Mercury Systems, Inc. (NASDAQ:MRCY) COO Sells $103,329.04 in Stock

Mercury Systems, Inc. (NASDAQ:MRCY) COO Charles Roger Iv Wells sold 2,342 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total transaction of $103,329.04. Following the sale, the chief operating officer now directly owns 95,928 shares in the company, valued at approximately $4,232,343.36. The trade was a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Mercury Systems Trading Down 1.3 %

Shares of MRCY opened at $42.51 on Friday. Mercury Systems, Inc. has a 52-week low of $26.48 and a 52-week high of $52.25. The stock has a market cap of $2.54 billion, a PE ratio of -27.25 and a beta of 0.79. The firm’s fifty day moving average is $42.57 and its two-hundred day moving average is $39.16. The company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Mercury Systems had a negative return on equity of 2.03% and a negative net margin of 10.23%. Research analysts forecast that Mercury Systems, Inc. will post -0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mercury Systems

A number of large investors have recently made changes to their positions in the stock. Neo Ivy Capital Management purchased a new position in Mercury Systems during the fourth quarter worth approximately $33,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Mercury Systems by 11.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 140,701 shares of the technology company’s stock worth $5,909,000 after acquiring an additional 14,129 shares during the period. Vident Advisory LLC raised its holdings in shares of Mercury Systems by 29.2% during the 4th quarter. Vident Advisory LLC now owns 35,749 shares of the technology company’s stock worth $1,501,000 after acquiring an additional 8,088 shares during the period. Rafferty Asset Management LLC boosted its position in shares of Mercury Systems by 5.1% during the 4th quarter. Rafferty Asset Management LLC now owns 12,977 shares of the technology company’s stock valued at $545,000 after acquiring an additional 632 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of Mercury Systems by 37.8% in the fourth quarter. ProShare Advisors LLC now owns 15,647 shares of the technology company’s stock valued at $657,000 after purchasing an additional 4,294 shares during the period. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Robert W. Baird raised Mercury Systems from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $37.00 to $58.00 in a report on Wednesday, February 5th. Truist Financial increased their target price on Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. StockNews.com raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Jefferies Financial Group upgraded shares of Mercury Systems from an “underperform” rating to a “hold” rating and upped their price objective for the stock from $30.00 to $42.00 in a research report on Monday, November 11th. Finally, Baird R W upgraded shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.14.

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.