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 business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $103,329.04. Following the transaction, the chief operating officer now owns 95,928 shares of the company’s stock, valued at approximately $4,232,343.36. This trade represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Mercury Systems Stock Down 2.1 %

Shares of MRCY opened at $43.06 on Friday. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of -27.60 and a beta of 0.79. Mercury Systems, Inc. has a 1 year low of $26.48 and a 1 year high of $52.25. The business’s 50 day simple moving average is $42.48 and its 200-day simple moving average is $39.13. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.36.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, equities analysts expect that Mercury Systems, Inc. will post -0.08 earnings per share for the current fiscal year.

Institutional Trading of Mercury Systems

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp raised its holdings in Mercury Systems by 35.1% during the 4th quarter. Van ECK Associates Corp now owns 297,109 shares of the technology company’s stock valued at $12,479,000 after buying an additional 77,254 shares during the period. Raymond James & Associates raised its holdings in Mercury Systems by 40.0% during the 3rd quarter. Raymond James & Associates now owns 93,454 shares of the technology company’s stock valued at $3,458,000 after buying an additional 26,718 shares during the period. FMR LLC raised its holdings in Mercury Systems by 46.5% during the 3rd quarter. FMR LLC now owns 3,067 shares of the technology company’s stock valued at $113,000 after buying an additional 974 shares during the period. PEAK6 Investments LLC purchased a new stake in Mercury Systems during the 3rd quarter valued at $686,000. Finally, Stifel Financial Corp purchased a new stake in Mercury Systems during the 3rd quarter valued at $246,000. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Wall Street Analysts Forecast Growth

MRCY has been the subject of a number of recent research reports. Truist Financial boosted their price objective on Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, January 14th. The Goldman Sachs Group boosted their price target on Mercury Systems from $25.00 to $28.00 and gave the stock a “sell” rating in a report on Thursday, January 16th. Baird R W raised Mercury Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. boosted their price target on Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group raised Mercury Systems from an “underperform” rating to a “hold” rating and boosted their price target for the stock from $30.00 to $42.00 in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently 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.