Holocene Advisors LP Invests $1.01 Million in Mercury Systems, Inc. (NASDAQ:MRCY)

Holocene Advisors LP bought a new stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 27,366 shares of the technology company’s stock, valued at approximately $1,013,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of MRCY. Signaturefd LLC boosted its holdings in shares of Mercury Systems by 144.0% during the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock valued at $25,000 after purchasing an additional 393 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake 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 valued at $31,000 after buying an additional 1,070 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in Mercury Systems by 216.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock valued at $64,000 after buying an additional 1,622 shares in the last quarter. Covestor Ltd increased its stake in Mercury Systems by 41.2% in the 3rd 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 last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Mercury Systems during the 2nd quarter worth approximately $81,000. 95.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MRCY shares. Truist Financial boosted their price target on shares of Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. StockNews.com upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday. Robert W. Baird lifted their price target on Mercury Systems from $26.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Alembic Global Advisors upgraded Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price objective on the stock in a research report on Monday, August 19th. Finally, Royal Bank of Canada raised their price objective on Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $36.29.

Insider Buying and Selling at Mercury Systems

In related news, COO Charles Roger Iv Wells sold 1,527 shares of Mercury Systems stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $38.80, for a total transaction of $59,247.60. Following the completion of the sale, the chief operating officer now owns 113,488 shares in the company, valued at $4,403,334.40. This trade represents a 1.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Mercury Systems Trading Down 0.1 %

MRCY opened at $38.32 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 4.10. The stock’s 50 day moving average price is $37.68 and its 200-day moving average price is $34.89. Mercury Systems, Inc. has a one year low of $25.31 and a one year high of $44.63. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of -18.69 and a beta of 0.78.

Mercury Systems 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.