The Manufacturers Life Insurance Company Purchases 2,072 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

The Manufacturers Life Insurance Company grew its stake in Mercury Systems, Inc. (NASDAQ:MRCY) by 7.0% during the third quarter, Holdings Channel reports. The firm owned 31,483 shares of the technology company’s stock after purchasing an additional 2,072 shares during the period. The Manufacturers Life Insurance Company’s holdings in Mercury Systems were worth $1,165,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Signaturefd LLC lifted its holdings in 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 acquiring an additional 393 shares during the period. Nisa Investment Advisors LLC lifted its holdings 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 worth $31,000 after acquiring an additional 1,070 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings 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 worth $64,000 after acquiring an additional 1,622 shares during the period. Covestor Ltd lifted its holdings in Mercury Systems by 41.2% during the third quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock worth $78,000 after acquiring an additional 620 shares during the period. Finally, nVerses Capital LLC bought a new stake in Mercury Systems during the second quarter worth $81,000. Institutional investors own 95.99% of the company’s stock.

Insiders Place Their Bets

In other Mercury Systems news, COO Charles Roger Iv Wells sold 1,527 shares of the company’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 completion of the transaction, the chief operating officer now owns 113,488 shares of the company’s stock, valued at $4,403,334.40. This represents a 1.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.60% of the company’s stock.

Mercury Systems Price Performance

Mercury Systems stock opened at $39.19 on Thursday. The company has a quick ratio of 2.59, a current ratio of 4.10 and a debt-to-equity ratio of 0.41. The business has a 50-day simple moving average of $37.74 and a 200 day simple moving average of $35.05. Mercury Systems, Inc. has a 52 week low of $25.31 and a 52 week high of $44.63. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of -19.11 and a beta of 0.78.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Truist Financial raised their target price on Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. Robert W. Baird raised their target price on Mercury Systems from $26.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Jefferies Financial Group raised Mercury Systems from an “underperform” rating to a “hold” rating and raised their target price for the stock from $30.00 to $42.00 in a research 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 stock a “sector perform” rating in a research report on Wednesday, August 14th. Finally, Alembic Global Advisors raised Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 target price for the company in a research report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Mercury Systems presently has a consensus rating of “Hold” and a consensus price target of $36.29.

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.