Mercury Systems, Inc. (NASDAQ:MRCY) Director Purchases $7,173,504.00 in Stock

Mercury Systems, Inc. (NASDAQ:MRCY) Director Jana Partners Management, Lp purchased 215,550 shares of Mercury Systems stock in a transaction on Thursday, November 16th. The stock was bought at an average cost of $33.28 per share, for a total transaction of $7,173,504.00. Following the transaction, the director now directly owns 4,926,936 shares in the company, valued at $163,968,430.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Jana Partners Management, Lp also recently made the following trade(s):

• On Monday, November 20th, Jana Partners Management, Lp purchased 315 shares of Mercury Systems stock. The shares were purchased at an average price of $34.05 per share, for a total transaction of $10,725.75.

Mercury Systems Price Performance

Shares of MRCY traded up $0.08 during trading hours on Monday, hitting $34.18. 262,695 shares of the company were exchanged, compared to its average volume of 534,226. The company has a market capitalization of $2.03 billion, a PE ratio of -39.00, a PEG ratio of 31.30 and a beta of 0.85. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.65 and a quick ratio of 2.88. The firm has a fifty day simple moving average of $36.61 and a 200-day simple moving average of $37.50. Mercury Systems, Inc. has a one year low of $28.90 and a one year high of $59.13.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Robert W. Baird reduced their price objective on Mercury Systems from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, August 16th. TheStreet downgraded Mercury Systems from a “c-” rating to a “d+” rating in a research report on Tuesday, August 15th. Truist Financial reissued a “buy” rating and set a $48.00 price target on shares of Mercury Systems in a research report on Tuesday, September 19th. StockNews.com initiated coverage on Mercury Systems in a research report on Thursday, October 5th. They set a “sell” rating for the company. Finally, Royal Bank of Canada lowered their price target on Mercury Systems from $40.00 to $35.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.67.

Institutional Trading of Mercury Systems

Several hedge funds and other institutional investors have recently modified their holdings of MRCY. Point72 Middle East FZE acquired a new stake in Mercury Systems during the fourth quarter valued at $35,000. Qube Research & Technologies Ltd bought a new position in Mercury Systems during the third quarter valued at about $33,000. FNY Investment Advisers LLC acquired a new stake in Mercury Systems during the second quarter valued at approximately $34,000. Captrust Financial Advisors boosted its holdings in Mercury Systems by 60.7% during the first quarter. Captrust Financial Advisors now owns 1,573 shares of the technology company’s stock valued at $101,000 after purchasing an additional 594 shares in the last quarter. Finally, Pinebridge Investments L.P. boosted its holdings in Mercury Systems by 208.8% during the second quarter. Pinebridge Investments L.P. now owns 1,853 shares of the technology company’s stock valued at $64,000 after purchasing an additional 1,253 shares in the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

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.