Harel Insurance Investments & Financial Services Ltd. Boosts Stake in Mercury Systems, Inc. (NASDAQ:MRCY)

Harel Insurance Investments & Financial Services Ltd. increased its stake in Mercury Systems, Inc. (NASDAQ:MRCY) by 52.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,502 shares of the technology company’s stock after purchasing an additional 1,549 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Mercury Systems were worth $189,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MRCY. Signaturefd LLC raised its stake in shares of 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 buying an additional 393 shares during the period. Nisa Investment Advisors LLC raised its stake in Mercury Systems by 43.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock worth $62,000 after acquiring an additional 503 shares during the period. Covestor Ltd lifted its holdings in Mercury Systems by 41.2% during the third quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock valued at $78,000 after purchasing an additional 620 shares in the last quarter. FMR LLC boosted its position in shares of Mercury Systems by 46.5% in the third quarter. FMR LLC now owns 3,067 shares of the technology company’s stock worth $113,000 after purchasing an additional 974 shares during the period. Finally, nVerses Capital LLC boosted its position in shares of Mercury Systems by 16.7% in the third quarter. nVerses Capital LLC now owns 3,500 shares of the technology company’s stock worth $130,000 after purchasing an additional 500 shares during the period. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Mercury Systems Price Performance

NASDAQ:MRCY opened at $42.71 on Friday. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of -20.83 and a beta of 0.78. 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 business has a 50 day simple moving average of $40.89 and a 200-day simple moving average of $37.76. Mercury Systems, Inc. has a 1 year low of $25.31 and a 1 year high of $44.63.

Insider Buying and Selling

In other news, COO Charles Roger Iv Wells sold 1,527 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 113,488 shares of the company’s stock, valued at approximately $4,403,334.40. This represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. upped their price objective on Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Jefferies Financial Group raised 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 boosted their price target on Mercury Systems from $35.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. Finally, The Goldman Sachs Group increased their price objective on shares of Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $39.14.

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.