Mercury Systems, Inc. (NASDAQ:MRCY) Shares Acquired by Fmr LLC

Fmr LLC increased its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 46.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,067 shares of the technology company’s stock after acquiring an additional 974 shares during the quarter. Fmr LLC’s holdings in Mercury Systems were worth $113,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. William Blair Investment Management LLC boosted its holdings in Mercury Systems by 0.6% in the 2nd 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 during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Mercury Systems by 1.0% during 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 period. Conestoga Capital Advisors LLC lifted its holdings in Mercury Systems by 1.6% in the third quarter. Conestoga Capital Advisors LLC now owns 1,329,265 shares of the technology company’s stock valued at $49,183,000 after acquiring an additional 20,300 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Mercury Systems by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 658,833 shares of the technology company’s stock worth $24,377,000 after acquiring an additional 9,582 shares during the period. Finally, Clearline Capital LP increased its stake in Mercury Systems by 18.4% during the second quarter. Clearline Capital LP now owns 526,611 shares of the technology company’s stock worth $14,213,000 after acquiring an additional 81,826 shares during the last quarter. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Mercury Systems Trading Up 1.7 %

Shares of MRCY stock opened at $39.70 on Monday. The stock has a market capitalization of $2.37 billion, a P/E ratio of -19.37 and a beta of 0.78. Mercury Systems, Inc. has a fifty-two week low of $25.31 and a fifty-two week high of $44.63. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 4.10. The company has a 50 day moving average price of $38.04 and a 200 day moving average price of $35.47.

Insiders Place Their Bets

In other news, COO Charles Roger Iv Wells sold 1,527 shares of Mercury Systems stock in a transaction dated Monday, November 18th. The stock was 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 owns 113,488 shares in the company, valued at approximately $4,403,334.40. This trade represents a 1.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group upgraded Mercury Systems from an “underperform” rating to a “hold” rating and increased their price target for the stock from $30.00 to $42.00 in a report on Monday, November 11th. JPMorgan Chase & Co. increased their target price on shares of Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, StockNews.com raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Mercury Systems currently has a consensus rating of “Hold” and an average target price of $36.29.

About Mercury Systems

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.