Mercury Systems, Inc. (NASDAQ:MRCY) COO Charles Roger Iv Wells Sells 1,527 Shares

Mercury Systems, Inc. (NASDAQ:MRCY) COO Charles Roger Iv Wells sold 1,527 shares of the company’s stock in a transaction dated 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 of the company’s stock, 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 can be accessed through this hyperlink.

Mercury Systems Stock Down 0.0 %

NASDAQ MRCY traded down $0.01 on Tuesday, reaching $38.72. The company had a trading volume of 16,628 shares, compared to its average volume of 581,667. The company’s fifty day moving average is $36.72 and its 200-day moving average is $33.94. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of -18.89 and a beta of 0.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 4.10. Mercury Systems, Inc. has a 1-year low of $25.31 and a 1-year high of $44.63.

Institutional Trading of Mercury Systems

A number of institutional investors have recently modified their holdings of the company. Signaturefd LLC raised its position 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 raised its holdings in shares of Mercury Systems by 1,126.3% in the second 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 during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of 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 in the last quarter. Covestor Ltd boosted 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 purchasing an additional 620 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in Mercury Systems in the second quarter valued at $81,000. 95.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MRCY. Royal Bank of Canada upped their price target on Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. increased their target price on shares of Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Truist Financial boosted their price target on shares of Mercury Systems from $26.00 to $31.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. Jefferies Financial Group raised Mercury Systems from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $30.00 to $42.00 in a research note on Monday, November 11th. Finally, Robert W. Baird boosted their target price on Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $35.50.

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.