Brokerages Set Mercury Systems, Inc. (NASDAQ:MRCY) Price Target at $36.29

Shares of Mercury Systems, Inc. (NASDAQ:MRCY) have been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $36.29.

Several analysts recently commented on MRCY shares. Jefferies Financial Group upgraded Mercury Systems from an “underperform” rating to a “hold” rating and upped their target price for the company from $30.00 to $42.00 in a report on Monday, November 11th. JPMorgan Chase & Co. upped their price objective on shares of Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, StockNews.com raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th.

Mercury Systems Stock Down 0.3 %

Shares of MRCY opened at $41.85 on Wednesday. The stock’s 50-day moving average price is $38.62 and its two-hundred day moving average price is $35.85. Mercury Systems has a 12 month low of $25.31 and a 12 month high of $44.63. The company has a market capitalization of $2.50 billion, a PE ratio of -20.41 and a beta of 0.78. The company has a current ratio of 4.10, a quick ratio of 2.59 and a debt-to-equity ratio of 0.41.

Insider Activity at Mercury Systems

In related news, COO Charles Roger Iv Wells sold 1,527 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was 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 directly 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 SEC, which is available at the SEC website. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MRCY. Signaturefd LLC increased 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 acquiring an additional 393 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Mercury Systems by 1,126.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock valued at $31,000 after purchasing an additional 1,070 shares in the last quarter. Covestor Ltd raised its holdings 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 buying an additional 620 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Mercury Systems in the second quarter valued at $81,000. 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.

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.