Mercury Systems (NASDAQ:MRCY) Raised to “Outperform” at Robert W. Baird

Mercury Systems (NASDAQ:MRCY) was upgraded by research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage presently has a $58.00 target price on the technology company’s stock, up from their prior target price of $37.00. Robert W. Baird’s target price points to a potential upside of 37.80% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. StockNews.com raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. upped their price objective on shares of Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Jefferies Financial Group raised shares of Mercury Systems from an “underperform” rating to a “hold” rating and raised their target price for the stock from $30.00 to $42.00 in a research note on Monday, November 11th. The Goldman Sachs Group upped their price target on Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a research report on Thursday, January 16th. Finally, Truist Financial lifted their price objective on Mercury Systems from $35.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $42.14.

Mercury Systems Stock Up 0.2 %

MRCY stock opened at $42.09 on Wednesday. Mercury Systems has a 52 week low of $25.31 and a 52 week high of $44.63. The company has a quick ratio of 2.59, a current ratio of 4.10 and a debt-to-equity ratio of 0.41. The firm has a 50-day simple moving average of $41.04 and a 200-day simple moving average of $38.23. The stock has a market capitalization of $2.51 billion, a P/E ratio of -20.53 and a beta of 0.79.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Mercury Systems had a negative return on equity of 3.96% and a negative net margin of 13.80%. Equities analysts forecast that Mercury Systems will post -0.14 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Charles Roger Iv Wells sold 1,527 shares of the business’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 value of $59,247.60. Following the sale, the chief operating officer now directly owns 113,488 shares of the company’s stock, valued at approximately $4,403,334.40. The trade was a 1.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Mercury Systems

Several institutional investors have recently added to or reduced their stakes in MRCY. Signaturefd LLC boosted its position in shares of Mercury Systems by 144.0% during the third quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock worth $25,000 after buying an additional 393 shares during the period. nVerses Capital LLC grew its position in Mercury Systems by 16.7% in the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the technology company’s stock valued at $130,000 after acquiring an additional 500 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Mercury Systems by 43.2% during the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock worth $62,000 after purchasing an additional 503 shares during the period. Covestor Ltd lifted its position in shares of Mercury Systems by 41.2% during the third quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock worth $78,000 after purchasing an additional 620 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Mercury Systems by 13.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 5,826 shares of the technology company’s stock valued at $217,000 after purchasing an additional 695 shares during the period. 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.