nVerses Capital LLC Has $130,000 Stake in Mercury Systems, Inc. (NASDAQ:MRCY)

nVerses Capital LLC boosted its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 16.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,500 shares of the technology company’s stock after acquiring an additional 500 shares during the period. nVerses Capital LLC’s holdings in Mercury Systems were worth $130,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its position in Mercury Systems by 1,126.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock worth $31,000 after acquiring an additional 1,070 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased 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 valued at $64,000 after acquiring an additional 1,622 shares during the period. Quest Partners LLC grew its stake in Mercury Systems by 10,995.5% during 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 during the last quarter. Headlands Technologies LLC grew its stake in Mercury Systems by 625.7% during the second quarter. Headlands Technologies LLC now owns 5,726 shares of the technology company’s stock worth $155,000 after buying an additional 4,937 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in Mercury Systems by 26.6% during 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 during the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Insider Transactions at Mercury Systems

In other news, Director Debora A. Plunkett sold 1,843 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Mercury Systems news, CEO William L. Ballhaus sold 6,549 shares of Mercury Systems stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $39.49, for a total value of $258,620.01. Following the completion of the sale, the chief executive officer now owns 353,481 shares in the company, valued at $13,958,964.69. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Debora A. Plunkett sold 1,843 shares of Mercury Systems stock in a transaction dated 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 of the company’s stock, valued at $431,675.73. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,099 shares of company stock worth $865,740. 1.80% of the stock is owned by insiders.

Mercury Systems Stock Performance

NASDAQ MRCY opened at $34.50 on Monday. The firm has a 50-day moving average of $36.93 and a 200-day moving average of $32.66. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.64 and a current ratio of 4.07. The stock has a market cap of $2.05 billion, a PE ratio of -14.68 and a beta of 0.70. Mercury Systems, Inc. has a 52-week low of $25.31 and a 52-week high of $42.72.

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MRCY shares. JPMorgan Chase & Co. increased their price objective on shares of Mercury Systems from $26.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, September 5th. Truist Financial raised their target price 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. Robert W. Baird raised their target price on shares of Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. StockNews.com raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Saturday, October 5th. Finally, Royal Bank of Canada raised their target price on shares of Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $33.50.

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.