Verity Asset Management Inc. Has $376,000 Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Verity Asset Management Inc. boosted its stake in Mercury Systems, Inc. (NASDAQ:MRCY) by 20.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,943 shares of the technology company’s stock after buying an additional 1,541 shares during the quarter. Verity Asset Management Inc.’s holdings in Mercury Systems were worth $376,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Conestoga Capital Advisors LLC raised its position in Mercury Systems by 55.9% during the fourth quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company’s stock valued at $87,058,000 after acquiring an additional 743,552 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Mercury Systems by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 658,833 shares of the technology company’s stock valued at $24,377,000 after purchasing an additional 9,582 shares in the last quarter. Royce & Associates LP lifted its stake in shares of Mercury Systems by 0.9% in the 3rd quarter. Royce & Associates LP now owns 221,279 shares of the technology company’s stock valued at $8,187,000 after purchasing an additional 1,920 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Mercury Systems by 28.1% in the third quarter. Van ECK Associates Corp now owns 219,855 shares of the technology company’s stock worth $7,431,000 after purchasing an additional 48,237 shares in the last quarter. Finally, Barclays PLC increased its position in Mercury Systems by 471.3% during the third quarter. Barclays PLC now owns 175,562 shares of the technology company’s stock worth $6,496,000 after buying an additional 144,831 shares during the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

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 that occurred on Monday, November 18th. The shares were sold at an average price of $38.80, for a total value of $59,247.60. Following the sale, the chief operating officer now directly owns 113,488 shares in the company, valued at $4,403,334.40. This trade represents 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 available at the SEC website. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MRCY shares. Truist Financial boosted their price objective on shares of Mercury Systems from $35.00 to $44.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. StockNews.com raised Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. boosted their price objective on Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Jefferies Financial Group raised Mercury Systems from an “underperform” rating to a “hold” rating and lifted their price target for the stock from $30.00 to $42.00 in a research report on Monday, November 11th. Finally, The Goldman Sachs Group increased their price objective on Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Mercury Systems has a consensus rating of “Hold” and an average price target of $39.14.

Mercury Systems Price Performance

MRCY opened at $41.99 on Tuesday. Mercury Systems, Inc. has a twelve month low of $25.31 and a twelve 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. The firm’s fifty day moving average is $41.02 and its two-hundred day moving average is $38.16.

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.