G2 Investment Partners Management LLC purchased a new position in shares of Mercury Systems, Inc. (NASDAQ:MRCY – Get Rating) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 92,453 shares of the technology company's stock, valued at approximately $5,959,000. G2 Investment Partners Management LLC owned about 0.16% of Mercury Systems at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. GHP Investment Advisors Inc. purchased a new position in shares of Mercury Systems in the 1st quarter worth $45,000. Captrust Financial Advisors grew its stake in shares of Mercury Systems by 60.7% in the 1st quarter. Captrust Financial Advisors now owns 1,573 shares of the technology company's stock worth $101,000 after buying an additional 594 shares in the last quarter. Hardy Reed LLC purchased a new position in shares of Mercury Systems in the 1st quarter worth $158,000. ARK Investment Management LLC purchased a new position in shares of Mercury Systems in the 1st quarter worth $180,000. Finally, Shelton Capital Management purchased a new position in shares of Mercury Systems in the 1st quarter worth $209,000. Hedge funds and other institutional investors own 97.95% of the company's stock.
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Insider Buying and Selling at Mercury Systems
In related news, Director Howard L. Lance acquired 5,000 shares of the stock in a transaction on Friday, August 5th. The stock was bought at an average cost of $50.59 per share, with a total value of $252,950.00. Following the transaction, the director now directly owns 8,767 shares in the company, valued at $443,522.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mercury Systems news, Director Howard L. Lance purchased 5,000 shares of Mercury Systems stock in a transaction dated Friday, August 5th. The stock was acquired at an average price of $50.59 per share, for a total transaction of $252,950.00. Following the acquisition, the director now owns 8,767 shares in the company, valued at approximately $443,522.53. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Michelle M. Mccarthy sold 830 shares of the business's stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $50.03, for a total transaction of $41,524.90. Following the completion of the sale, the chief accounting officer now owns 16,879 shares of the company's stock, valued at approximately $844,456.37. The disclosure for this sale can be found here. Insiders sold a total of 15,156 shares of company stock valued at $776,637 in the last three months. Company insiders own 2.00% of the company's stock.
Mercury Systems Trading Up 3.3 %
Mercury Systems stock traded up $1.50 during trading hours on Friday, hitting $47.38. The company had a trading volume of 209,230 shares, compared to its average volume of 302,910. The firm has a market cap of $2.73 billion, a P/E ratio of 249.38, a P/E/G ratio of 22.75 and a beta of 0.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.81 and a current ratio of 4.20. Mercury Systems, Inc. has a 1 year low of $44.04 and a 1 year high of $72.28. The company has a 50-day moving average price of $54.64 and a two-hundred day moving average price of $58.95.
Analysts Set New Price Targets
A number of brokerages have commented on MRCY. Robert W. Baird dropped their price objective on shares of Mercury Systems from $72.00 to $58.00 in a research note on Wednesday, August 3rd. Royal Bank of Canada dropped their price target on shares of Mercury Systems from $72.00 to $66.00 and set an "outperform" rating for the company in a research note on Wednesday, August 3rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $64.00.
Mercury Systems Company Profile
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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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