Mercury Systems, Inc. (NASDAQ:MRCY) Shares Sold by Sasco Capital Inc. CT

Sasco Capital Inc. CT lowered its position in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 33.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 376,170 shares of the technology company’s stock after selling 184,860 shares during the quarter. Sasco Capital Inc. CT owned about 0.63% of Mercury Systems worth $13,918,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in MRCY. Signaturefd LLC lifted its holdings in 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 buying an additional 393 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in Mercury Systems by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 26,300 shares of the technology company’s stock worth $710,000 after acquiring an additional 400 shares during the last quarter. nVerses Capital LLC lifted its holdings in shares of Mercury Systems by 16.7% in the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the technology company’s stock worth $130,000 after purchasing an additional 500 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Mercury Systems by 43.2% during the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock valued at $62,000 after acquiring an additional 503 shares during the period. Finally, Covestor Ltd boosted 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 period. Institutional investors and hedge funds own 95.99% of the company’s stock.

Insider Transactions at Mercury Systems

In other Mercury Systems news, EVP Steven Ratner sold 3,891 shares of Mercury Systems stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $38.41, for a total value of $149,453.31. Following the transaction, the executive vice president now directly owns 60,079 shares of the company’s stock, valued at $2,307,634.39. The trade was a 6.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Debora A. Plunkett sold 1,843 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $38.07, for a total value of $70,163.01. Following the completion of the sale, the director now directly owns 11,339 shares of the company’s stock, valued at $431,675.73. This represents a 13.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,803 shares of company stock worth $222,211. Company insiders own 1.60% of the company’s stock.

Mercury Systems Trading Down 1.5 %

NASDAQ:MRCY opened at $38.73 on Tuesday. The company has a quick ratio of 2.59, a current ratio of 4.10 and a debt-to-equity ratio of 0.41. Mercury Systems, Inc. has a 12 month low of $25.31 and a 12 month high of $44.63. The company’s 50 day moving average is $36.72 and its 200-day moving average is $33.94. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of -18.89 and a beta of 0.71.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on MRCY shares. Robert W. Baird lifted their target price on Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. lifted their price target on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. StockNews.com lowered shares of Mercury Systems from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Alembic Global Advisors upgraded 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, Royal Bank of Canada increased their price target on shares of Mercury Systems from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Mercury Systems presently has a consensus rating of “Hold” and a consensus target price of $35.50.

Mercury Systems Company 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.