Shares of Mercury Systems, Inc. (NASDAQ:MRCY – Get Free Report) have earned a consensus recommendation of “Reduce” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $29.88.
MRCY has been the subject of several recent analyst reports. Jefferies Financial Group downgraded shares of Mercury Systems from a “hold” rating to an “underperform” rating and reduced their price objective for the stock from $35.00 to $30.00 in a research report on Wednesday, January 3rd. Royal Bank of Canada reduced their price target on shares of Mercury Systems from $35.00 to $30.00 and set a “sector perform” rating for the company in a report on Wednesday. Bank of America reiterated an “underperform” rating and set a $30.00 price objective on shares of Mercury Systems in a report on Wednesday, November 29th. The Goldman Sachs Group reduced their target price on Mercury Systems from $24.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday. Finally, Truist Financial lowered Mercury Systems from a “buy” rating to a “hold” rating and decreased their target price for the company from $48.00 to $28.00 in a research report on Wednesday.
Mercury Systems Trading Up 11.7 %
Insider Transactions at Mercury Systems
In related news, Director Jana Partners Management, Lp bought 63,648 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were bought at an average price of $34.22 per share, with a total value of $2,178,034.56. Following the completion of the transaction, the director now directly owns 5,217,272 shares in the company, valued at $178,535,047.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 343,948 shares of company stock valued at $11,497,640 over the last ninety days. 1.80% of the stock is currently owned by insiders.
Institutional Trading of Mercury Systems
Several institutional investors have recently made changes to their positions in the company. VisionPoint Advisory Group LLC boosted its stake in shares of Mercury Systems by 110.9% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 715 shares of the technology company’s stock worth $27,000 after buying an additional 376 shares during the last quarter. Point72 Middle East FZE purchased a new position in Mercury Systems in the fourth quarter worth $35,000. Qube Research & Technologies Ltd purchased a new stake in shares of Mercury Systems during the 3rd quarter valued at $33,000. Psagot Value Holdings Ltd. Israel raised its stake in shares of Mercury Systems by 511.5% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 1,278 shares of the technology company’s stock worth $47,000 after purchasing an additional 1,069 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in shares of Mercury Systems by 60.7% in the 1st quarter. Captrust Financial Advisors now owns 1,573 shares of the technology company’s stock worth $101,000 after buying an additional 594 shares during the last quarter. Institutional investors own 95.99% of the company’s stock.
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.
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