Insider Selling: Mercury Systems, Inc. (NASDAQ:MRCY) COO Sells 1,346 Shares of Stock

Mercury Systems, Inc. (NASDAQ:MRCY) COO Charles Roger Iv Wells sold 1,346 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $39.49, for a total value of $53,153.54. Following the completion of the sale, the chief operating officer now owns 130,408 shares of the company’s stock, valued at $5,149,811.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Mercury Systems Trading Down 1.0 %

MRCY traded down $0.37 during midday trading on Wednesday, reaching $38.34. 499,378 shares of the company were exchanged, compared to its average volume of 635,190. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.93 and a current ratio of 4.58. Mercury Systems, Inc. has a one year low of $25.31 and a one year high of $42.72. The stock has a market capitalization of $2.28 billion, a P/E ratio of -16.31 and a beta of 0.68. The stock’s 50-day simple moving average is $32.37 and its 200 day simple moving average is $30.40.

Hedge Funds Weigh In On Mercury Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MRCY. Nisa Investment Advisors LLC lifted its holdings 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 valued at $31,000 after purchasing an additional 1,070 shares in the last quarter. Psagot Value Holdings Ltd. Israel lifted its holdings in shares of Mercury Systems by 511.5% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 1,278 shares of the technology company’s stock valued at $47,000 after purchasing an additional 1,069 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Mercury Systems by 216.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock valued at $64,000 after purchasing an additional 1,622 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Mercury Systems during the 2nd quarter valued at about $81,000. Finally, Quest Partners LLC lifted its holdings in shares of Mercury Systems by 10,995.5% during the 2nd quarter. Quest Partners LLC now owns 4,882 shares of the technology company’s stock valued at $132,000 after purchasing an additional 4,838 shares in the last quarter. Institutional investors own 95.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on MRCY shares. Alembic Global Advisors upgraded Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 target price for the company in a research note on Monday. Royal Bank of Canada raised their price target on Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a report on Wednesday, August 14th. StockNews.com upgraded Mercury Systems from a “sell” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. raised their price target on Mercury Systems from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Finally, Robert W. Baird raised their price target on Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Mercury Systems has a consensus rating of “Hold” and an average price target of $32.25.

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.