Mercury Systems, Inc. (NASDAQ:MRCY) Director Acquires $10,725.75 in Stock

Mercury Systems, Inc. (NASDAQ:MRCY) Director Jana Partners Management, Lp acquired 315 shares of the stock in a transaction on Monday, November 20th. The shares were purchased at an average price of $34.05 per share, for a total transaction of $10,725.75. Following the transaction, the director now directly owns 4,971,308 shares in the company, valued at $169,273,037.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, November 16th, Jana Partners Management, Lp purchased 215,550 shares of Mercury Systems stock. The stock was acquired at an average price of $33.28 per share, for a total transaction of $7,173,504.00.

Mercury Systems Price Performance

Shares of MRCY stock traded up $0.08 during trading hours on Monday, reaching $34.18. The company’s stock had a trading volume of 262,695 shares, compared to its average volume of 534,226. Mercury Systems, Inc. has a fifty-two week low of $28.90 and a fifty-two week high of $59.13. The firm’s 50 day simple moving average is $36.61 and its 200-day simple moving average is $37.50. The company has a quick ratio of 2.88, a current ratio of 4.65 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of -39.00, a PEG ratio of 31.30 and a beta of 0.85.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Mercury Systems in a report on Thursday, October 5th. They issued a “sell” rating for the company. Truist Financial reiterated a “buy” rating and issued a $48.00 price target on shares of Mercury Systems in a research note on Tuesday, September 19th. JPMorgan Chase & Co. lowered their price objective on Mercury Systems from $37.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 16th. Robert W. Baird cut their target price on Mercury Systems from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, August 16th. Finally, Royal Bank of Canada decreased their price target on Mercury Systems from $40.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $39.67.

Institutional Trading of Mercury Systems

Institutional investors and hedge funds have recently modified their holdings of the business. Point72 Middle East FZE bought a new position in shares of Mercury Systems in the fourth quarter worth about $35,000. Qube Research & Technologies Ltd acquired a new position in Mercury Systems during the 3rd quarter worth approximately $33,000. FNY Investment Advisers LLC bought a new position in Mercury Systems in the 2nd quarter valued at approximately $34,000. Captrust Financial Advisors boosted its position in Mercury Systems by 60.7% in the first quarter. Captrust Financial Advisors now owns 1,573 shares of the technology company’s stock valued at $101,000 after buying an additional 594 shares in the last quarter. Finally, Pinebridge Investments L.P. grew its stake in shares of Mercury Systems by 208.8% during the second quarter. Pinebridge Investments L.P. now owns 1,853 shares of the technology company’s stock worth $64,000 after buying an additional 1,253 shares during the last quarter. 95.99% of the stock is currently owned by institutional investors.

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.