Mercury Systems, Inc. (NASDAQ:MRCY) COO Sells $59,247.60 in Stock

Mercury Systems, Inc. (NASDAQ:MRCY) COO Charles Roger Iv Wells sold 1,527 shares of Mercury Systems stock in a transaction on Monday, November 18th. The stock was sold at an average price of $38.80, for a total transaction of $59,247.60. Following the sale, the chief operating officer now owns 113,488 shares in the company, valued at $4,403,334.40. This represents a 1.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mercury Systems Trading Up 2.7 %

MRCY stock opened at $39.98 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.10 and a quick ratio of 2.59. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of -19.50 and a beta of 0.71. The business has a fifty day moving average price of $36.90 and a 200 day moving average price of $34.08. Mercury Systems, Inc. has a fifty-two week low of $25.31 and a fifty-two week high of $44.63.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MRCY. Westwood Holdings Group Inc. grew its holdings in 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 worth $45,848,000 after acquiring an additional 199,600 shares during the last quarter. Barclays PLC grew its stake in shares of Mercury Systems by 471.3% during the third quarter. Barclays PLC now owns 175,562 shares of the technology company’s stock valued at $6,496,000 after purchasing an additional 144,831 shares during the last quarter. Roubaix Capital LLC acquired a new stake in shares of Mercury Systems in the second quarter valued at approximately $3,684,000. Jane Street Group LLC raised its position in Mercury Systems by 102.6% in the 1st quarter. Jane Street Group LLC now owns 257,514 shares of the technology company’s stock worth $7,597,000 after purchasing an additional 130,396 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Mercury Systems during the 2nd quarter worth $3,079,000. 95.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MRCY shares. StockNews.com downgraded shares of Mercury Systems from a “hold” rating to a “sell” rating in a report on Tuesday. Alembic Global Advisors raised Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price objective on the stock in a report on Monday, August 19th. Jefferies Financial Group upgraded Mercury Systems from an “underperform” rating to a “hold” rating and upped their price objective for the company from $30.00 to $42.00 in a research note on Monday, November 11th. Truist Financial raised their target price on Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. boosted their price target on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.