Nomura Holdings Inc. Has $25.32 Million Holdings in Mercury Systems, Inc. (NASDAQ:MRCY)

Nomura Holdings Inc. lessened its stake in Mercury Systems, Inc. (NASDAQ:MRCYGet Rating) by 64.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 386,838 shares of the technology company’s stock after selling 702,195 shares during the quarter. Nomura Holdings Inc. owned 0.67% of Mercury Systems worth $25,316,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. GHP Investment Advisors Inc. bought a new stake in shares of Mercury Systems in the first quarter worth $45,000. Captrust Financial Advisors lifted its position in shares of Mercury Systems by 60.7% in the first quarter. Captrust Financial Advisors now owns 1,573 shares of the technology company’s stock worth $101,000 after purchasing an additional 594 shares in the last quarter. Hardy Reed LLC bought a new stake in shares of Mercury Systems in the first quarter worth $158,000. ARK Investment Management LLC bought a new stake in shares of Mercury Systems in the first quarter worth $180,000. Finally, Shelton Capital Management bought a new stake in shares of Mercury Systems in the first quarter worth $209,000. Institutional investors and hedge funds own 97.95% of the company’s stock.

Mercury Systems Price Performance

Shares of MRCY opened at $47.13 on Wednesday. The firm has a market capitalization of $2.72 billion, a PE ratio of 248.07, a PEG ratio of 22.75 and a beta of 0.85. The company’s 50-day moving average is $54.01 and its 200-day moving average is $58.83. Mercury Systems, Inc. has a fifty-two week low of $44.04 and a fifty-two week high of $72.28. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.20 and a quick ratio of 2.81.

Insider Activity

In other news, CAO Michelle M. Mccarthy sold 830 shares of the stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $50.03, for a total value of $41,524.90. Following the transaction, the chief accounting officer now directly owns 16,879 shares of the company’s stock, valued at $844,456.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Michelle M. Mccarthy sold 837 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $51.44, for a total value of $43,055.28. Following the transaction, the chief accounting officer now directly owns 16,042 shares in the company, valued at $825,200.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Michelle M. Mccarthy sold 830 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $50.03, for a total transaction of $41,524.90. Following the completion of the transaction, the chief accounting officer now owns 16,879 shares in the company, valued at $844,456.37. The disclosure for this sale can be found here. Insiders have sold 15,156 shares of company stock valued at $776,637 over the last ninety days. 2.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MRCY has been the topic of a number of research reports. Robert W. Baird cut their price objective on shares of Mercury Systems from $72.00 to $58.00 in a research report on Wednesday, August 3rd. Royal Bank of Canada dropped their price target on shares of Mercury Systems from $72.00 to $66.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 3rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $64.00.

Mercury Systems Company Profile

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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.

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Institutional Ownership by Quarter for Mercury Systems (NASDAQ:MRCY)

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