Mercury Systems (NASDAQ:MRCY) Stock Rating Lowered by StockNews.com

Mercury Systems (NASDAQ:MRCY) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

A number of other analysts also recently weighed in on the stock. Truist Financial upped their target price on shares of Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. Robert W. Baird raised their target price on shares of Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Royal Bank of Canada boosted their price target on Mercury Systems from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. upped their price target on Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Alembic Global Advisors upgraded Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price objective for the company in a research note on Monday, August 19th. Four 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.00.

Mercury Systems Price Performance

Shares of MRCY opened at $42.70 on Thursday. The company has a 50-day simple moving average of $36.18 and a two-hundred day simple moving average of $33.32. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.64 and a current ratio of 4.10. Mercury Systems has a one year low of $25.31 and a one year high of $43.33.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, August 13th. The technology company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.32. The company had revenue of $248.56 million for the quarter, compared to analyst estimates of $223.80 million. Mercury Systems had a negative return on equity of 3.96% and a negative net margin of 13.80%. Research analysts anticipate that Mercury Systems will post -0.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO William L. Ballhaus sold 6,549 shares of the company’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 value of $258,620.01. Following the transaction, the chief executive officer now directly owns 353,481 shares of the company’s stock, valued at approximately $13,958,964.69. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 sale, the executive vice president now directly owns 32,259 shares in the company, valued at $1,273,907.91. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William L. Ballhaus sold 6,549 shares of the business’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 transaction of $258,620.01. Following the transaction, the chief executive officer now directly owns 353,481 shares of the company’s stock, valued at $13,958,964.69. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,099 shares of company stock worth $865,740 in the last three months. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Mercury Systems

Large investors have recently added to or reduced their stakes in the stock. King Luther Capital Management Corp lifted its holdings in shares of Mercury Systems by 0.8% during the 3rd quarter. King Luther Capital Management Corp now owns 109,045 shares of the technology company’s stock valued at $4,035,000 after buying an additional 868 shares during the period. Moors & Cabot Inc. bought a new position in Mercury Systems in the third quarter valued at about $279,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Mercury Systems in the third quarter worth about $2,831,000. Natixis Advisors LLC boosted its position in Mercury Systems by 18.1% in the third quarter. Natixis Advisors LLC now owns 14,686 shares of the technology company’s stock worth $543,000 after purchasing an additional 2,255 shares during the last quarter. Finally, Royce & Associates LP grew its stake in shares of Mercury Systems by 0.9% during the 3rd quarter. Royce & Associates LP now owns 221,279 shares of the technology company’s stock valued at $8,187,000 after purchasing an additional 1,920 shares during the period. Institutional investors own 95.99% of the company’s stock.

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.