Hennion & Walsh Asset Management Inc. buys 3,236 shares of Mercury Systems, Inc. (NASDAQ:MRCY)

VaselineAugust 25, 2024

0 4 minutes read

Hennion & Walsh Asset Management Inc. increased its stake in Mercury Systems, Inc. (NASDAQ:MRCY – Free Report) by 41.0% in the second quarter, Holdings Channel reports. The firm owned 11,130 shares of the technology company’s stock after purchasing an additional 3,236 shares during the period. Holdings of Hennion & Walsh Asset Management Inc. in Mercury Systems were worth $300,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Psagot Value Holdings Ltd. Israel raised its stake in shares of Mercury Systems by 511.5% during the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 1,278 shares of the technology company’s stock worth $47,000 after purchasing an additional 1,069 shares during the period. Lazard Asset Management LLC lifted its position in Mercury Systems by 26.6% in the first quarter. Lazard Asset Management LLC now owns 5,826 shares of the technology company’s stock worth $171,000 after acquiring an additional 1,223 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of Mercury Systems by 26.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 5,826 shares of the technology company’s stock valued at $167,000 after buying an additional 1,223 shares during the period. EntryPoint Capital LLC purchased a new position in shares of Mercury Systems in the 1st quarter worth approximately $184,000. Finally, Virtu Financial LLC purchased a new stake in shares of Mercury Systems in the 1st quarter worth approximately $220,000. Hedge funds and other institutional investors own 95.99% of the company’s shares.

Mercury Systems stock performance

MRCY opened at $36.90 on Friday. The company has a market cap of $2.19 billion, a price-to-earnings ratio of -15.70 and a beta of 0.68. The company’s fifty day simple moving average is $32.53 and two hundred day simple moving average is $30.44. The company has a quick ratio of 2.93, a current ratio of 4.58, and a debt-to-equity ratio of 0.42. Mercury Systems, Inc. it has a 52 week low of $25.31 and a 52 week high of $42.72.

Analyst upgrades and downgrades

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A number of research firms have issued reports on MRCY. Alembic Global Advisors raised shares of Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 target price for the company in a research report on Monday. Royal Bank of Canada upped their target price on shares of Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 14th. Robert W. Baird upped their price objective on Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. JPMorgan Chase & Co. boosted their target price on Mercury Systems from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Finally, StockNews.com upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $32.25, according to MarketBeat.com.

Check out our latest research report on mercury systems

Insider activity at Mercury Systems

In other Mercury Systems news, COO Charles Roger Iv Wells sold 1,346 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $39.49, for a total transaction of $53,153.54. Following the completion of the sale, the chief operating officer now directly owns 130,408 shares in the company, valued at approximately $5,149,811.92. The transaction was disclosed in a filing with the SEC, which is available via this link. In other news, EVP Stephanie Georges sold 1,340 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $39.49, for a total value of $52,916.60. Following the transaction, the executive vice president now directly owns 32,259 shares of the company’s stock, valued at $1,273,907.91. The transaction was disclosed in a legal filing with the SEC, which is accessible via this link. Also, COO Charles Roger Iv Wells sold 1,346 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $39.49, for a total transaction of $53,153.54. Following the sale, the chief operating officer now directly owns 130,408 shares of the company’s stock, valued at approximately $5,149,811.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,296 shares of company stock worth $643,529. 1.80% of shares are held by corporate insiders.

Mercury Systems Company Profile

(Free report)

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules and subsystems for the aerospace and defense industries in the United States, Europe and Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractor and commercial aviation customers.