18,538 Shares in Mercury Systems, Inc. (NASDAQ:MRCY) Acquired by PEAK6 Investments LLC

PEAK6 Investments LLC bought a new stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 18,538 shares of the technology company's stock, valued at approximately $686,000.

Several other large investors also recently modified their holdings of the business. Signaturefd LLC lifted 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 worth $25,000 after purchasing an additional 393 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Mercury Systems by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 26,300 shares of the technology company's stock worth $710,000 after purchasing an additional 400 shares during the last quarter. nVerses Capital LLC lifted its position in shares of Mercury Systems by 16.7% during 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 last quarter. Nisa Investment Advisors LLC lifted its position in shares of Mercury Systems by 43.2% during the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company's stock worth $62,000 after purchasing an additional 503 shares during the last quarter. Finally, Covestor Ltd lifted its position in shares of Mercury Systems by 41.2% during 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 last quarter. 95.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Mercury Systems news, COO Charles Roger Iv Wells sold 1,527 shares of Mercury Systems 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 owns 113,488 shares in the company, valued at approximately $4,403,334.40. The trade was 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 hyperlink. 1.60% of the stock is currently owned by company insiders.

Mercury Systems Price Performance

Mercury Systems stock traded up $1.09 during mid-day trading on Wednesday, hitting $40.23. The company's stock had a trading volume of 1,704,051 shares, compared to its average volume of 577,527. 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 stock has a market capitalization of $2.40 billion, a P/E ratio of -19.09 and a beta of 0.78. Mercury Systems, Inc. has a twelve month low of $25.31 and a twelve month high of $44.63. The stock's fifty day moving average price is $37.56 and its two-hundred day moving average price is $34.79.

Analysts Set New Price Targets

Several brokerages have recently commented on MRCY. StockNews.com cut shares of Mercury Systems from a "hold" rating to a "sell" rating in a research report on Tuesday, November 19th. Alembic Global Advisors raised shares of Mercury Systems from a "neutral" rating to an "overweight" rating and set a $48.00 target price on the stock in a report on Monday, August 19th. JPMorgan Chase & Co. raised their target price on shares of Mercury Systems from $36.00 to $40.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Royal Bank of Canada raised their target price on shares of Mercury Systems from $30.00 to $35.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 14th. Finally, Robert W. Baird raised their target price on shares of Mercury Systems from $26.00 to $37.00 and gave the stock a "neutral" rating in a report on Wednesday, August 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Mercury Systems 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.