StockNews.com Upgrades Mercury Systems (NASDAQ:MRCY) to “Hold”

StockNews.com upgraded shares of Mercury Systems (NASDAQ:MRCY) from a sell rating to a hold rating in a report released on Thursday.

A number of other equities research analysts have also issued reports on the company. Robert W. Baird increased their price target on Mercury Systems from $26.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Alembic Global Advisors upgraded Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price target for the company in a research note on Monday, August 19th. Royal Bank of Canada increased their price target on Mercury Systems from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 14th. Jefferies Financial Group upgraded Mercury Systems from an “underperform” rating to a “hold” rating and increased their price target for the stock from $30.00 to $42.00 in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. increased their price target on Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $36.29.

Mercury Systems Trading Down 0.1 %

NASDAQ:MRCY opened at $38.32 on Thursday. 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 $2.29 billion, a price-to-earnings ratio of -18.69 and a beta of 0.78. Mercury Systems has a one year low of $25.31 and a one year high of $44.63. The business has a fifty day moving average price of $37.68 and a 200-day moving average price of $34.91.

Insider Activity

In related news, COO Charles Roger Iv Wells sold 1,527 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $38.80, for a total value of $59,247.60. Following the completion of the transaction, the chief operating officer now owns 113,488 shares of the company’s stock, valued at approximately $4,403,334.40. This trade represents a 1.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. William Blair Investment Management LLC lifted its holdings in shares of Mercury Systems by 0.6% in the 2nd quarter. William Blair Investment Management LLC now owns 6,416,449 shares of the technology company’s stock valued at $173,180,000 after acquiring an additional 36,923 shares during the last quarter. Dark Forest Capital Management LP bought a new position in shares of Mercury Systems in the 2nd quarter valued at about $526,000. Raymond James & Associates lifted its holdings in shares of Mercury Systems by 40.0% in the 3rd quarter. Raymond James & Associates now owns 93,454 shares of the technology company’s stock valued at $3,458,000 after acquiring an additional 26,718 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Mercury Systems by 52.1% in the 2nd quarter. Van ECK Associates Corp now owns 171,618 shares of the technology company’s stock valued at $4,632,000 after acquiring an additional 58,805 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of Mercury Systems by 18.1% in the 3rd quarter. Natixis Advisors LLC now owns 14,686 shares of the technology company’s stock valued at $543,000 after acquiring an additional 2,255 shares during the last quarter. Institutional investors own 95.99% of the company’s stock.

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.