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

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

Other analysts have also issued reports about the stock. Truist Financial upped their price objective on shares of Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a research note on Wednesday, August 14th. Robert W. Baird upped their target price on Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, August 14th. Alembic Global Advisors raised Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price target on the stock in a research report on Monday, August 19th. Royal Bank of Canada raised their price objective 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, JPMorgan Chase & Co. lifted their price target on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $35.50.

Mercury Systems Price Performance

Mercury Systems stock opened at $38.92 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.10 and a quick ratio of 2.59. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of -19.01 and a beta of 0.71. The firm has a 50-day moving average of $36.78 and a two-hundred day moving average of $34.01. Mercury Systems has a 1 year low of $25.31 and a 1 year high of $44.63.

Insider Buying and Selling

In related news, COO Charles Roger Iv Wells sold 1,527 shares of Mercury Systems stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $38.80, for a total transaction of $59,247.60. Following the transaction, the chief operating officer now owns 113,488 shares in the company, valued at approximately $4,403,334.40. This trade represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Debora A. Plunkett sold 1,843 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $38.07, for a total value of $70,163.01. Following the transaction, the director now directly owns 11,339 shares in the company, valued at $431,675.73. This trade represents a 13.98 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,439 shares of company stock worth $132,005. 1.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Mercury Systems

A number of hedge funds have recently modified their holdings of MRCY. William Blair Investment Management LLC boosted its holdings in Mercury Systems by 0.6% in the 2nd quarter. William Blair Investment Management LLC now owns 6,416,449 shares of the technology company’s stock valued at $173,180,000 after purchasing an additional 36,923 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Mercury Systems by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,027,158 shares of the technology company’s stock valued at $54,713,000 after buying an additional 20,604 shares during the period. Westwood Holdings Group Inc. lifted its holdings in Mercury Systems by 14.7% in the first quarter. Westwood Holdings Group Inc. now owns 1,554,166 shares of the technology company’s stock valued at $45,848,000 after acquiring an additional 199,600 shares during the last quarter. Conestoga Capital Advisors LLC grew its position in Mercury Systems by 1.6% in the third quarter. Conestoga Capital Advisors LLC now owns 1,329,265 shares of the technology company’s stock worth $49,183,000 after acquiring an additional 20,300 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Mercury Systems by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 658,833 shares of the technology company’s stock worth $24,377,000 after acquiring an additional 9,582 shares during the last quarter. Hedge funds and other 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.