Charles Roger Iv Wells Sells 2,342 Shares of Mercury Systems, Inc. (NASDAQ:MRCY) Stock

Mercury Systems, Inc. (NASDAQ:MRCY) COO Charles Roger Iv Wells sold 2,342 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $103,329.04. Following the transaction, the chief operating officer now owns 95,928 shares of the company’s stock, valued at $4,232,343.36. The trade was a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mercury Systems Trading Down 2.1 %

Mercury Systems stock opened at $43.06 on Friday. The business has a 50-day simple moving average of $42.48 and a two-hundred day simple moving average of $39.13. The company has a market cap of $2.57 billion, a P/E ratio of -27.60 and a beta of 0.79. Mercury Systems, Inc. has a 52-week low of $26.48 and a 52-week high of $52.25. The company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Mercury Systems had a negative net margin of 10.23% and a negative return on equity of 2.03%. Analysts predict that Mercury Systems, Inc. will post -0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MRCY shares. Baird R W upgraded Mercury Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. increased their price objective on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. The Goldman Sachs Group increased their price objective on Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a research report on Thursday, January 16th. Robert W. Baird raised Mercury Systems from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $37.00 to $58.00 in a research report on Wednesday, February 5th. Finally, Truist Financial increased their price objective on Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $42.14.

Institutional Investors Weigh In On Mercury Systems

A number of large investors have recently made changes to their positions in MRCY. Creative Planning grew its stake in shares of Mercury Systems by 22.8% during the 3rd quarter. Creative Planning now owns 9,788 shares of the technology company’s stock valued at $362,000 after purchasing an additional 1,818 shares during the period. Raymond James & Associates grew its stake in shares of Mercury Systems by 40.0% during the 3rd quarter. Raymond James & Associates now owns 93,454 shares of the technology company’s stock valued at $3,458,000 after purchasing an additional 26,718 shares during the period. Signaturefd LLC grew its stake 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 acquiring an additional 393 shares during the period. DekaBank Deutsche Girozentrale grew its stake in shares of Mercury Systems by 13.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,826 shares of the technology company’s stock valued at $217,000 after acquiring an additional 695 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in shares of Mercury Systems by 43.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock valued at $62,000 after acquiring an additional 503 shares during the period. 95.99% of the stock is currently owned by institutional investors.

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.