Mercury Systems (NASDAQ:MRCY) Stock Rating Lowered by StockNews.com

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

Several other research firms have also commented on MRCY. JPMorgan Chase & Co. increased their price objective on shares of Mercury Systems from $26.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Royal Bank of Canada increased their price objective on shares of Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 14th. Robert W. Baird increased their price objective on shares of Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Truist Financial increased their price objective on shares of Mercury Systems from $26.00 to $31.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Finally, Alembic Global Advisors raised shares of Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 target price for the company in a research report on Monday, August 19th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $33.50.

Mercury Systems Trading Up 1.0 %

MRCY opened at $35.90 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.07 and a quick ratio of 2.64. Mercury Systems has a fifty-two week low of $25.31 and a fifty-two week high of $42.72. The firm has a market capitalization of $2.13 billion, a PE ratio of -15.28 and a beta of 0.69. The company’s 50-day moving average is $36.03 and its 200 day moving average is $31.58.

Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, August 13th. The technology company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.32. Mercury Systems had a negative net margin of 16.48% and a negative return on equity of 4.92%. The company had revenue of $248.56 million for the quarter, compared to analyst estimates of $223.80 million. As a group, research analysts predict that Mercury Systems will post -0.52 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Charles Roger Iv Wells sold 1,346 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $39.49, for a total value of $53,153.54. Following the completion of the transaction, the chief operating officer now directly owns 130,408 shares of the company’s stock, valued at approximately $5,149,811.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, COO Charles Roger Iv Wells sold 1,346 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $39.49, for a total value of $53,153.54. Following the completion of the transaction, the chief operating officer now directly owns 130,408 shares of the company’s stock, valued at approximately $5,149,811.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jana Partners Management, Lp acquired 13,600 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average cost of $37.25 per share, with a total value of $506,600.00. Following the completion of the acquisition, the director now owns 6,944,633 shares in the company, valued at approximately $258,687,579.25. The disclosure for this purchase can be found here. Insiders sold 22,099 shares of company stock valued at $865,740 in the last three months. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Norges Bank purchased a new position in Mercury Systems in the 4th quarter worth $13,294,000. Dimensional Fund Advisors LP boosted its stake in shares of Mercury Systems by 19.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,974,504 shares of the technology company’s stock valued at $72,208,000 after purchasing an additional 325,549 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of Mercury Systems by 14.7% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,554,166 shares of the technology company’s stock valued at $45,848,000 after purchasing an additional 199,600 shares in the last quarter. Roubaix Capital LLC bought a new stake in shares of Mercury Systems during the 2nd quarter valued at about $3,684,000. Finally, Jane Street Group LLC boosted its stake in shares of Mercury Systems by 102.6% during the 1st quarter. Jane Street Group LLC now owns 257,514 shares of the technology company’s stock valued at $7,597,000 after purchasing an additional 130,396 shares in the last quarter. 95.99% of the stock is owned by institutional investors.

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.