Mercury Systems, Inc. (NASDAQ:MRCY) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCYGet Rating) by 10.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,567 shares of the technology company’s stock after purchasing an additional 2,591 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Mercury Systems were worth $1,773,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MRCY. SG Americas Securities LLC boosted its position in Mercury Systems by 46.5% during the 1st quarter. SG Americas Securities LLC now owns 41,051 shares of the technology company’s stock valued at $2,646,000 after purchasing an additional 13,024 shares during the period. Mutual of America Capital Management LLC boosted its position in Mercury Systems by 2.2% during the 1st quarter. Mutual of America Capital Management LLC now owns 51,053 shares of the technology company’s stock valued at $3,290,000 after purchasing an additional 1,079 shares during the period. California Public Employees Retirement System boosted its position in Mercury Systems by 4.5% during the 1st quarter. California Public Employees Retirement System now owns 116,898 shares of the technology company’s stock worth $7,534,000 after acquiring an additional 5,006 shares during the period. WCM Investment Management LLC boosted its position in Mercury Systems by 23.5% during the 1st quarter. WCM Investment Management LLC now owns 222,351 shares of the technology company’s stock worth $14,331,000 after acquiring an additional 42,330 shares during the period. Finally, M&T Bank Corp boosted its position in Mercury Systems by 4.6% during the 1st quarter. M&T Bank Corp now owns 17,490 shares of the technology company’s stock worth $1,127,000 after acquiring an additional 768 shares during the period. Institutional investors and hedge funds own 97.95% of the company’s stock.

Mercury Systems Stock Up 0.5 %

Shares of Mercury Systems stock opened at $49.52 on Friday. The stock’s fifty day moving average is $46.35 and its 200-day moving average is $53.13. The firm has a market capitalization of $2.87 billion, a PE ratio of 825.33, a price-to-earnings-growth ratio of 23.26 and a beta of 0.95. The company has a quick ratio of 3.25, a current ratio of 4.83 and a debt-to-equity ratio of 0.33. Mercury Systems, Inc. has a 12-month low of $40.48 and a 12-month high of $72.28.

Insider Activity at Mercury Systems

In related news, EVP James Mitch Stevison sold 1,691 shares of the company’s stock in a transaction on Saturday, October 15th. The stock was sold at an average price of $42.89, for a total transaction of $72,526.99. Following the transaction, the executive vice president now directly owns 59,501 shares of the company’s stock, valued at $2,551,997.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Thomas Huber sold 2,584 shares of the company’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $46.45, for a total transaction of $120,026.80. Following the transaction, the executive vice president now directly owns 67,455 shares of the company’s stock, valued at $3,133,284.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James Mitch Stevison sold 1,691 shares of the business’s stock in a transaction dated Saturday, October 15th. The shares were sold at an average price of $42.89, for a total value of $72,526.99. Following the completion of the transaction, the executive vice president now owns 59,501 shares in the company, valued at approximately $2,551,997.89. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,743 shares of company stock valued at $216,759. Company insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

MRCY has been the topic of a number of research reports. Robert W. Baird dropped their price objective on Mercury Systems from $72.00 to $58.00 in a research note on Wednesday, August 3rd. Royal Bank of Canada dropped their price objective on Mercury Systems from $72.00 to $66.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 3rd. StockNews.com initiated coverage on Mercury Systems in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. The Goldman Sachs Group dropped their price objective on Mercury Systems from $57.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, October 13th. Finally, Raymond James initiated coverage on Mercury Systems in a research note on Thursday, October 27th. They issued an “outperform” rating and a $55.00 price objective on the stock. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Mercury Systems presently has a consensus rating of “Moderate Buy” and an average target price of $63.13.

About Mercury Systems

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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.

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Institutional Ownership by Quarter for Mercury Systems (NASDAQ:MRCY)

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