Charles Roger Iv Wells Sells 2,342 Shares of Mercury Systems, Inc. (NASDAQ:MRCY) 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 completion of the transaction, the chief operating officer now owns 95,928 shares of the company’s stock, valued at approximately $4,232,343.36. The trade was a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Mercury Systems Stock Performance

NASDAQ:MRCY traded down $0.64 during mid-day trading on Wednesday, hitting $44.00. 507,276 shares of the company traded hands, compared to its average volume of 535,004. Mercury Systems, Inc. has a one year low of $26.48 and a one year high of $52.25. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of -28.21 and a beta of 0.79. The stock’s fifty day moving average price is $42.25 and its 200-day moving average price is $39.02. 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 announced its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (EPS) 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 anticipate that Mercury Systems, Inc. will post -0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mercury Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. Creative Planning grew its position in shares of Mercury Systems by 22.8% during the third quarter. Creative Planning now owns 9,788 shares of the technology company’s stock worth $362,000 after purchasing an additional 1,818 shares in the last quarter. Raymond James & Associates boosted its stake in Mercury Systems by 40.0% in the 3rd quarter. Raymond James & Associates now owns 93,454 shares of the technology company’s stock worth $3,458,000 after purchasing an additional 26,718 shares during the period. Signaturefd LLC grew its holdings in Mercury Systems by 144.0% during 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 in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Mercury Systems by 13.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 5,826 shares of the technology company’s stock valued at $217,000 after buying an additional 695 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Mercury Systems by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock worth $62,000 after buying an additional 503 shares in the last quarter. 95.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MRCY has been the subject of several recent research reports. Truist Financial lifted their target price on shares of Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Baird R W raised shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Robert W. Baird upgraded Mercury Systems from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $37.00 to $58.00 in a research report on Wednesday, February 5th. The Goldman Sachs Group increased their target price on Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a report on Thursday, January 16th. Finally, Jefferies Financial Group upgraded Mercury Systems from an “underperform” rating to a “hold” rating and boosted their price target for the company from $30.00 to $42.00 in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Mercury Systems has a consensus rating of “Hold” and an average price target 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.