StockNews.com Lowers Mercury Systems (NASDAQ:MRCY) to Sell

StockNews.com downgraded shares of Mercury Systems (NASDAQ:MRCY) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

Other research analysts have also issued reports about the stock. Royal Bank of Canada lifted their price objective on shares of Mercury Systems from $30.00 to $35.00 and gave the company a sector perform rating in a research note on Wednesday, August 14th. Robert W. Baird boosted their price objective on Mercury Systems from $26.00 to $37.00 and gave the company a neutral rating in a research note on Wednesday, August 14th. Alembic Global Advisors upgraded Mercury Systems from a neutral rating to an overweight rating and set a $48.00 target price for the company in a research note on Monday, August 19th. JPMorgan Chase & Co. upped their price target on Mercury Systems from $26.00 to $36.00 and gave the company a neutral rating in a research report on Thursday, September 5th. Finally, Truist Financial raised their price objective on shares of Mercury Systems from $26.00 to $31.00 and gave the company a hold rating in a research report on Wednesday, August 14th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Mercury Systems presently has a consensus rating of Hold and an average target price of $33.50.

Mercury Systems Stock Up 1.0 %

MRCY stock opened at $35.90 on Thursday. The stock has a fifty day moving average of $36.03 and a 200-day moving average of $31.62. Mercury Systems has a fifty-two week low of $25.31 and a fifty-two week high of $42.72. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of -15.28 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.64 and a current ratio of 4.07.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, August 13th. The technology company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.32. The firm had revenue of $248.56 million during the quarter, compared to analyst estimates of $223.80 million. Mercury Systems had a negative net margin of 16.48% and a negative return on equity of 4.92%. As a group, equities research analysts predict that Mercury Systems will post -0.52 earnings per share for the current year.

Insider Buying and Selling at Mercury Systems

In related news, CEO William L. Ballhaus sold 6,549 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $39.49, for a total value of $258,620.01. Following the transaction, the chief executive officer now directly owns 353,481 shares in the company, valued at $13,958,964.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Mercury Systems news, CEO William L. Ballhaus sold 6,549 shares of Mercury Systems stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $39.49, for a total transaction of $258,620.01. Following the completion of the sale, the chief executive officer now directly owns 353,481 shares in the company, valued at $13,958,964.69. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Stephanie Georges sold 1,340 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $39.49, for a total transaction of $52,916.60. Following the completion of the transaction, the executive vice president now directly owns 32,259 shares of the company’s stock, valued at approximately $1,273,907.91. The disclosure for this sale can be found here. Insiders have sold a total of 22,099 shares of company stock valued at $865,740 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. boosted its holdings in shares of Mercury Systems by 27.0% in the 1st quarter. Sei Investments Co. now owns 216,956 shares of the technology company’s stock worth $6,400,000 after purchasing an additional 46,132 shares in the last quarter. Jane Street Group LLC grew its position in Mercury Systems by 102.6% during the first quarter. Jane Street Group LLC now owns 257,514 shares of the technology company’s stock valued at $7,597,000 after acquiring an additional 130,396 shares during the last quarter. Norges Bank bought a new position in Mercury Systems during the fourth quarter valued at approximately $13,294,000. Natixis purchased a new position in shares of Mercury Systems during the first quarter worth approximately $693,000. Finally, Van ECK Associates Corp lifted its holdings in shares of Mercury Systems by 258.7% in the 1st quarter. Van ECK Associates Corp now owns 112,813 shares of the technology company’s stock worth $3,328,000 after acquiring an additional 81,364 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.