Brokerages Set Mercury Systems, Inc. (NASDAQ:MRCY) Target Price at $33.50

Shares of Mercury Systems, Inc. (NASDAQ:MRCY) have been given an average rating of “Reduce” by the eight analysts that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $33.50.

MRCY has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price objective on Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a report on Wednesday, August 14th. 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 note on Thursday, September 5th. StockNews.com lowered shares of Mercury Systems from a “hold” rating to a “sell” rating in a research note on Thursday. Robert W. Baird boosted their price objective on shares of Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Finally, Truist Financial increased their target price on shares of Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a report on Wednesday, August 14th.

Mercury Systems Stock Up 1.0 %

Shares of NASDAQ:MRCY opened at $35.90 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.07 and a quick ratio of 2.64. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of -15.28 and a beta of 0.69. The company has a 50 day moving average of $36.03 and a 200-day moving average of $31.62. Mercury Systems has a one year low of $25.31 and a one year high of $42.72.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, August 13th. The technology company reported $0.09 EPS 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%. On average, sell-side analysts forecast that Mercury Systems will post -0.52 earnings per share for the current year.

Insider Buying and Selling at Mercury Systems

In other news, COO Charles Roger Iv Wells sold 1,346 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $39.49, for a total transaction of $53,153.54. Following the completion of the sale, the chief operating officer now owns 130,408 shares of the company’s stock, valued at $5,149,811.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Charles Roger Iv Wells sold 1,346 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $39.49, for a total transaction of $53,153.54. Following the completion of the transaction, the chief operating officer now directly owns 130,408 shares of the company’s stock, valued at $5,149,811.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephanie Georges sold 1,340 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 value of $52,916.60. Following the completion of the sale, the executive vice president now directly owns 32,259 shares in the company, valued at approximately $1,273,907.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,099 shares of company stock valued at $865,740. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC boosted its stake in shares of Mercury Systems by 1,126.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock worth $31,000 after buying an additional 1,070 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in Mercury Systems by 216.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock valued at $64,000 after purchasing an additional 1,622 shares during the last quarter. nVerses Capital LLC bought a new position in Mercury Systems in the second quarter valued at approximately $81,000. Quest Partners LLC increased its position in shares of Mercury Systems by 10,995.5% during the 2nd quarter. Quest Partners LLC now owns 4,882 shares of the technology company’s stock worth $132,000 after purchasing an additional 4,838 shares during the last quarter. Finally, Headlands Technologies LLC raised its stake in shares of Mercury Systems by 625.7% during the 2nd quarter. Headlands Technologies LLC now owns 5,726 shares of the technology company’s stock worth $155,000 after purchasing an additional 4,937 shares in the last quarter. Institutional investors own 95.99% of the company’s stock.

Mercury Systems Company Profile

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.