23,167 Shares in Mercury Systems, Inc. (NASDAQ:MRCY) Purchased by XTX Topco Ltd

XTX Topco Ltd bought a new stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 23,167 shares of the technology company's stock, valued at approximately $857,000.

Other hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC increased its position in Mercury Systems by 144.0% during the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company's stock valued at $25,000 after buying an additional 393 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Mercury Systems by 1,126.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company's stock valued at $31,000 after purchasing an additional 1,070 shares during the last quarter. Covestor Ltd grew its stake in Mercury Systems by 41.2% during the 3rd quarter. Covestor Ltd now owns 2,124 shares of the technology company's stock valued at $78,000 after purchasing an additional 620 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in 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 valued at $64,000 after purchasing an additional 1,622 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in Mercury Systems during the 2nd quarter valued at about $81,000. 95.99% of the stock is owned by institutional investors and hedge funds.

Mercury Systems Stock Up 2.9 %

NASDAQ:MRCY traded up $1.09 during midday trading on Wednesday, reaching $39.19. The company had a trading volume of 500,398 shares, compared to its average volume of 576,796. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of -19.11 and a beta of 0.78. The stock's fifty day simple moving average is $37.74 and its 200-day simple moving average is $35.05. Mercury Systems, Inc. has a 12-month low of $25.31 and a 12-month high of $44.63. The company has a current ratio of 4.10, a quick ratio of 2.59 and a debt-to-equity ratio of 0.41.

Insider Buying and Selling at Mercury Systems

In other news, COO Charles Roger Iv Wells sold 1,527 shares of Mercury Systems 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 approximately $4,403,334.40. The trade was a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on MRCY shares. Robert W. Baird boosted their price target on Mercury Systems from $26.00 to $37.00 and gave the company a "neutral" rating in a research note on Wednesday, August 14th. Truist Financial increased their target price on Mercury Systems from $26.00 to $31.00 and gave the company a "hold" rating in a report on Wednesday, August 14th. Jefferies Financial Group raised Mercury Systems from an "underperform" rating to a "hold" rating and increased their target price for the company from $30.00 to $42.00 in a report on Monday, November 11th. Alembic Global Advisors raised Mercury Systems from a "neutral" rating to an "overweight" rating and set a $48.00 target price for the company in a report on Monday, August 19th. Finally, Royal Bank of Canada increased their target price on Mercury Systems from $30.00 to $35.00 and gave the company a "sector perform" rating in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Mercury Systems presently has a consensus rating of "Hold" and a consensus target price of $36.29.

Mercury Systems 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.