.40. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of -16.18 and a beta of 0.69.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, August 13th. The technology company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.32. Mercury Systems had a negative net margin of 16.48% and a negative return on equity of 4.92%. The firm had revenue of $248.56 million for the quarter, compared to analysts’ expectations of $223.80 million. On average, equities research analysts forecast that Mercury Systems, Inc. will post -0.52 earnings per share for the current fiscal year.

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.