Mercury Systems (NASDAQ:MRCY) Upgraded at Robert W. Baird

Robert W. Baird upgraded shares of Mercury Systems (NASDAQ:MRCY) from a neutral rating to an outperform rating in a research report report published on Wednesday, MarketBeat Ratings reports. They currently have $58.00 price target on the technology company’s stock, up from their prior price target of $37.00.

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

Mercury Systems Trading Down 4.2 %

Shares of Mercury Systems stock opened at $45.35 on Wednesday. The firm has a 50-day simple moving average of $41.36 and a two-hundred day simple moving average of $38.44. The company has a market cap of $2.70 billion, a P/E ratio of -22.12 and a beta of 0.79. Mercury Systems has a fifty-two week low of $26.11 and a fifty-two week high of $52.25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 4.10.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, February 4th. The technology company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates 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%. As a group, equities analysts predict that Mercury Systems will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Mercury Systems

In related news, COO Charles Roger Iv Wells sold 1,527 shares of the company’s stock in a transaction 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 $4,403,334.40. This represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Mercury Systems

Several institutional investors have recently added to or reduced their stakes in MRCY. Conestoga Capital Advisors LLC grew its position in shares of Mercury Systems by 55.9% during the fourth quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company’s stock worth $87,058,000 after acquiring an additional 743,552 shares during the last quarter. Fisher Asset Management LLC bought a new position in shares of Mercury Systems during the fourth quarter worth about $16,601,000. Victory Capital Management Inc. grew its position in shares of Mercury Systems by 16.7% during the fourth quarter. Victory Capital Management Inc. now owns 2,060,131 shares of the technology company’s stock worth $86,526,000 after acquiring an additional 294,747 shares during the last quarter. Barclays PLC grew its position in shares of Mercury Systems by 471.3% during the third quarter. Barclays PLC now owns 175,562 shares of the technology company’s stock worth $6,496,000 after acquiring an additional 144,831 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Mercury Systems during the fourth quarter worth about $4,258,000. 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.