Mercury Systems (NASDAQ:MRCY) Upgraded to Hold at StockNews.com

Mercury Systems (NASDAQ:MRCY) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other analysts also recently weighed in on MRCY. Truist Financial increased their target price on shares of Mercury Systems from $26.00 to $31.00 and gave the company a “hold” rating in a research report on Wednesday, August 14th. Royal Bank of Canada increased their price objective on shares of Mercury Systems from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 14th. Alembic Global Advisors upgraded shares of Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 target price on the stock in a report on Monday, August 19th. Robert W. Baird upped their price target 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. 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. One 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 stock. According to MarketBeat.com, Mercury Systems currently has an average rating of “Hold” and a consensus target price of $36.29.

Mercury Systems Trading Down 3.3 %

Mercury Systems stock traded down $1.32 during trading hours on Thursday, hitting $38.37. The stock had a trading volume of 666,237 shares, compared to its average volume of 579,744. The business’s 50 day simple moving average is $37.66 and its 200-day simple moving average is $34.85. Mercury Systems has a one year low of $25.31 and a one year high of $44.63. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of -18.72 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.

Insider Buying and Selling at Mercury Systems

In other news, COO Charles Roger Iv Wells sold 1,527 shares of the company’s stock in a transaction on 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 sale, the chief operating officer now owns 113,488 shares in the company, valued at $4,403,334.40. This represents a 1.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MRCY. Signaturefd LLC increased its stake in Mercury Systems by 144.0% in the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock valued at $25,000 after buying an additional 393 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Mercury Systems by 1,126.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock worth $31,000 after acquiring an additional 1,070 shares during the period. Covestor Ltd boosted its position in Mercury Systems by 41.2% in the third quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock worth $78,000 after purchasing an additional 620 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in Mercury Systems by 216.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock worth $64,000 after purchasing an additional 1,622 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in Mercury Systems in the 2nd quarter valued at $81,000. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

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.