Mercury Systems (NASDAQ:MRCY) Lowered to Sell Rating by StockNews.com

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

MRCY has been the subject of several other reports. Jefferies Financial Group upgraded shares of Mercury Systems from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $30.00 to $42.00 in a research report on Monday, November 11th. Robert W. Baird boosted their price target on Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Truist Financial increased their price objective on Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. Alembic Global Advisors upgraded shares of Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price target on the stock in a research note on Monday, August 19th. Finally, Royal Bank of Canada lifted their price objective on shares of Mercury Systems from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $35.50.

Mercury Systems Price Performance

Shares of MRCY opened at $38.97 on Tuesday. The company’s 50-day moving average is $36.72 and its 200-day moving average is $33.94. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.10 and a quick ratio of 2.59. The firm has a market capitalization of $2.32 billion, a PE ratio of -19.01 and a beta of 0.71. Mercury Systems has a fifty-two week low of $25.31 and a fifty-two week high of $44.63.

Insider Transactions at Mercury Systems

In other Mercury Systems news, Director Jana Partners Management, Lp acquired 13,600 shares of Mercury Systems stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average cost of $37.25 per share, with a total value of $506,600.00. Following the completion of the purchase, the director now directly owns 6,944,633 shares of the company’s stock, valued at $258,687,579.25. This represents a 0.20 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Charles Roger Iv Wells sold 1,527 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $38.80, for a total value of $59,247.60. Following the transaction, the chief operating officer now directly owns 113,488 shares of the company’s stock, valued at approximately $4,403,334.40. The trade was a 1.33 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,439 shares of company stock valued at $132,005. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Mercury Systems

Hedge funds have recently made changes to their positions in the stock. M&T Bank Corp increased its position in Mercury Systems by 12.3% during the 3rd quarter. M&T Bank Corp now owns 71,218 shares of the technology company’s stock worth $2,635,000 after purchasing an additional 7,779 shares in the last quarter. Barclays PLC grew its stake in shares of Mercury Systems by 471.3% during the third quarter. Barclays PLC now owns 175,562 shares of the technology company’s stock worth $6,496,000 after buying an additional 144,831 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Mercury Systems during the third quarter worth $219,000. XTX Topco Ltd bought a new position in shares of Mercury Systems in the 3rd quarter valued at $857,000. Finally, Stifel Financial Corp acquired a new stake in shares of Mercury Systems during the 3rd quarter valued at $246,000. 95.99% of the stock is currently owned by institutional investors and hedge funds.

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.