Mercury Systems, Inc. (NASDAQ:MRCY) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its stake in Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,268,875 shares of the technology company's stock after selling 41,705 shares during the period. Mercury Systems accounts for approximately 0.6% of Segall Bryant & Hamill LLC's holdings, making the stock its 29th biggest holding. Segall Bryant & Hamill LLC owned 2.13% of Mercury Systems worth $46,948,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Westwood Holdings Group Inc. grew its stake in shares of Mercury Systems by 14.7% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,554,166 shares of the technology company's stock valued at $45,848,000 after purchasing an additional 199,600 shares during the period. Roubaix Capital LLC purchased a new position in Mercury Systems in the 2nd quarter worth approximately $3,684,000. Jane Street Group LLC lifted its holdings in Mercury Systems by 102.6% in the 1st quarter. Jane Street Group LLC now owns 257,514 shares of the technology company's stock worth $7,597,000 after purchasing an additional 130,396 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Mercury Systems during the 2nd quarter worth approximately $3,079,000. Finally, Clearline Capital LP raised its holdings in Mercury Systems by 18.4% during the 2nd quarter. Clearline Capital LP now owns 526,611 shares of the technology company's stock valued at $14,213,000 after buying an additional 81,826 shares during the period. Institutional investors own 95.99% of the company's stock.

Insider Buying and Selling

In other Mercury Systems news, COO Charles Roger Iv Wells sold 1,527 shares of the company's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $38.80, for a total transaction of $59,247.60. Following the sale, the chief operating officer now owns 113,488 shares in the company, valued at $4,403,334.40. This represents a 1.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jana Partners Management, Lp acquired 13,600 shares of the company's stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average price of $37.25 per share, for a total transaction of $506,600.00. Following the acquisition, the director now owns 6,944,633 shares in the company, valued at approximately $258,687,579.25. The trade was a 0.20 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 3,439 shares of company stock valued at $132,005. Corporate insiders own 1.60% of the company's stock.

Mercury Systems Trading Down 0.2 %

Shares of Mercury Systems stock traded down $0.07 during trading hours on Wednesday, hitting $38.90. The company's stock had a trading volume of 149,662 shares, compared to its average volume of 580,931. Mercury Systems, Inc. has a twelve month low of $25.31 and a twelve month high of $44.63. The firm has a fifty day moving average of $36.78 and a 200-day moving average of $34.01. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of -19.01 and a beta of 0.71. 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 Analysts Forecast Growth

Several research firms recently weighed in on MRCY. Royal Bank of Canada increased 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. Truist Financial raised their price objective on Mercury Systems from $26.00 to $31.00 and gave the company a "hold" rating in a research report on Wednesday, August 14th. Jefferies Financial Group upgraded Mercury Systems from an "underperform" rating to a "hold" rating and raised their price objective for the stock from $30.00 to $42.00 in a research note on Monday, November 11th. Alembic Global Advisors raised Mercury Systems from a "neutral" rating to an "overweight" rating and set a $48.00 price objective on the stock in a report on Monday, August 19th. Finally, JPMorgan Chase & Co. raised their price objective on Mercury Systems from $36.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $35.50.

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.