William Blair Investment Management LLC Has $173.18 Million Stock Position in Mercury Systems, Inc. (NASDAQ:MRCY)

William Blair Investment Management LLC increased its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,416,449 shares of the technology company’s stock after acquiring an additional 36,923 shares during the quarter. William Blair Investment Management LLC owned about 0.11% of Mercury Systems worth $173,180,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its holdings in shares of Mercury Systems by 1,126.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock worth $31,000 after purchasing an additional 1,070 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its position in Mercury Systems by 216.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock worth $64,000 after buying an additional 1,622 shares in the last quarter. nVerses Capital LLC bought a new position in Mercury Systems during the second quarter valued at about $81,000. Quest Partners LLC raised its holdings in Mercury Systems by 10,995.5% in the 2nd quarter. Quest Partners LLC now owns 4,882 shares of the technology company’s stock valued at $132,000 after acquiring an additional 4,838 shares in the last quarter. Finally, Headlands Technologies LLC lifted its position in shares of Mercury Systems by 625.7% in the 2nd quarter. Headlands Technologies LLC now owns 5,726 shares of the technology company’s stock worth $155,000 after acquiring an additional 4,937 shares during the period. 95.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on MRCY. JPMorgan Chase & Co. boosted their price objective on Mercury Systems from $26.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Alembic Global Advisors raised shares of Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price target on the stock in a report on Monday, August 19th. Truist Financial raised their price objective on shares of Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a report on Wednesday, August 14th. 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 note on Wednesday, August 14th. Finally, Robert W. Baird increased their price target on shares of Mercury Systems from $26.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $33.50.

Insider Transactions at Mercury Systems

In related news, EVP Stephanie Georges sold 1,340 shares of Mercury Systems stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $39.49, for a total value of $52,916.60. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Stephanie Georges sold 1,340 shares of the firm’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 value of $52,916.60. Following the completion of the sale, the executive vice president now owns 32,259 shares of the company’s stock, valued at $1,273,907.91. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Charles Roger Iv Wells sold 1,346 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $39.49, for a total transaction of $53,153.54. Following the completion of the transaction, the chief operating officer now 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 quarter, insiders have sold 22,030 shares of company stock worth $863,145. Insiders own 1.80% of the company’s stock.

Mercury Systems Price Performance

Shares of Mercury Systems stock opened at $38.02 on Friday. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of -16.18 and a beta of 0.69. The firm’s 50-day moving average price is $35.45 and its two-hundred day moving average price is $31.35. The company has a current ratio of 4.07, a quick ratio of 2.64 and a debt-to-equity ratio of 0.40. Mercury Systems, Inc. has a 1-year low of $25.31 and a 1-year high of $42.72.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, August 13th. The technology company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.23) by $0.32. Mercury Systems had a negative return on equity of 4.92% and a negative net margin of 16.48%. The business had revenue of $248.56 million for the quarter, compared to the consensus estimate of $223.80 million. On average, equities analysts predict that Mercury Systems, Inc. will post -0.52 earnings per share for the current fiscal year.

About Mercury Systems

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.