StockNews.com Upgrades Mercury Systems (NASDAQ:MRCY) to Hold

Mercury Systems (NASDAQ:MRCY) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Other research analysts also recently issued research reports about the stock. Royal Bank of Canada upped their price objective on shares of Mercury Systems from $30.00 to $35.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 14th. Alembic Global Advisors raised shares of 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. Robert W. Baird lifted their price target on Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Jefferies Financial Group raised Mercury Systems from an “underperform” rating to a “hold” rating and increased their price objective for the stock from $30.00 to $42.00 in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. lifted their target price on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $36.29.

Mercury Systems Trading Down 0.1 %

NASDAQ MRCY opened at $38.32 on Thursday. The company has a quick ratio of 2.59, a current ratio of 4.10 and a debt-to-equity ratio of 0.41. Mercury Systems has a 52 week low of $25.31 and a 52 week high of $44.63. The business has a 50 day moving average price of $37.68 and a 200-day moving average price of $34.89. The company has a market cap of $2.29 billion, a price-to-earnings ratio of -18.69 and a beta of 0.78.

Insider Activity at Mercury Systems

In other Mercury Systems news, COO Charles Roger Iv Wells sold 1,527 shares of Mercury Systems stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $38.80, for a total value of $59,247.60. Following the sale, the chief operating officer now owns 113,488 shares of the company’s stock, valued at approximately $4,403,334.40. The trade was a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. William Blair Investment Management LLC lifted its stake in shares of Mercury Systems by 0.6% during 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 buying an additional 36,923 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of Mercury Systems during the second quarter worth $526,000. Raymond James & Associates boosted its holdings in shares of Mercury Systems by 40.0% in the third quarter. Raymond James & Associates now owns 93,454 shares of the technology company’s stock worth $3,458,000 after acquiring an additional 26,718 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Mercury Systems by 52.1% in the second quarter. Van ECK Associates Corp now owns 171,618 shares of the technology company’s stock worth $4,632,000 after acquiring an additional 58,805 shares during the period. Finally, Natixis Advisors LLC grew its position in shares of Mercury Systems by 18.1% in the third quarter. Natixis Advisors LLC now owns 14,686 shares of the technology company’s stock valued at $543,000 after purchasing an additional 2,255 shares in the last quarter. 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.