Mercury Systems, Inc. (NASDAQ:MRCY) Receives Average Rating of “Hold” from Analysts

Shares of Mercury Systems, Inc. (NASDAQ:MRCY) have been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $36.29.

Several research analysts have commented on MRCY shares. Jefferies Financial Group raised Mercury Systems from an “underperform” rating to a “hold” rating and boosted their target price for the stock from $30.00 to $42.00 in a research note on Monday, November 11th. StockNews.com raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th.

Mercury Systems Stock Up 0.9 %

NASDAQ MRCY opened at $40.68 on Wednesday. Mercury Systems has a fifty-two week low of $25.31 and a fifty-two week high of $44.63. The business has a fifty day moving average price of $38.13 and a two-hundred day moving average price of $35.54. 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 capitalization of $2.43 billion, a PE ratio of -19.84 and a beta of 0.78.

Insider Activity

In related news, COO Charles Roger Iv Wells sold 1,527 shares of Mercury Systems stock in a transaction on Monday, November 18th. The shares were sold at an average price of $38.80, for a total transaction of $59,247.60. Following the completion of the transaction, the chief operating officer now owns 113,488 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Trading of Mercury Systems

A number of large investors have recently bought and sold shares of the business. Signaturefd LLC boosted its position in shares of Mercury Systems by 144.0% during the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock valued at $25,000 after purchasing an additional 393 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Mercury Systems by 1,126.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock worth $31,000 after buying an additional 1,070 shares during the period. Covestor Ltd increased its stake in shares of Mercury Systems by 41.2% in the 3rd quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock valued at $78,000 after acquiring an additional 620 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Mercury Systems during the 2nd quarter valued at $81,000. Finally, FMR LLC boosted its stake in Mercury Systems by 46.5% during the third quarter. FMR LLC now owns 3,067 shares of the technology company’s stock worth $113,000 after acquiring an additional 974 shares in the last quarter. 95.99% of the stock is currently owned by institutional investors and hedge funds.

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.