Bouvel Investment Partners LLC Acquires Shares of 31,113 Mercury Systems, Inc. (NASDAQ:MRCY)

Bouvel Investment Partners LLC acquired a new stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,113 shares of the technology company's stock, valued at approximately $1,307,000. Bouvel Investment Partners LLC owned about 0.05% of Mercury Systems as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in Mercury Systems by 134.2% during the second quarter. American Century Companies Inc. now owns 18,114 shares of the technology company's stock valued at $489,000 after buying an additional 10,381 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Mercury Systems by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,027,158 shares of the technology company's stock valued at $54,713,000 after acquiring an additional 20,604 shares during the period. King Luther Capital Management Corp increased its stake in shares of Mercury Systems by 13.7% in the 2nd quarter. King Luther Capital Management Corp now owns 108,177 shares of the technology company's stock worth $2,920,000 after purchasing an additional 13,051 shares in the last quarter. Sei Investments Co. raised its holdings in Mercury Systems by 28.7% in the 2nd quarter. Sei Investments Co. now owns 279,327 shares of the technology company's stock worth $7,539,000 after purchasing an additional 62,371 shares during the period. Finally, Gabelli Funds LLC lifted its position in Mercury Systems by 8.4% during the second quarter. Gabelli Funds LLC now owns 12,859 shares of the technology company's stock valued at $347,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 95.99% of the company's stock.

Wall Street Analyst Weigh In

MRCY has been the subject of a number of analyst reports. Jefferies Financial Group upgraded Mercury Systems from an "underperform" rating to a "hold" rating and upped their price target for the stock from $30.00 to $42.00 in a research report on Monday, November 11th. JPMorgan Chase & Co. increased 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. StockNews.com upgraded shares of Mercury Systems from a "sell" rating to a "hold" rating in a research note on Thursday, December 5th. Truist Financial upped their price target on shares of Mercury Systems from $35.00 to $44.00 and gave the stock a "hold" rating in a research report on Tuesday. Finally, The Goldman Sachs Group lifted their target price on shares of Mercury Systems from $25.00 to $28.00 and gave the company a "sell" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $39.14.

Insider Activity at Mercury Systems

In related news, COO Charles Roger Iv Wells sold 1,527 shares of the 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 completion of the transaction, the chief operating officer now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is currently owned by corporate insiders.

Mercury Systems Price Performance

Shares of Mercury Systems stock traded up $0.06 on Friday, hitting $42.92. 752,189 shares of the company traded hands, compared to its average volume of 394,372. Mercury Systems, Inc. has a 52 week low of $25.31 and a 52 week high of $44.63. The business has a 50-day simple moving average of $40.82 and a 200 day simple moving average of $37.29. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 4.10. The stock has a market capitalization of $2.56 billion, a P/E ratio of -20.94 and a beta of 0.78.

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.