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 firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $103,329.04. Following the sale, the chief operating officer now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Mercury Systems Price Performance

Shares of MRCY opened at $42.51 on Friday. The company has a market cap of $2.54 billion, a P/E ratio of -27.25 and a beta of 0.79. Mercury Systems, Inc. has a fifty-two week low of $26.48 and a fifty-two week high of $52.25. The company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41. The firm’s 50 day moving average price is $42.57 and its 200 day moving average price is $39.16.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.08) earnings per share 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%. On average, research analysts forecast that Mercury Systems, Inc. will post -0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MRCY. StockNews.com raised Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. The Goldman Sachs Group lifted their price target on shares of Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a research report on Thursday, January 16th. Robert W. Baird upgraded shares of Mercury Systems from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $37.00 to $58.00 in a report on Wednesday, February 5th. JPMorgan Chase & Co. increased their price objective on shares of Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Baird R W raised Mercury Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $42.14.

Institutional Investors Weigh In On Mercury Systems

A number of hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp grew its position in shares of Mercury Systems by 35.1% during the fourth quarter. Van ECK Associates Corp now owns 297,109 shares of the technology company’s stock worth $12,479,000 after buying an additional 77,254 shares in the last quarter. Raymond James & Associates grew 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 worth $3,458,000 after acquiring an additional 26,718 shares in the last quarter. FMR LLC increased its position in shares of Mercury Systems by 46.5% in the 3rd quarter. FMR LLC now owns 3,067 shares of the technology company’s stock valued at $113,000 after purchasing an additional 974 shares during the last quarter. PEAK6 Investments LLC acquired a new stake in shares of Mercury Systems in the 3rd quarter valued at $686,000. Finally, Stifel Financial Corp purchased a new stake in shares of Mercury Systems during the 3rd quarter worth $246,000. Institutional investors and hedge funds 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.