Mercury Systems, Inc. (NASDAQ:MRCY - Get Free Report) COO Charles Roger Iv Wells sold 1,527 shares of Mercury Systems stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $38.80, for a total transaction of $59,247.60. Following the sale, the chief operating officer now owns 113,488 shares of the company's stock, valued at $4,403,334.40. The trade was a 1.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Mercury Systems Stock Performance
Shares of MRCY traded up $0.24 during trading hours on Tuesday, hitting $38.97. The stock had a trading volume of 282,514 shares, compared to its average volume of 582,856. The firm has a 50-day moving average price of $36.72 and a 200 day moving average price of $33.94. Mercury Systems, Inc. has a fifty-two week low of $25.31 and a fifty-two week high of $44.63. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of -18.89 and a beta of 0.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 4.10.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MRCY. Signaturefd LLC boosted its position in Mercury Systems by 144.0% during the third quarter. Signaturefd LLC now owns 666 shares of the technology company's stock worth $25,000 after purchasing an additional 393 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in 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 acquiring an additional 1,070 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Mercury Systems by 216.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company's stock worth $64,000 after acquiring an additional 1,622 shares in the last quarter. Covestor Ltd raised its position in Mercury Systems by 41.2% during the third quarter. Covestor Ltd now owns 2,124 shares of the technology company's stock worth $78,000 after acquiring an additional 620 shares during the period. Finally, nVerses Capital LLC purchased a new position in Mercury Systems during the second quarter valued at $81,000. Hedge funds and other institutional investors own 95.99% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on MRCY. Alembic Global Advisors upgraded shares of Mercury Systems from a "neutral" rating to an "overweight" rating and set a $48.00 price objective on the stock in a research note on Monday, August 19th. Robert W. Baird increased their target price on shares of Mercury Systems from $26.00 to $37.00 and gave the company a "neutral" rating in a research report on Wednesday, August 14th. StockNews.com lowered Mercury Systems from a "hold" rating to a "sell" rating in a report on Thursday, November 7th. Truist Financial boosted their target price on Mercury Systems from $26.00 to $31.00 and gave the stock a "hold" rating in a research note on Wednesday, August 14th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Mercury Systems from $36.00 to $40.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Mercury Systems presently has a consensus rating of "Hold" and a consensus target price of $35.50.
Check Out Our Latest Analysis on MRCY
Mercury Systems Company Profile
(
Get Free Report)
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.
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