Insider Selling: Mercury Systems, Inc. (NASDAQ:MRCY) COO Sells 1,527 Shares of Stock

Mercury Systems, Inc. (NASDAQ:MRCY) COO Charles Roger Iv Wells sold 1,527 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $38.80, for a total transaction of $59,247.60. Following the completion of the sale, the chief operating officer now owns 113,488 shares of the company’s stock, valued at approximately $4,403,334.40. This trade represents a 1.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Mercury Systems Price Performance

Shares of MRCY opened at $38.97 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 4.10. The firm has a market cap of $2.32 billion, a PE ratio of -19.01 and a beta of 0.71. The firm’s 50 day moving average price is $36.72 and its 200 day moving average price is $33.94. Mercury Systems, Inc. has a twelve month low of $25.31 and a twelve month high of $44.63.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Signaturefd LLC boosted its holdings in Mercury Systems by 144.0% in the third quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock worth $25,000 after purchasing an additional 393 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Mercury Systems by 1,126.3% in the second quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock worth $31,000 after buying an additional 1,070 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Mercury Systems by 216.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock worth $64,000 after acquiring an additional 1,622 shares in the last quarter. Covestor Ltd increased its holdings in shares of Mercury Systems by 41.2% during the 3rd quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock valued at $78,000 after acquiring an additional 620 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Mercury Systems in the 2nd quarter valued at approximately $81,000. Institutional investors own 95.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MRCY. JPMorgan Chase & Co. increased their target price on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada raised their price objective on Mercury Systems from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 14th. Alembic Global Advisors raised shares of Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price target for the company in a research report on Monday, August 19th. Jefferies Financial Group raised shares of Mercury Systems from an “underperform” rating to a “hold” rating and boosted their price objective for the company from $30.00 to $42.00 in a research report on Monday, November 11th. Finally, StockNews.com downgraded shares of Mercury Systems from a “hold” rating to a “sell” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $35.50.

Mercury Systems Company Profile

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.