Mercury Systems, Inc. (NASDAQ:MRCY) Director Jana Partners Management, Lp Acquires 215,550 Shares

Mercury Systems, Inc. (NASDAQ:MRCY) Director Jana Partners Management, Lp acquired 215,550 shares of Mercury Systems stock in a transaction dated Thursday, November 16th. The shares were purchased at an average price of $33.28 per share, for a total transaction of $7,173,504.00. Following the completion of the transaction, the director now directly owns 4,926,936 shares in the company, valued at approximately $163,968,430.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Jana Partners Management, Lp also recently made the following trade(s):

• On Monday, November 20th, Jana Partners Management, Lp purchased 315 shares of Mercury Systems stock. The shares were acquired at an average cost of $34.05 per share, for a total transaction of $10,725.75.

Mercury Systems Stock Up 0.2 %

Shares of NASDAQ MRCY opened at $34.18 on Tuesday. The firm has a fifty day simple moving average of $36.58 and a two-hundred day simple moving average of $37.46. Mercury Systems, Inc. has a 12 month low of $28.90 and a 12 month high of $59.13. The company has a current ratio of 4.65, a quick ratio of 2.88 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $2.03 billion, a PE ratio of -38.40, a price-to-earnings-growth ratio of 31.30 and a beta of 0.85.

Analysts Set New Price Targets

A number of equities analysts recently commented on MRCY shares. JPMorgan Chase & Co. decreased their target price on shares of Mercury Systems from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 16th. TheStreet lowered Mercury Systems from a “c-” rating to a “d+” rating in a research note on Tuesday, August 15th. StockNews.com began coverage on Mercury Systems in a research note on Thursday, October 5th. They issued a “sell” rating on the stock. Royal Bank of Canada lowered their price objective on Mercury Systems from $40.00 to $35.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 16th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $48.00 target price on shares of Mercury Systems in a research note on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Mercury Systems currently has an average rating of “Hold” and a consensus target price of $39.67.

Hedge Funds Weigh In On Mercury Systems

A number of institutional investors have recently bought and sold shares of MRCY. JPMorgan Chase & Co. grew its holdings in shares of Mercury Systems by 10.7% during the 1st quarter. JPMorgan Chase & Co. now owns 85,186 shares of the technology company’s stock worth $5,490,000 after acquiring an additional 8,264 shares during the period. US Bancorp DE grew its stake in Mercury Systems by 32.5% in the first quarter. US Bancorp DE now owns 7,765 shares of the technology company’s stock worth $500,000 after purchasing an additional 1,904 shares during the period. Bank of Montreal Can raised its holdings in Mercury Systems by 79.7% in the first quarter. Bank of Montreal Can now owns 13,937 shares of the technology company’s stock worth $919,000 after purchasing an additional 6,182 shares in the last quarter. MetLife Investment Management LLC lifted its position in Mercury Systems by 33.6% during the first quarter. MetLife Investment Management LLC now owns 36,688 shares of the technology company’s stock valued at $2,365,000 after buying an additional 9,237 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Mercury Systems by 14.9% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,343 shares of the technology company’s stock valued at $1,504,000 after buying an additional 3,032 shares in the last quarter. 95.99% of the stock is owned by institutional investors.

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.