Mercury Systems, Inc. (NASDAQ:MRCY) Receives $36.29 Consensus Target Price from Analysts

Mercury Systems, Inc. (NASDAQ:MRCY) has been given a consensus rating of “Hold” by the seven analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $36.29.

Several equities research analysts have weighed in on the stock. Jefferies Financial Group upgraded shares of Mercury Systems from an “underperform” rating to a “hold” rating and increased their target price for the stock from $30.00 to $42.00 in a report on Monday, November 11th. StockNews.com upgraded Mercury Systems from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. 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 report on Thursday, November 7th.

Insiders Place Their Bets

In other news, COO Charles Roger Iv Wells sold 1,527 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $38.80, for a total transaction of $59,247.60. Following the completion of the transaction, the chief operating officer now directly owns 113,488 shares of the company’s stock, valued at $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 available through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Raymond James & Associates raised its holdings in Mercury Systems by 2.8% during the second quarter. Raymond James & Associates now owns 66,736 shares of the technology company’s stock worth $1,801,000 after acquiring an additional 1,812 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Mercury Systems by 1,126.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock valued at $31,000 after buying an additional 1,070 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of 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 buying an additional 400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Mercury Systems by 16.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,900 shares of the technology company’s stock valued at $348,000 after buying an additional 1,841 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in Mercury Systems by 52.1% during the second quarter. Van ECK Associates Corp now owns 171,618 shares of the technology company’s stock worth $4,632,000 after buying an additional 58,805 shares during the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Stock Performance

Shares of NASDAQ:MRCY opened at $41.85 on Wednesday. The firm’s 50 day simple moving average is $38.62 and its 200 day simple moving average is $35.77. Mercury Systems has a fifty-two week low of $25.31 and a fifty-two week high of $44.63. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of -20.41 and a beta of 0.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.10 and a quick ratio of 2.59.

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.