Verity Asset Management Inc. Has $376,000 Stock Holdings in Mercury Systems, Inc. (NASDAQ:MRCY)

Verity Asset Management Inc. lifted its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 20.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,943 shares of the technology company’s stock after acquiring an additional 1,541 shares during the period. Verity Asset Management Inc.’s holdings in Mercury Systems were worth $376,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of MRCY. Signaturefd LLC lifted 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 worth $25,000 after acquiring an additional 393 shares during the period. Nisa Investment Advisors LLC lifted its stake in Mercury Systems by 43.2% during the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock worth $62,000 after purchasing an additional 503 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Mercury Systems by 41.2% in the 3rd quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock valued at $78,000 after purchasing an additional 620 shares in the last quarter. KBC Group NV increased its stake in shares of Mercury Systems by 49.4% in the 4th quarter. KBC Group NV now owns 2,496 shares of the technology company’s stock valued at $105,000 after purchasing an additional 825 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Mercury Systems by 46.5% during the 3rd quarter. FMR LLC now owns 3,067 shares of the technology company’s stock worth $113,000 after buying an additional 974 shares in the last quarter. Institutional investors own 95.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MRCY. JPMorgan Chase & Co. boosted their target price on Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. StockNews.com raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Truist Financial boosted their target price on shares of Mercury Systems from $35.00 to $44.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. Jefferies Financial Group raised Mercury Systems from an “underperform” rating to a “hold” rating and raised their price objective for the company from $30.00 to $42.00 in a report on Monday, November 11th. Finally, The Goldman Sachs Group upped their target price on Mercury Systems from $25.00 to $28.00 and gave the stock a “sell” rating in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $39.14.

Mercury Systems Price Performance

Shares of MRCY stock opened at $41.99 on Tuesday. Mercury Systems, Inc. has a fifty-two week low of $25.31 and a fifty-two week high of $44.63. The stock has a 50 day simple moving average of $41.02 and a two-hundred day simple moving average of $38.16. The company has a current ratio of 4.10, a quick ratio of 2.59 and a debt-to-equity ratio of 0.41.

Insiders Place Their Bets

In other 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 transaction, the chief operating officer now directly owns 113,488 shares in the company, valued at $4,403,334.40. This trade represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

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.