Harel Insurance Investments & Financial Services Ltd. Buys 1,549 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 52.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,502 shares of the technology company’s stock after acquiring an additional 1,549 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Mercury Systems were worth $189,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bouvel Investment Partners LLC bought a new position in shares of Mercury Systems during the fourth quarter valued at approximately $1,307,000. JPMorgan Chase & Co. lifted its holdings in Mercury Systems by 3.9% during the third quarter. JPMorgan Chase & Co. now owns 46,220 shares of the technology company’s stock worth $1,710,000 after buying an additional 1,731 shares during the period. M&T Bank Corp boosted its position in Mercury Systems by 12.3% during the 3rd quarter. M&T Bank Corp now owns 71,218 shares of the technology company’s stock valued at $2,635,000 after acquiring an additional 7,779 shares in the last quarter. Barclays PLC increased its holdings in shares of Mercury Systems by 471.3% in the 3rd quarter. Barclays PLC now owns 175,562 shares of the technology company’s stock valued at $6,496,000 after acquiring an additional 144,831 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Mercury Systems in the 3rd quarter worth $219,000. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MRCY shares. Jefferies Financial Group upgraded 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. Truist Financial lifted their price objective on shares of Mercury Systems from $35.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. increased their target price on shares of Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. The Goldman Sachs Group lifted their price target on shares of Mercury Systems from $25.00 to $28.00 and gave the stock a “sell” rating in a report on Thursday, January 16th. Finally, StockNews.com upgraded Mercury Systems from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. One 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $39.14.

Insider Buying and Selling 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 shares were sold at an average price of $38.80, for a total transaction of $59,247.60. Following the transaction, the chief operating officer now directly owns 113,488 shares in the company, valued at approximately $4,403,334.40. The trade was a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company’s stock.

Mercury Systems Stock Up 0.6 %

MRCY opened at $42.71 on Friday. The company has a quick ratio of 2.59, a current ratio of 4.10 and a debt-to-equity ratio of 0.41. Mercury Systems, Inc. has a twelve month low of $25.31 and a twelve month high of $44.63. The company has a market cap of $2.55 billion, a PE ratio of -20.83 and a beta of 0.78. The company has a 50-day moving average price of $40.89 and a 200 day moving average price of $37.76.

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.