Mercury Systems (NASDAQ:MRCY) Upgraded at JPMorgan Chase & Co.

Mercury Systems (NASDAQ:MRCY) was upgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a note issued to investors on Wednesday, MarketBeat reports. The brokerage presently has a $102.00 target price on the technology company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 22.04% from the company’s current price.

Several other equities research analysts have also recently weighed in on MRCY. Guggenheim assumed coverage on Mercury Systems in a research note on Monday, September 14th. They set a “buy” rating and a $115.00 target price for the company. Piper Sandler cut their price objective on shares of Mercury Systems from $131.00 to $107.00 and set an “overweight” rating on the stock in a report on Friday, October 23rd. Truist Financial raised their price objective on shares of Mercury Systems from $109.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Oppenheimer assumed coverage on shares of Mercury Systems in a research report on Thursday, October 22nd. They set an “outperform” rating and a $90.00 price objective for the company. Finally, Wall Street Zen cut shares of Mercury Systems from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $108.00.

Mercury Systems Stock Up 5.0%

Shares of NASDAQ MRCY opened at $83.58 on Wednesday. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of -167.16 and a beta of 0.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.96 and a quick ratio of 1.85. The business has a 50-day moving average of $80.11 and a two-hundred day moving average of $90.99. Mercury Systems has a 1 year low of $64.37 and a 1 year high of $128.45.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, November 10th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.22. Mercury Systems had a positive return on equity of 1.29% and a negative net margin of 3.02%. The business had revenue of $253.15 million during the quarter, compared to analysts’ expectations of $245.00 million. During the same period in the prior year, the firm posted $0.26 EPS. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, analysts forecast that Mercury Systems will post 0.91 earnings per share for the current fiscal year.

Insider Activity at Mercury Systems

In related news, EVP Steven Ratner sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $84.51, for a total transaction of $338,040.00. Following the transaction, the executive vice president owned 19,275 shares in the company, valued at $1,628,930.25. This trade represents a 17.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Stuart Kupinsky sold 1,000 shares of Mercury Systems stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $76.00, for a total transaction of $76,000.00. Following the completion of the transaction, the executive vice president directly owned 59,971 shares in the company, valued at $4,557,796. The trade was a 1.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 452,186 shares of company stock valued at $41,933,170 in the last three months. 0.99% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mercury Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC acquired a new position in Mercury Systems during the third quarter worth $209,000. Voya Investment Management LLC raised its position in Mercury Systems by 7.0% during the third quarter. Voya Investment Management LLC now owns 438,654 shares of the technology company’s stock worth $36,408,000 after acquiring an additional 28,578 shares during the last quarter. Public Sector Pension Investment Board raised its position in Mercury Systems by 79.7% during the third quarter. Public Sector Pension Investment Board now owns 326,264 shares of the technology company’s stock worth $24,946,000 after acquiring an additional 144,727 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Mercury Systems by 1.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 34,995 shares of the technology company’s stock valued at $2,904,000 after purchasing an additional 459 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Mercury Systems by 2.1% in the third quarter. Bessemer Group Inc. now owns 466,642 shares of the technology company’s stock valued at $38,730,000 after purchasing an additional 9,813 shares in the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

More Mercury Systems News

Here are the key news stories impacting Mercury Systems this week:

• Positive Sentiment: Mercury reported earnings of $0.52 per share, above estimates of roughly $0.28–$0.30 and up from $0.26 a year earlier. Revenue rose 12.4% year over year to $253.2 million, topping the $245 million estimate. Mercury Systems Reports First Quarter Results
• Positive Sentiment: The company raised its fiscal 2027 outlook; a separate report highlighted stronger defense orders. Higher guidance and demand could help underpin expectations for future growth. Mercury Systems Q1 Swings To Profit; Raises FY27 Outlook Mercury Systems beats estimates as defense orders surge
• Negative Sentiment: Despite the earnings beat, headlines reported that MRCY shares fell and cited broader defense-sector concerns. This suggests sector sentiment may be offsetting some of the positive company-specific news. Defense Sector Concerns Weigh on Mercury Systems Shares Mercury Systems falls despite earnings beat

About Mercury Systems

Mercury Systems, Inc. develops and supplies secure processing systems and subsystems for the aerospace and defense industries. Its products include embedded computing, signal processing, radio-frequency and microwave components, and other technologies used to process and manage critical data. The company’s technologies support applications such as radar, electronic warfare, communications, avionics, and command-and-control systems. Mercury works with defense contractors and government customers, providing components and systems designed for use in demanding environments.