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

Mercury Systems, Inc. (NASDAQ:MRCY) has been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $39.14.

Several equities analysts have recently commented on MRCY shares. Jefferies Financial Group raised shares of Mercury Systems from an “underperform” rating to a “hold” rating and upped their price objective for the company from $30.00 to $42.00 in a research note on Monday, November 11th. Truist Financial increased their price target on shares of Mercury Systems from $35.00 to $44.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. increased their price target 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. The Goldman Sachs Group increased their price target on shares of Mercury Systems from $25.00 to $28.00 and gave the stock a “sell” rating in a research note on Thursday, January 16th. Finally, StockNews.com raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th.

Insider Buying and Selling at Mercury Systems

In other Mercury Systems 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 owns 113,488 shares of the company’s stock, valued at approximately $4,403,334.40. This trade represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Mercury Systems

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC grew its holdings in shares of Mercury Systems by 144.0% during the third 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 grew its holdings in shares of Mercury Systems by 43.2% during the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock valued at $62,000 after buying an additional 503 shares during the last quarter. Covestor Ltd grew its holdings in shares of Mercury Systems by 41.2% during the third quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock valued at $78,000 after buying an additional 620 shares during the last quarter. KBC Group NV grew its holdings in shares of Mercury Systems by 49.4% during the fourth quarter. KBC Group NV now owns 2,496 shares of the technology company’s stock valued at $105,000 after buying an additional 825 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Mercury Systems by 46.5% during the third quarter. FMR LLC now owns 3,067 shares of the technology company’s stock valued at $113,000 after buying an additional 974 shares during the last quarter. Institutional investors own 95.99% of the company’s stock.

Mercury Systems Stock Performance

Shares of NASDAQ:MRCY opened at $42.46 on Friday. The company has a market cap of $2.53 billion, a price-to-earnings ratio of -20.71 and a beta of 0.78. The company has a 50-day moving average price of $40.79 and a 200-day moving average price of $37.64. The company has a current ratio of 4.10, a quick ratio of 2.59 and a debt-to-equity ratio of 0.41. Mercury Systems has a 12 month low of $25.31 and a 12 month high of $44.63.

About Mercury Systems

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.