Mercury Systems (NASDAQ:MRCY) Downgraded by StockNews.com

StockNews.com lowered shares of Mercury Systems (NASDAQ:MRCY) from a hold rating to a sell rating in a report released on Monday morning.

Several other brokerages have also recently weighed in 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 note on Monday, August 19th. Truist Financial upped their price objective on Mercury Systems from $26.00 to $31.00 and gave the company a hold rating in a research note on Wednesday, August 14th. Royal Bank of Canada lifted their target price on Mercury Systems from $30.00 to $35.00 and gave the stock a sector perform rating in a research note on Wednesday, August 14th. Robert W. Baird increased their price target on shares of Mercury Systems from $26.00 to $37.00 and gave the company a neutral rating in a research report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Mercury Systems from $24.00 to $26.00 and gave the stock a neutral rating in a research report on Friday, May 24th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Mercury Systems presently has a consensus rating of Hold and an average target price of $32.25.

Mercury Systems Stock Up 0.9 %

Mercury Systems stock opened at $37.54 on Monday. Mercury Systems has a 1-year low of $25.31 and a 1-year high of $42.72. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of -15.82 and a beta of 0.68. The company has a current ratio of 4.07, a quick ratio of 2.64 and a debt-to-equity ratio of 0.40. The firm’s fifty day moving average price is $34.07 and its two-hundred day moving average price is $30.92.

Insider Transactions at Mercury Systems

In related news, COO Charles Roger Iv Wells sold 1,346 shares of the company’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 $53,153.54. Following the sale, the chief operating officer now directly owns 130,408 shares in the company, valued at approximately $5,149,811.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Charles Roger Iv Wells sold 1,346 shares of Mercury Systems stock in a transaction on Monday, August 19th. The stock was sold at an average price of $39.49, for a total value of $53,153.54. Following the completion of the transaction, the chief operating officer now directly owns 130,408 shares in the company, valued at $5,149,811.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Stephanie Georges sold 1,340 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was 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 of the company’s stock, valued at approximately $1,273,907.91. The disclosure for this sale can be found here. Insiders sold 20,187 shares of company stock worth $792,982 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Mercury Systems

Several hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its holdings in Mercury Systems by 1,126.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock valued at $31,000 after purchasing an additional 1,070 shares during the period. Psagot Value Holdings Ltd. Israel boosted its stake in Mercury Systems by 511.5% during the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 1,278 shares of the technology company’s stock valued at $47,000 after buying an additional 1,069 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its position in Mercury Systems by 216.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock worth $64,000 after buying an additional 1,622 shares in the last quarter. nVerses Capital LLC bought a new position in Mercury Systems in the 2nd quarter worth about $81,000. Finally, Quest Partners LLC raised its holdings in shares of Mercury Systems by 10,995.5% in the 2nd quarter. Quest Partners LLC now owns 4,882 shares of the technology company’s stock valued at $132,000 after acquiring an additional 4,838 shares in 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.