Moors & Cabot Inc. Invests $279,000 in Mercury Systems, Inc. (NASDAQ:MRCY)

Moors & Cabot Inc. bought a new stake in Mercury Systems, Inc. (NASDAQ:MRCY) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,550 shares of the technology company’s stock, valued at approximately $279,000.

Other institutional investors have also made changes to their positions in the company. UniSuper Management Pty Ltd bought a new position in shares of Mercury Systems in the first quarter worth about $342,000. CANADA LIFE ASSURANCE Co raised its position in Mercury Systems by 10.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 46,085 shares of the technology company’s stock worth $1,359,000 after purchasing an additional 4,222 shares during the last quarter. Gabelli Funds LLC lifted its holdings in Mercury Systems by 72.9% during the 1st quarter. Gabelli Funds LLC now owns 11,859 shares of the technology company’s stock worth $350,000 after buying an additional 5,000 shares in the last quarter. Lazard Asset Management LLC boosted its position in Mercury Systems by 26.6% in the 1st quarter. Lazard Asset Management LLC now owns 5,826 shares of the technology company’s stock valued at $171,000 after buying an additional 1,223 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Mercury Systems by 5.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,026 shares of the technology company’s stock valued at $1,004,000 after buying an additional 1,760 shares during the period. 95.99% of the stock is owned by institutional investors.

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 PE ratio of -19.97 and a beta of 0.71. Mercury Systems, Inc. has a 12 month low of $25.31 and a 12 month high of $44.63. The company’s fifty day simple moving average is $36.96 and its 200-day simple moving average is $34.17. The company has a quick ratio of 2.59, a current ratio of 4.10 and a debt-to-equity ratio of 0.41.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Royal Bank of Canada raised their price target on Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a report on Wednesday, August 14th. JPMorgan Chase & Co. lifted their price target on shares of Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Truist Financial increased their price objective on shares of Mercury Systems from $26.00 to $31.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. Robert W. Baird raised their price objective on shares of Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Finally, StockNews.com cut shares of Mercury Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $35.50.

Insiders Place Their Bets

In other Mercury Systems news, COO Charles Roger Iv Wells sold 1,527 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $38.80, for a total transaction 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. The trade was a 1.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jana Partners Management, Lp bought 13,600 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average cost of $37.25 per share, with a total value of $506,600.00. Following the completion of the purchase, the director now directly owns 6,944,633 shares of the company’s stock, valued at $258,687,579.25. This represents a 0.20 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 3,439 shares of company stock valued at $132,005 in the last three months. 1.60% of the stock is currently owned by corporate insiders.

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.