The Attractiveness of Investing In Mercury Systems Inc. (MRCY) is Growing


Mercury Systems Inc.’s recently made public that its Director JANA PARTNERS LLC acquired Company’s shares for reported $1.9 million on Aug 18. In the deal valued at $38.05 per share,50,000 shares were bought. As a result of this transaction, JANA PARTNERS LLC now holds 4,711,386 shares worth roughly $ 183.51 million.

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Then, Ballhaus William L bought 39,925 shares, generating $1,499,998 in total proceeds. Upon buying the shares at $37.57, the President & CEO now owns 291,999 shares.

Before that, KRONE ROGER A bought 15,000 shares. Mercury Systems Inc. shares valued at $577,524 were divested by the Director at a price of $38.50 per share. As a result of the transaction, KRONE ROGER A now holds 15,000 shares, worth roughly $0.58 million.

JP Morgan downgraded its Mercury Systems Inc. [MRCY] rating to a Neutral from a an Overweight in a research note published on Friday, June 26, 2023; the price target was decreased to $37 from $56. PT values the company’s stock at a premium of -5.27 to its Friday closing price.

Price Performance Review of MRCY

On Friday, Mercury Systems Inc. [NASDAQ:MRCY] saw its stock fall -0.76% to $38.95. On the same session, the stock had its day’s lowest price of $38.8615, but rose to a high of $39.65. Over the last five days, the stock has lost -0.94%. Mercury Systems Inc. shares have fallen nearly -12.94% since the year began. Nevertheless, the stocks have fallen -19.07% over the past one year. While a 52-week high of $59.13 was reached on 02/01/23, a 52-week low of $28.90 was recorded on 06/26/23. SMA at 50 days reached $36.36, while 200 days put it at $44.63. A total of 0.46 million shares were traded, compared to the trading of 0.38 million shares in the previous session.

Levels Of Support And Resistance For MRCY Stock

The 24-hour chart illustrates a support level at 38.66, which if violated will result in even more drops to 38.37. On the upside, there is a resistance level at 39.45. A further resistance level may holdings at 39.94. The Relative Strength Index (RSI) on the 14-day chart is 55.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.01%. Stochastics %K at 80.67% indicates the stock is a selling.

How much short interest is there in Mercury Systems Inc.?

A steep rise in short interest was recorded in Mercury Systems Inc. stocks on Aug 14, 2023, growing by 0.24 million shares to a total of 2.52 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.28 million shares. There was a rise of 9.52%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.42% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.3.

Mercury Systems Inc. [MRCY] – Who Are The Largest Shareholders?

In filings from William Blair Investment Manageme, it is revealed that the company now owns 5,520,048 shares, or roughly 9.49% of the outstanding MRCY shares. In other words, the investor’s shares have risen by 7,882 from its previous 13-F filing of 5512166.0. Additionally, BlackRock Fund Advisors decreased -0.39% of its stake after which the total value it holdings stand at $204,105,090, while The Vanguard Group, Inc. reduced -0.36% of its stake to hold $194.33 million in the firm. Over the last quarter, JANA Partners LLC purchased 316,745 shares of Mercury Systems Inc., while Starboard Value LP bought -936,291 shares. At present, SSgA Funds Management, Inc. is holding 2,580,984 shares valued at $98.03 million. Conestoga Capital Advisors LLC owned 2,475,711 shares of the company at the time of its most recent 13F filing, worth $94.03 million.

According to FactSet, Mercury Systems Inc.’s share price will average $38.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 0.64 percent from its previous closing price of $39.25. Analysts expect Mercury Systems Inc. stock to reach the higher price of $48.00, while the lowest price estimate is $25.00. However, 9 analysts have rated MRCY stock as an Overweight in their predictions for 2023.


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