Mercury Systems Inc $MRCY Stock Holdings Raised by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. raised its stake in Mercury Systems Inc (NASDAQ:MRCY) by 24.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 7,751 shares of the technology company’s stock after acquiring an additional 1,547 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Mercury Systems were worth $417,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MRCY. MetLife Investment Management LLC increased its position in shares of Mercury Systems by 1,479.5% in the 1st quarter. MetLife Investment Management LLC now owns 492,638 shares of the technology company’s stock worth $21,228,000 after purchasing an additional 461,449 shares during the last quarter. Emerald Advisers LLC bought a new stake in shares of Mercury Systems in the 2nd quarter worth about $24,599,000. Conestoga Capital Advisors LLC increased its position in shares of Mercury Systems by 13.3% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 2,558,935 shares of the technology company’s stock worth $137,824,000 after purchasing an additional 300,749 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Mercury Systems by 51.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 855,441 shares of the technology company’s stock worth $36,861,000 after purchasing an additional 290,989 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust bought a new position in Mercury Systems during the second quarter worth $14,177,000. Institutional investors own 95.99% of the company’s stock.

Analyst Upgrades and Downgrades

MRCY has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Mercury Systems from $56.00 to $68.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 12th. Raymond James Financial upgraded Mercury Systems from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $55.00 to $80.00 in a research note on Tuesday, August 12th. Royal Bank Of Canada upgraded Mercury Systems from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, October 1st. Truist Financial raised their price objective on Mercury Systems from $71.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, Wall Street Zen cut Mercury Systems from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $73.89.

Mercury Systems Price Performance

Shares of NASDAQ MRCY opened at $77.41 on Monday. The firm has a market capitalization of $4.65 billion, a PE ratio of -117.29, a P/E/G ratio of 3.17 and a beta of 0.82. The business’s fifty day moving average price is $75.02 and its two-hundred day moving average price is $60.14. Mercury Systems Inc has a 1-year low of $32.32 and a 1-year high of $85.33. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.52 and a quick ratio of 2.41.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, June 7th. The technology company reported $0.64 earnings per share for the quarter. The firm had revenue of $256.86 million for the quarter. Mercury Systems had a negative net margin of 4.16% and a positive return on equity of 0.58%. On average, research analysts expect that Mercury Systems Inc will post -0.08 EPS for the current year.

Insider Transactions at Mercury Systems

In other news, EVP Steven Ratner sold 7,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $63.76, for a total transaction of $446,320.00. Following the transaction, the executive vice president directly owned 33,801 shares of the company’s stock, valued at approximately $2,155,151.76. This trade represents a 17.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David E. Farnsworth sold 7,572 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $64.46, for a total value of $488,091.12. Following the transaction, the executive vice president directly owned 161,326 shares in the company, valued at $10,399,073.96. This trade represents a 4.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 848,980 shares of company stock worth $55,529,247 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Mercury Systems Company 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.