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

Shares of Mercury Systems, Inc. (NASDAQ:MRCY) have been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $36.29.

Several equities analysts have issued reports on MRCY shares. JPMorgan Chase & Co. boosted their price target on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Royal Bank of Canada boosted their price target on Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 14th. StockNews.com lowered Mercury Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Robert W. Baird upped their target price on Mercury Systems from $26.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Finally, Truist Financial upped their target price on Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th.

Mercury Systems Price Performance

Shares of MRCY opened at $41.13 on Friday. Mercury Systems has a 52-week low of $25.31 and a 52-week high of $44.63. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 4.10. The business’s 50 day moving average price is $37.43 and its two-hundred day moving average price is $34.60. The firm has a market cap of $2.45 billion, a PE ratio of -20.06 and a beta of 0.71.

Insider Activity at Mercury Systems

In related news, COO Charles Roger Iv Wells sold 1,527 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $38.80, for a total value of $59,247.60. Following the completion of the sale, the chief operating officer now directly owns 113,488 shares of the company’s stock, valued at approximately $4,403,334.40. This represents a 1.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Mercury Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC grew its stake in Mercury Systems by 144.0% in 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 during the period. Louisiana State Employees Retirement System grew its stake in Mercury Systems by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 26,300 shares of the technology company’s stock valued at $710,000 after purchasing an additional 400 shares during the period. nVerses Capital LLC grew its stake in Mercury Systems by 16.7% in the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the technology company’s stock valued at $130,000 after purchasing an additional 500 shares during the period. Nisa Investment Advisors LLC grew its stake in Mercury Systems by 43.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock valued at $62,000 after purchasing an additional 503 shares during the period. Finally, Covestor Ltd grew its stake in 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 purchasing an additional 620 shares during the period. 95.99% of the stock is owned by hedge funds and other institutional investors.

Mercury Systems Company Profile

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.