GSA Capital Partners LLP Invests $289,000 in Mercury Systems, Inc. (NASDAQ:MRCY)

GSA Capital Partners LLP bought a new position in shares of Mercury Systems, Inc. (NASDAQ:MRCY) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,824 shares of the technology company’s stock, valued at approximately $289,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC raised its position in shares of Mercury Systems by 144.0% during the third quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock worth $25,000 after purchasing an additional 393 shares during the period. Nisa Investment Advisors LLC raised its position in 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 buying an additional 1,070 shares during the period. Covestor Ltd raised its position 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 buying an additional 620 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in Mercury Systems by 216.0% during 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 buying an additional 1,622 shares during the period. Finally, nVerses Capital LLC acquired a new position in Mercury Systems during the second quarter valued at $81,000. 95.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mercury Systems

In related news, Director Jana Partners Management, Lp purchased 13,600 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was bought at an average price of $37.25 per share, for a total transaction of $506,600.00. Following the purchase, the director now owns 6,944,633 shares in the company, valued at $258,687,579.25. The trade was a 0.20 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 sale, the chief operating officer now owns 113,488 shares of the company’s stock, valued at approximately $4,403,334.40. This trade represents a 1.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,439 shares of company stock worth $132,005. 1.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MRCY has been the topic of several recent analyst reports. Alembic Global Advisors raised Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price target on the stock in a research report on Monday, August 19th. Royal Bank of Canada upped their price target on Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 14th. Robert W. Baird upped their price target on Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. upped their target price on Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group raised Mercury Systems from an “underperform” rating to a “hold” rating and upped their target price for the stock from $30.00 to $42.00 in a research report on Monday, November 11th. Three equities 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. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $35.50.

Mercury Systems Stock Performance

Shares of MRCY stock opened at $40.94 on Friday. The firm has a market cap of $2.44 billion, a P/E ratio of -19.50 and a beta of 0.71. The stock’s 50-day moving average is $36.90 and its two-hundred day moving average is $34.08. 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 current ratio of 4.10 and a quick ratio of 2.59.

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.