B. Metzler seel. Sohn & Co. Holding AG Acquires New Holdings in Mercury Systems, Inc. (NASDAQ:MRCY)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Mercury Systems, Inc. (NASDAQ:MRCY) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 76,501 shares of the technology company’s stock, valued at approximately $2,831,000. B. Metzler seel. Sohn & Co. Holding AG owned about 0.13% of Mercury Systems as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. State Board of Administration of Florida Retirement System increased its holdings in Mercury Systems by 11.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 57,212 shares of the technology company’s stock worth $1,688,000 after purchasing an additional 5,799 shares in the last quarter. UniSuper Management Pty Ltd acquired a new position in shares of Mercury Systems in the first quarter valued at approximately $342,000. CANADA LIFE ASSURANCE Co raised its holdings in Mercury Systems by 10.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 46,085 shares of the technology company’s stock valued at $1,359,000 after buying an additional 4,222 shares during the last quarter. Natixis acquired a new stake in Mercury Systems during the 1st quarter worth approximately $693,000. Finally, Gabelli Funds LLC boosted its position in Mercury Systems by 72.9% during the 1st quarter. Gabelli Funds LLC now owns 11,859 shares of the technology company’s stock worth $350,000 after buying an additional 5,000 shares during the period. 95.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mercury Systems

In related news, COO Charles Roger Iv Wells sold 1,527 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $38.80, for a total value of $59,247.60. Following the completion of the sale, the chief operating officer now directly owns 113,488 shares of the company’s stock, valued at $4,403,334.40. The trade was a 1.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jana Partners Management, Lp purchased 13,600 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average cost of $37.25 per share, for a total transaction of $506,600.00. Following the completion of the purchase, the director now owns 6,944,633 shares in the company, valued at $258,687,579.25. This trade represents a 0.20 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 3,439 shares of company stock valued at $132,005 in the last quarter. 1.60% of the stock is currently owned by company insiders.

Mercury Systems Trading Down 0.1 %

Shares of MRCY stock opened at $38.92 on Thursday. Mercury Systems, Inc. has a fifty-two week low of $25.31 and a fifty-two week high of $44.63. 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 has a 50 day simple moving average of $36.78 and a two-hundred day simple moving average of $34.01. The company has a market cap of $2.32 billion, a P/E ratio of -19.01 and a beta of 0.71.

Analyst Ratings Changes

Several research firms have recently issued reports on MRCY. Royal Bank of Canada raised their price target on shares of Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 14th. StockNews.com downgraded Mercury Systems from a “hold” rating to a “sell” rating in a report on Tuesday. Truist Financial increased their price target on Mercury Systems from $26.00 to $31.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Alembic Global Advisors raised Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price objective on the stock in a research note on Monday, August 19th. Finally, Jefferies Financial Group raised shares of Mercury Systems from an “underperform” rating to a “hold” rating and increased their target price for the company from $30.00 to $42.00 in a research report on Monday, November 11th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Mercury Systems currently has a consensus rating of “Hold” and an average price target of $35.50.

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.