MetLife Investment Management LLC Grows Stake in Mercury Systems, Inc. (NASDAQ:MRCY)

MetLife Investment Management LLC lifted its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 129.1% in the third quarter, Holdings Channel reports. The firm owned 31,667 shares of the technology company’s stock after buying an additional 17,843 shares during the period. MetLife Investment Management LLC’s holdings in Mercury Systems were worth $1,172,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of MRCY. Roubaix Capital LLC purchased a new stake in shares of Mercury Systems during the second quarter worth about $3,684,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Mercury Systems during the 2nd quarter valued at about $3,079,000. Clearline Capital LP grew its stake in Mercury Systems by 18.4% during the 2nd quarter. Clearline Capital LP now owns 526,611 shares of the technology company’s stock valued at $14,213,000 after acquiring an additional 81,826 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Mercury Systems during the 3rd quarter valued at about $2,831,000. Finally, Sei Investments Co. grew its stake in Mercury Systems by 28.7% during the 2nd quarter. Sei Investments Co. now owns 279,327 shares of the technology company’s stock valued at $7,539,000 after acquiring an additional 62,371 shares in the last quarter. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Mercury Systems Stock Performance

Shares of MRCY stock opened at $38.32 on Friday. The firm’s 50 day moving average price is $37.68 and its 200-day moving average price is $34.89. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 4.10. Mercury Systems, Inc. has a one year low of $25.31 and a one year high of $44.63. The firm has a market cap of $2.29 billion, a P/E ratio of -18.69 and a beta of 0.78.

Insider Transactions at Mercury Systems

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 shares were sold at an average price of $38.80, for a total value 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. This represents a 1.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. StockNews.com raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research note on Thursday. Truist Financial upped their price objective 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. JPMorgan Chase & Co. upped their price objective on shares of Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Alembic Global Advisors raised shares of Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price objective for the company in a research note on Monday, August 19th. Finally, Jefferies Financial Group upgraded shares of Mercury Systems from an “underperform” rating to a “hold” rating and boosted their target price for the company from $30.00 to $42.00 in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Mercury Systems currently has an average rating of “Hold” and a consensus price target of $36.29.

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.