Brokerages Set Mercury Systems, Inc. (NASDAQ:MRCY) Price Target at $42.14

Mercury Systems, Inc. (NASDAQ:MRCY) has received an average recommendation of “Hold” from the eight research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $42.14.

Several brokerages have weighed in on MRCY. Robert W. Baird raised shares of Mercury Systems from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $37.00 to $58.00 in a report on Wednesday, February 5th. The Goldman Sachs Group raised their price objective on shares of Mercury Systems from $25.00 to $28.00 and gave the stock a “sell” rating in a report on Thursday, January 16th. Baird R W raised shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. raised their price objective on shares of Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Truist Financial lifted their price target on shares of Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, January 14th.

Insider Activity

In related news, CAO Douglas Munro sold 595 shares of Mercury Systems stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $26,251.40. Following the sale, the chief accounting officer now directly owns 14,572 shares in the company, valued at $642,916.64. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Stuart Kupinsky sold 2,377 shares of Mercury Systems stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $104,873.24. Following the completion of the sale, the executive vice president now owns 62,834 shares in the company, valued at approximately $2,772,236.08. This represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,314 shares of company stock valued at $234,454. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Mercury Systems

Several hedge funds have recently bought and sold shares of MRCY. Signaturefd LLC raised its position in shares of Mercury Systems by 144.0% during the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock worth $25,000 after buying an additional 393 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of Mercury Systems during the 4th quarter worth about $33,000. Nisa Investment Advisors LLC raised its position in shares of Mercury Systems by 43.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock worth $62,000 after buying an additional 503 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of Mercury Systems by 762.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company’s stock worth $69,000 after buying an additional 1,449 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Mercury Systems during the 4th quarter worth about $75,000. 95.99% of the stock is currently owned by institutional investors.

Mercury Systems Price Performance

MRCY opened at $44.00 on Thursday. The company has a fifty day simple moving average of $42.48 and a 200 day simple moving average of $39.13. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of -28.21 and a beta of 0.79. Mercury Systems has a twelve month low of $26.48 and a twelve month high of $52.25. The company has a current ratio of 3.62, a quick ratio of 2.36 and a debt-to-equity ratio of 0.41.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.08) earnings per share for the quarter, missing the consensus estimate 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%. Equities research analysts expect that Mercury Systems will post -0.08 EPS for the current fiscal year.

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.