Mutual of America Capital Management LLC Trims Stake in Mercury Systems, Inc. (NASDAQ:MRCY)

Mutual of America Capital Management LLC lessened its position in Mercury Systems, Inc. (NASDAQ:MRCY) by 2.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,765 shares of the technology company’s stock after selling 1,544 shares during the quarter. Mutual of America Capital Management LLC owned 0.11% of Mercury Systems worth $2,470,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MRCY. Signaturefd LLC boosted its position in shares of Mercury Systems by 144.0% during the third quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock valued at $25,000 after buying an additional 393 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Mercury Systems by 1,126.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock valued at $31,000 after acquiring an additional 1,070 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its position in Mercury Systems by 216.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock valued at $64,000 after acquiring an additional 1,622 shares during the last quarter. Covestor Ltd increased its stake in Mercury Systems by 41.2% in the third quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock worth $78,000 after purchasing an additional 620 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of Mercury Systems during the second quarter worth $81,000. 95.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Jana Partners Management, Lp acquired 13,600 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were purchased at an average price of $37.25 per share, with a total value of $506,600.00. Following the transaction, the director now directly owns 6,944,633 shares in the company, valued at approximately $258,687,579.25. This represents a 0.20 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Debora A. Plunkett sold 1,843 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $38.07, for a total transaction of $70,163.01. Following the sale, the director now directly owns 11,339 shares of the company’s stock, valued at $431,675.73. The trade was a 13.98 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,439 shares of company stock worth $132,005. 1.60% of the stock is currently owned by company insiders.

Mercury Systems Stock Performance

Shares of NASDAQ:MRCY opened at $40.94 on Friday. The firm has a 50 day moving average of $36.96 and a 200 day moving average of $34.17. The company has a quick ratio of 2.59, a current ratio of 4.10 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of -19.97 and a beta of 0.71. Mercury Systems, Inc. has a 52 week low of $25.31 and a 52 week high of $44.63.

Wall Street Analysts Forecast Growth

MRCY has been the topic of several recent analyst reports. Royal Bank of Canada raised their price target on shares of Mercury Systems from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. upped their target price on shares of Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Truist Financial lifted their price target 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. StockNews.com cut Mercury Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. Finally, 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 report on Monday, November 11th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $35.50.

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.