Mercury Systems, Inc. (NASDAQ:MRCY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Mercury Systems, Inc. (NASDAQ:MRCY) have received an average rating of “Hold” from the seven research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $36.29.

MRCY has been the subject of several research reports. Jefferies Financial Group raised shares of Mercury Systems from an “underperform” rating to a “hold” rating and lifted their price target for the company from $30.00 to $42.00 in a research report on Monday, November 11th. StockNews.com raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th.

Insider Activity

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 sale, the chief operating officer now owns 113,488 shares in the company, valued at $4,403,334.40. This trade represents a 1.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mercury Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. William Blair Investment Management LLC lifted its holdings in Mercury Systems by 0.6% during the 2nd quarter. William Blair Investment Management LLC now owns 6,416,449 shares of the technology company’s stock worth $173,180,000 after purchasing an additional 36,923 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Mercury Systems by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,027,158 shares of the technology company’s stock worth $54,713,000 after buying an additional 20,604 shares in the last quarter. Conestoga Capital Advisors LLC boosted its position 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 acquiring an additional 20,300 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Mercury Systems by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 658,833 shares of the technology company’s stock valued at $24,377,000 after acquiring an additional 9,582 shares in the last quarter. Finally, Clearline Capital LP increased its holdings in Mercury Systems by 18.4% during the 2nd quarter. Clearline Capital LP now owns 526,611 shares of the technology company’s stock worth $14,213,000 after acquiring an additional 81,826 shares during the period. 95.99% of the stock is currently owned by institutional investors.

Mercury Systems Stock Up 0.9 %

Shares of NASDAQ:MRCY opened at $40.68 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 4.10. Mercury Systems has a 52-week low of $25.31 and a 52-week high of $44.63. The business’s 50 day simple moving average is $38.13 and its two-hundred day simple moving average is $35.54. The firm has a market cap of $2.43 billion, a P/E ratio of -19.84 and a beta of 0.78.

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.