Stifel Financial Corp Invests $246,000 in Mercury Systems, Inc. (NASDAQ:MRCY)

Stifel Financial Corp acquired a new stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 6,651 shares of the technology company’s stock, valued at approximately $246,000.

Several other hedge funds also recently bought and sold shares of the business. Roubaix Capital LLC purchased a new position in shares of Mercury Systems during the second quarter valued at $3,684,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Mercury Systems during the 2nd quarter valued at about $3,079,000. Clearline Capital LP raised its holdings in shares of Mercury Systems by 18.4% in the 2nd quarter. Clearline Capital LP now owns 526,611 shares of the technology company’s stock valued at $14,213,000 after purchasing an additional 81,826 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Mercury Systems in the 3rd quarter worth approximately $2,831,000. Finally, Sei Investments Co. increased its holdings in Mercury Systems by 28.7% during the second quarter. Sei Investments Co. now owns 279,327 shares of the technology company’s stock valued at $7,539,000 after buying an additional 62,371 shares during the period. Institutional investors own 95.99% of the company’s stock.

Insider Buying and Selling at Mercury Systems

In related news, COO Charles Roger Iv Wells sold 1,527 shares of the company’s 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 of the company’s stock, valued at approximately $4,403,334.40. This represents a 1.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.60% of the company’s stock.

Mercury Systems Trading Down 0.3 %

Shares of Mercury Systems stock opened at $41.85 on Monday. The stock has a market cap of $2.50 billion, a PE ratio of -20.41 and a beta of 0.78. The firm has a fifty day moving average price of $38.62 and a 200 day moving average price of $35.85. Mercury Systems, Inc. has a 1 year low of $25.31 and a 1 year high of $44.63. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.10 and a quick ratio of 2.59.

Analyst Ratings Changes

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

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.