Mercury Systems, Inc. (NASDAQ:MRCY) EVP Sells $149,453.31 in Stock

Mercury Systems, Inc. (NASDAQ:MRCY) EVP Steven Ratner sold 3,891 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $38.41, for a total transaction of $149,453.31. Following the transaction, the executive vice president now owns 60,079 shares of the company’s stock, valued at approximately $2,307,634.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mercury Systems Stock Performance

Shares of MRCY stock traded up $0.59 during trading on Friday, reaching $37.49. 531,755 shares of the company’s stock were exchanged, compared to its average volume of 634,725. Mercury Systems, Inc. has a twelve month low of $25.31 and a twelve month high of $42.72. The firm’s fifty day moving average price is $32.53 and its 200-day moving average price is $30.44. The company has a quick ratio of 2.93, a current ratio of 4.58 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.22 billion, a PE ratio of -15.90 and a beta of 0.68.

Analyst Upgrades and Downgrades

MRCY has been the subject of several analyst reports. Alembic Global Advisors upgraded Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price objective for the company in a report on Monday. StockNews.com upgraded Mercury Systems from a “sell” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price target on Mercury Systems from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, May 24th. Robert W. Baird increased their price objective on Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Finally, Truist Financial raised their target price 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. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Mercury Systems presently has an average rating of “Hold” and a consensus price target of $32.25.

Hedge Funds Weigh In On Mercury Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. lifted its stake in shares of Mercury Systems by 27.0% during the 1st quarter. Sei Investments Co. now owns 216,956 shares of the technology company’s stock worth $6,400,000 after buying an additional 46,132 shares during the last quarter. Norges Bank acquired a new stake in Mercury Systems during the fourth quarter worth approximately $13,294,000. Natixis bought a new stake in shares of Mercury Systems during the first quarter worth approximately $693,000. Jane Street Group LLC grew its position in shares of Mercury Systems by 102.6% in the first 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 during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Mercury Systems by 258.7% during the first quarter. Van ECK Associates Corp now owns 112,813 shares of the technology company’s stock worth $3,328,000 after purchasing an additional 81,364 shares during the period. 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.