StockNews.com Lowers Mercury Systems (NASDAQ:MRCY) to Sell

Mercury Systems (NASDAQ:MRCY) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

A number of other analysts have also recently issued reports on MRCY. Alembic Global Advisors upgraded Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price objective on the stock in a research 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. JPMorgan Chase & Co. upped their target price on shares of Mercury Systems from $26.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Royal Bank of Canada raised their price target on shares of Mercury Systems from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 14th. Finally, Robert W. Baird lifted 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. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $33.50.

Mercury Systems Price Performance

NASDAQ MRCY opened at $36.31 on Thursday. The stock has a 50-day simple moving average of $35.85 and a 200 day simple moving average of $31.51. Mercury Systems has a twelve month low of $25.31 and a twelve month high of $42.72. The stock has a market capitalization of $2.15 billion, a PE ratio of -15.45 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.64 and a current ratio of 4.07.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, August 13th. The technology company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $248.56 million during the quarter, compared to analyst estimates of $223.80 million. Research analysts anticipate that Mercury Systems will post -0.52 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Stephanie Georges sold 1,340 shares of Mercury Systems 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 transaction, the executive vice president now owns 32,259 shares in the company, valued at $1,273,907.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Stephanie Georges sold 1,340 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $39.49, for a total transaction of $52,916.60. Following the sale, the executive vice president now owns 32,259 shares in the company, valued at $1,273,907.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William L. Ballhaus sold 6,549 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $39.49, for a total value of $258,620.01. Following the completion of the sale, the chief executive officer now owns 353,481 shares of the company’s stock, valued at $13,958,964.69. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,099 shares of company stock valued at $865,740. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mercury Systems

A number of large investors have recently modified their holdings of MRCY. Charles Schwab Investment Management Inc. lifted its holdings in Mercury Systems by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 433,971 shares of the technology company’s stock worth $15,870,000 after buying an additional 23,586 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Mercury Systems by 272.6% during the 4th quarter. BNP Paribas Financial Markets now owns 81,841 shares of the technology company’s stock worth $2,993,000 after purchasing an additional 59,879 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Mercury Systems by 19.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,974,504 shares of the technology company’s stock valued at $72,208,000 after purchasing an additional 325,549 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Mercury Systems by 37.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,703 shares of the technology company’s stock valued at $465,000 after purchasing an additional 3,443 shares during the period. Finally, Norges Bank bought a new position in shares of Mercury Systems in the 4th quarter valued at about $13,294,000. 95.99% of the stock is currently owned by institutional investors and hedge funds.

Mercury Systems Company Profile

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.