MetLife Investment Management LLC Has $1.17 Million Stock Holdings in Mercury Systems, Inc. (NASDAQ:MRCY)

MetLife Investment Management LLC lifted its stake in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 129.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,667 shares of the technology company's stock after acquiring an additional 17,843 shares during the period. MetLife Investment Management LLC owned approximately 0.05% of Mercury Systems worth $1,172,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC lifted its position in shares of Mercury Systems by 144.0% in the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company's stock worth $25,000 after acquiring an additional 393 shares during the period. Nisa Investment Advisors LLC boosted its stake in Mercury Systems by 1,126.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company's stock worth $31,000 after buying an additional 1,070 shares in the last quarter. Covestor Ltd increased its holdings in Mercury Systems by 41.2% in the 3rd quarter. Covestor Ltd now owns 2,124 shares of the technology company's stock valued at $78,000 after buying an additional 620 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of 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 buying an additional 1,622 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Mercury Systems during the 2nd quarter worth about $81,000. Institutional investors own 95.99% of the company's stock.

Mercury Systems Stock Down 0.1 %

Shares of NASDAQ:MRCY traded down $0.05 during midday trading on Friday, reaching $38.32. The company's stock had a trading volume of 362,297 shares, compared to its average volume of 487,496. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 4.10. Mercury Systems, Inc. has a fifty-two week low of $25.31 and a fifty-two week high of $44.63. The business's fifty day simple moving average is $37.68 and its 200-day simple moving average is $34.89.

Insider Transactions at Mercury Systems

In other news, COO Charles Roger Iv Wells sold 1,527 shares of the company's stock in a transaction 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 transaction, the chief operating officer now owns 113,488 shares of the company's stock, valued at $4,403,334.40. This represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on MRCY. Jefferies Financial Group raised shares of Mercury Systems from an "underperform" rating to a "hold" rating and upped their target price for the company from $30.00 to $42.00 in a research note on Monday, November 11th. JPMorgan Chase & Co. increased their target price on Mercury Systems from $36.00 to $40.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Alembic Global Advisors raised Mercury Systems from a "neutral" rating to an "overweight" rating and set a $48.00 price target on the stock in a research note on Monday, August 19th. Royal Bank of Canada upped their price target on Mercury Systems from $30.00 to $35.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 14th. Finally, Truist Financial lifted their price objective on Mercury Systems from $26.00 to $31.00 and gave the company a "hold" rating in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Mercury Systems presently has a consensus 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.