Mercury Systems, Inc. (NASDAQ:MRCY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $36.55 and traded as high as $43.87. Mercury Systems shares last traded at $43.76, with a volume of 492,993 shares changing hands.
Analyst Ratings Changes
MRCY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted 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. StockNews.com upgraded Mercury Systems from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th. Finally, Jefferies Financial Group raised shares of Mercury Systems from an "underperform" rating to a "hold" rating and lifted their price target for the stock from $30.00 to $42.00 in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $36.29.
View Our Latest Stock Report on Mercury Systems
Mercury Systems Trading Up 3.2 %
The stock has a market capitalization of $2.61 billion, a PE ratio of -21.35 and a beta of 0.78. The company has a quick ratio of 2.59, a current ratio of 4.10 and a debt-to-equity ratio of 0.41. The business's fifty day moving average is $40.26 and its 200-day moving average is $36.66.
Insiders Place Their Bets
In other news, COO Charles Roger Iv Wells sold 1,527 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was 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 in the company, valued at approximately $4,403,334.40. The trade was a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is owned by company insiders.
Hedge Funds Weigh In On Mercury Systems
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. William Blair Investment Management LLC grew its stake in shares of Mercury Systems by 0.6% in the second quarter. William Blair Investment Management LLC now owns 6,416,449 shares of the technology company's stock worth $173,180,000 after acquiring an additional 36,923 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Mercury Systems by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,027,158 shares of the technology company's stock valued at $54,713,000 after purchasing an additional 20,604 shares in the last quarter. Conestoga Capital Advisors LLC raised its holdings in shares of Mercury Systems by 1.6% in the third quarter. Conestoga Capital Advisors LLC now owns 1,329,265 shares of the technology company's stock valued at $49,183,000 after buying an additional 20,300 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Mercury Systems by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 658,833 shares of the technology company's stock worth $24,377,000 after buying an additional 9,582 shares in the last quarter. Finally, Clearline Capital LP boosted its holdings in Mercury Systems by 18.4% in the second quarter. Clearline Capital LP now owns 526,611 shares of the technology company's stock valued at $14,213,000 after acquiring an additional 81,826 shares during the last quarter. 95.99% of the stock is currently owned by hedge funds and other institutional investors.
About Mercury Systems
(
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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