Loomis Sayles & Co. L P Has $9.32 Million Stock Holdings in Mercury Systems, Inc. (NASDAQ:MRCY)

Loomis Sayles & Co. L P lessened its holdings in Mercury Systems, Inc. (NASDAQ:MRCY) by 3.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 251,908 shares of the technology company’s stock after selling 9,859 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Mercury Systems were worth $9,321,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MRCY. Signaturefd LLC raised its position in Mercury Systems by 144.0% in the third quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock worth $25,000 after purchasing an additional 393 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Mercury Systems by 1,126.3% in the second quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock worth $31,000 after purchasing an additional 1,070 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in Mercury Systems by 216.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock worth $64,000 after purchasing an additional 1,622 shares in the last quarter. Covestor Ltd increased its holdings in shares of 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 buying an additional 620 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Mercury Systems in the second quarter valued at approximately $81,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Stock Performance

MRCY stock opened at $41.05 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.10 and a quick ratio of 2.59. The company has a 50 day moving average price of $37.22 and a 200 day moving average price of $34.47. 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 market capitalization of $2.45 billion, a PE ratio of -20.02 and a beta of 0.71.

Insider Buying and Selling

In other Mercury Systems news, Director Debora A. Plunkett sold 1,843 shares of Mercury Systems stock in a transaction on Friday, August 30th. The shares were sold at an average price of $38.07, for a total transaction of $70,163.01. Following the completion of the sale, the director now owns 11,339 shares of the company’s stock, valued at approximately $431,675.73. The trade was a 13.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Charles Roger Iv Wells sold 1,527 shares of Mercury Systems stock in a transaction 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 sale, the chief operating officer now directly 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 disclosure for this sale can be found here. Insiders sold 3,439 shares of company stock worth $132,005 in the last quarter. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MRCY. Jefferies Financial Group upgraded shares of Mercury Systems from an “underperform” rating to a “hold” rating and lifted their target price for the company from $30.00 to $42.00 in a research note on Monday, November 11th. Robert W. Baird lifted their target price on shares of Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Truist Financial lifted their target price on shares of Mercury Systems from $26.00 to $31.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. StockNews.com cut shares of Mercury Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. Finally, Royal Bank of Canada lifted their target price 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. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.