Cerity Partners LLC Buys 1,615 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Cerity Partners LLC boosted its holdings in Mercury Systems, Inc. (NASDAQ:MRCY) by 2.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 58,174 shares of the technology company’s stock after buying an additional 1,615 shares during the period. Cerity Partners LLC owned 0.10% of Mercury Systems worth $2,152,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Signaturefd LLC raised its stake in Mercury Systems by 144.0% during the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock valued at $25,000 after purchasing an additional 393 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Mercury Systems by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 26,300 shares of the technology company’s stock valued at $710,000 after buying an additional 400 shares during the last quarter. nVerses Capital LLC lifted 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 worth $130,000 after buying an additional 500 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of 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 acquiring an additional 503 shares during the last quarter. Finally, Covestor Ltd grew 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 valued at $78,000 after acquiring an additional 620 shares in the last quarter. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on MRCY. Alembic Global Advisors upgraded shares of Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price target on the stock in a research note on Monday, August 19th. StockNews.com cut Mercury Systems from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Jefferies Financial Group raised Mercury Systems from an “underperform” rating to a “hold” rating and lifted their price objective for the stock from $30.00 to $42.00 in a research note on Monday, November 11th. Robert W. Baird increased their target price on Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada boosted 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 report on Wednesday, August 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $36.29.

Insider Activity

In other Mercury Systems news, COO Charles Roger Iv Wells sold 1,527 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $38.80, for a total value of $59,247.60. Following the transaction, the chief operating officer now owns 113,488 shares of the company’s stock, valued at $4,403,334.40. This represents a 1.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Mercury Systems Stock Up 0.2 %

Shares of MRCY opened at $41.13 on Monday. 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 business has a fifty day moving average of $37.43 and a 200 day moving average of $34.67. The company has a market cap of $2.45 billion, a PE ratio of -20.06 and a beta of 0.71. Mercury Systems, Inc. has a 52-week low of $25.31 and a 52-week high of $44.63.

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.