Healthcare of Ontario Pension Plan Trust Fund Decreases Stake in Mercury Systems, Inc. (NASDAQ:MRCY)

Healthcare of Ontario Pension Plan Trust Fund reduced its holdings in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 15.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,565 shares of the technology company's stock after selling 17,500 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.16% of Mercury Systems worth $3,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MRCY. Signaturefd LLC boosted its holdings in Mercury Systems by 144.0% in 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 grew its holdings in shares of Mercury Systems by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 26,300 shares of the technology company's stock worth $710,000 after acquiring an additional 400 shares during the period. nVerses Capital LLC increased its position in Mercury Systems by 16.7% during the third quarter. nVerses Capital LLC now owns 3,500 shares of the technology company's stock valued at $130,000 after acquiring an additional 500 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Mercury Systems by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company's stock valued at $62,000 after acquiring an additional 503 shares during the period. Finally, Covestor Ltd boosted its position 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 last quarter. 95.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Mercury Systems news, COO Charles Roger Iv Wells sold 1,527 shares of the firm'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 completion of the sale, the chief operating officer now directly owns 113,488 shares in the company, valued at $4,403,334.40. This trade represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Mercury Systems Stock Up 0.2 %

Shares of NASDAQ:MRCY traded up $0.08 during trading on Friday, hitting $41.13. 228,221 shares of the company's stock were exchanged, compared to its average volume of 479,978. Mercury Systems, Inc. has a 52-week low of $25.31 and a 52-week high of $44.63. The business's 50-day simple moving average is $37.43 and its 200 day simple moving average is $34.64. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 4.10.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MRCY shares. JPMorgan Chase & Co. upped their price target on shares of Mercury Systems from $36.00 to $40.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Alembic Global Advisors upgraded shares of Mercury Systems from a "neutral" rating to an "overweight" rating and set a $48.00 price target on the stock in a research report on Monday, August 19th. Jefferies Financial Group raised shares of Mercury Systems from an "underperform" rating to a "hold" rating and boosted their price objective for the company from $30.00 to $42.00 in a research report on Monday, November 11th. Robert W. Baird raised their target price on Mercury Systems from $26.00 to $37.00 and gave the stock a "neutral" rating in a report on Wednesday, August 14th. Finally, Royal Bank of Canada boosted their price target on Mercury Systems from $30.00 to $35.00 and gave the company a "sector perform" rating in a report on Wednesday, August 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Mercury Systems presently has an average rating of "Hold" and an average price target of $36.29.

About Mercury Systems

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.