B. Metzler seel. Sohn & Co. Holding AG Purchases Shares of 76,501 Mercury Systems, Inc. (NASDAQ:MRCY)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 76,501 shares of the technology company's stock, valued at approximately $2,831,000. B. Metzler seel. Sohn & Co. Holding AG owned approximately 0.13% of Mercury Systems as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MRCY. Signaturefd LLC grew its stake 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 in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Mercury Systems by 1,126.3% in 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 last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Mercury Systems by 216.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company's stock worth $64,000 after acquiring an additional 1,622 shares in the last quarter. Covestor Ltd lifted its stake in 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. Finally, nVerses Capital LLC acquired a new position in Mercury Systems in the second quarter valued at approximately $81,000. 95.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Debora A. Plunkett sold 1,843 shares of the business's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $38.07, for a total transaction of $70,163.01. Following the sale, the director now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Charles Roger Iv Wells sold 1,527 shares of the business's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $38.80, for a total value of $59,247.60. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold 3,439 shares of company stock valued at $132,005 over the last quarter. Company insiders own 1.60% of the company's stock.

Mercury Systems Trading Down 0.1 %

Shares of Mercury Systems stock opened at $38.92 on Thursday. 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 firm has a market cap of $2.32 billion, a price-to-earnings ratio of -18.99 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. The company's 50-day simple moving average is $36.84 and its 200-day simple moving average is $34.04.

Analyst Upgrades and Downgrades

MRCY has been the subject of several recent analyst reports. Royal Bank of Canada boosted their price objective on shares of Mercury Systems from $30.00 to $35.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 14th. Alembic Global Advisors upgraded Mercury Systems from a "neutral" rating to an "overweight" rating and set a $48.00 target price on the stock in a research report on Monday, August 19th. StockNews.com cut Mercury Systems from a "hold" rating to a "sell" rating in a research report on Tuesday. 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 research report on Thursday, November 7th. Finally, Robert W. Baird raised their price objective on shares of Mercury Systems from $26.00 to $37.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 14th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target 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.