Mercury Systems Inc (NASDAQ:MRCY) Stock Holdings Lifted by Standard Life Aberdeen plc
Standard Life Aberdeen plc increased its position in shares of Mercury Systems Inc (NASDAQ:MRCY) by 61.4% during the fourth quarter, Holdings Channel reports. The fund owned 499,672 shares of the technology company’s stock after acquiring an additional 190,018 shares during the quarter. Standard Life Aberdeen plc’s holdings in Mercury Systems were worth $34,532,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the stock. Cubist Systematic Strategies LLC boosted its stake in Mercury Systems by 11.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 9,616 shares of the technology company’s stock worth $665,000 after purchasing an additional 1,020 shares during the period. Jane Street Group LLC purchased a new stake in shares of Mercury Systems in the fourth quarter valued at $219,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Mercury Systems in the fourth quarter valued at $503,000. UBS Asset Management Americas Inc. boosted its position in shares of Mercury Systems by 1.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 272,575 shares of the technology company’s stock worth $18,838,000 after buying an additional 3,407 shares during the period. Finally, Fred Alger Management LLC boosted its position in shares of Mercury Systems by 18.2% in the fourth quarter. Fred Alger Management LLC now owns 2,300,850 shares of the technology company’s stock worth $159,012,000 after buying an additional 354,146 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.
MRCY stock traded up $6.45 during midday trading on Thursday, reaching $75.62. The company had a trading volume of 375,851 shares, compared to its average volume of 452,769. Mercury Systems Inc has a 1 year low of $52.24 and a 1 year high of $89.44. The company has a current ratio of 5.05, a quick ratio of 3.63 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $4.21 billion, a P/E ratio of 64.09, a PEG ratio of 2.28 and a beta of 1.04. The company has a 50 day moving average of $76.96 and a two-hundred day moving average of $75.14.
A number of research analysts have recently weighed in on the company. Robert W. Baird reiterated a “buy” rating and set a $87.00 price target on shares of Mercury Systems in a report on Wednesday, December 4th. BidaskClub raised Mercury Systems from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. ValuEngine upgraded Mercury Systems from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Canaccord Genuity lifted their target price on Mercury Systems from $80.00 to $85.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Mercury Systems presently has a consensus rating of “Buy” and an average price target of $81.40.
In related news, CEO Mark Aslett sold 6,250 shares of Mercury Systems stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $84.77, for a total transaction of $529,812.50. Following the completion of the sale, the chief executive officer now owns 303,563 shares of the company’s stock, valued at $25,733,035.51. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders have sold 18,750 shares of company stock valued at $1,399,625. Insiders own 2.10% of the company’s stock.
About Mercury Systems
Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors. The company's principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, Paveway, Filthy Buzzard, PGK, ProVision, P1, and AIDEWS.
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