Keybank National Association OH Acquires Shares of 4,785 Mercury Systems, Inc. (NASDAQ:MRCY)

Keybank National Association OH acquired a new stake in shares of Mercury Systems, Inc. (NASDAQ:MRCYGet Rating) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,785 shares of the technology company’s stock, valued at approximately $308,000.

Other institutional investors also recently added to or reduced their stakes in the company. Securian Asset Management Inc. boosted its holdings in Mercury Systems by 5.0% during the second quarter. Securian Asset Management Inc. now owns 5,257 shares of the technology company’s stock valued at $338,000 after purchasing an additional 249 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Mercury Systems by 14.8% in the second quarter. Treasurer of the State of North Carolina now owns 23,677 shares of the technology company’s stock valued at $1,523,000 after acquiring an additional 3,048 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Mercury Systems by 10.9% in the second quarter. Russell Investments Group Ltd. now owns 83,178 shares of the technology company’s stock valued at $5,349,000 after acquiring an additional 8,155 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Mercury Systems by 8,120.9% in the second quarter. Victory Capital Management Inc. now owns 1,059,178 shares of the technology company’s stock valued at $68,137,000 after acquiring an additional 1,046,294 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Mercury Systems by 46.5% in the first quarter. SG Americas Securities LLC now owns 41,051 shares of the technology company’s stock valued at $2,646,000 after acquiring an additional 13,024 shares during the last quarter. 97.95% of the stock is owned by institutional investors and hedge funds.

Mercury Systems Stock Performance

Shares of Mercury Systems stock opened at $50.97 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.25 and a current ratio of 4.83. Mercury Systems, Inc. has a 52 week low of $40.48 and a 52 week high of $72.28. The firm has a fifty day moving average of $46.06 and a two-hundred day moving average of $53.37. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 849.50, a PEG ratio of 23.52 and a beta of 0.95.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MRCY shares. StockNews.com started coverage on shares of Mercury Systems in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. The Goldman Sachs Group cut their target price on shares of Mercury Systems from $57.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, October 13th. Robert W. Baird cut their target price on shares of Mercury Systems from $72.00 to $58.00 in a research note on Wednesday, August 3rd. Raymond James initiated coverage on shares of Mercury Systems in a research report on Thursday, October 27th. They issued an “outperform” rating and a $55.00 price objective for the company. Finally, Royal Bank of Canada dropped their price objective on shares of Mercury Systems from $72.00 to $66.00 and set an “outperform” rating for the company in a research report on Wednesday, August 3rd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.13.

Insider Buying and Selling at Mercury Systems

In other news, EVP Brian E. Perry sold 931 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $51.46, for a total transaction of $47,909.26. Following the completion of the transaction, the executive vice president now directly owns 91,043 shares in the company, valued at approximately $4,685,072.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Brian E. Perry sold 931 shares of Mercury Systems stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $51.46, for a total transaction of $47,909.26. Following the transaction, the executive vice president now owns 91,043 shares of the company’s stock, valued at approximately $4,685,072.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Michelle M. Mccarthy sold 837 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $51.44, for a total transaction of $43,055.28. Following the transaction, the chief accounting officer now owns 16,042 shares of the company’s stock, valued at approximately $825,200.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,601 shares of company stock valued at $927,665. 2.10% of the stock is currently owned by company insiders.

About Mercury Systems

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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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