Mercury Systems, Inc. (NASDAQ:MRCY) Receives Consensus Recommendation of “Hold” from Brokerages

Mercury Systems, Inc. (NASDAQ:MRCY) has been assigned a consensus recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $39.67.

MRCY has been the topic of a number of recent research reports. TheStreet cut shares of Mercury Systems from a “c-” rating to a “d+” rating in a research report on Tuesday, August 15th. Robert W. Baird reduced their price target on shares of Mercury Systems from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 16th. JPMorgan Chase & Co. reduced their price target on shares of Mercury Systems from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 16th. StockNews.com started coverage on shares of Mercury Systems in a research report on Thursday, October 5th. They set a “sell” rating on the stock. Finally, Royal Bank of Canada reduced their target price on shares of Mercury Systems from $40.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 16th.

Mercury Systems Trading Up 0.2 %

Shares of MRCY stock opened at $34.18 on Tuesday. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of -38.40, a price-to-earnings-growth ratio of 31.30 and a beta of 0.85. The company has a quick ratio of 2.88, a current ratio of 4.65 and a debt-to-equity ratio of 0.37. Mercury Systems has a fifty-two week low of $28.90 and a fifty-two week high of $59.13. The firm’s 50 day moving average price is $36.58 and its two-hundred day moving average price is $37.46.

Insider Activity at Mercury Systems

In related news, Director Jana Partners Management, Lp purchased 215,550 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were purchased at an average cost of $33.28 per share, with a total value of $7,173,504.00. Following the completion of the acquisition, the director now directly owns 4,926,936 shares of the company’s stock, valued at approximately $163,968,430.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mercury Systems news, Director Jana Partners Management, Lp bought 215,550 shares of the stock in a transaction on Thursday, November 16th. The stock was purchased at an average price of $33.28 per share, for a total transaction of $7,173,504.00. Following the completion of the purchase, the director now directly owns 4,926,936 shares in the company, valued at $163,968,430.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher C. Cambria sold 1,508 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $36.65, for a total transaction of $55,268.20. Following the sale, the executive vice president now owns 135,730 shares of the company’s stock, valued at approximately $4,974,504.50. The disclosure for this sale can be found here. Insiders have sold 5,708 shares of company stock valued at $217,707 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Mercury Systems

Several institutional investors have recently added to or reduced their stakes in MRCY. Jacobs Levy Equity Management Inc. bought a new position in shares of Mercury Systems during the third quarter worth about $452,000. JANA Partners Management LP bought a new position in shares of Mercury Systems during the third quarter worth about $174,518,000. Tudor Investment Corp Et Al grew its position in shares of Mercury Systems by 108.2% during the third quarter. Tudor Investment Corp Et Al now owns 117,217 shares of the technology company’s stock worth $4,348,000 after acquiring an additional 60,924 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Mercury Systems by 23.2% during the third quarter. Public Employees Retirement System of Ohio now owns 72,306 shares of the technology company’s stock worth $2,682,000 after acquiring an additional 13,614 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Mercury Systems by 50.8% during the third quarter. The Manufacturers Life Insurance Company now owns 824,082 shares of the technology company’s stock worth $30,565,000 after acquiring an additional 277,689 shares during 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.