18,538 Shares in Mercury Systems, Inc. (NASDAQ:MRCY) Bought by PEAK6 Investments LLC

PEAK6 Investments LLC purchased a new stake in Mercury Systems, Inc. (NASDAQ:MRCY) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,538 shares of the technology company’s stock, valued at approximately $686,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in shares of Mercury Systems by 144.0% in the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock valued at $25,000 after buying an additional 393 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Mercury Systems by 1,126.3% in the second quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock valued at $31,000 after acquiring an additional 1,070 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in Mercury Systems by 216.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock worth $64,000 after purchasing an additional 1,622 shares in the last quarter. Covestor Ltd grew its stake in shares of Mercury Systems by 41.2% during the 3rd quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock worth $78,000 after purchasing an additional 620 shares during the period. Finally, nVerses Capital LLC purchased a new position in shares of Mercury Systems during the 2nd quarter valued at approximately $81,000. 95.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Jefferies Financial Group raised shares of 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. Royal Bank of Canada raised their target price 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. JPMorgan Chase & Co. increased their price target on Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Robert W. Baird boosted their price objective 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, StockNews.com downgraded Mercury Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Mercury Systems presently has a consensus rating of “Hold” and an average price target of $36.29.

Insider Buying and Selling

In other Mercury Systems news, COO Charles Roger Iv Wells sold 1,527 shares of Mercury Systems stock in a transaction on Monday, November 18th. The shares were sold at an average price of $38.80, for a total transaction of $59,247.60. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by company insiders.

Mercury Systems Price Performance

Shares of Mercury Systems stock opened at $39.14 on Wednesday. The stock has a market capitalization of $2.33 billion, a P/E ratio of -19.09 and a beta of 0.78. The business has a 50 day simple moving average of $37.56 and a two-hundred day simple moving average of $34.79. Mercury Systems, Inc. has a 12 month low of $25.31 and a 12 month 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.

Mercury Systems Company 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.