Mercury Systems (NASDAQ:MRCY) Raised to “Strong-Buy” at Baird R W

Baird R W upgraded shares of Mercury Systems (NASDAQ:MRCY) from a hold rating to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

Several other analysts have also recently commented on MRCY. JPMorgan Chase & Co. increased their price target 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. The Goldman Sachs Group increased their price objective on Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a research report on Thursday, January 16th. Jefferies Financial Group upgraded Mercury Systems from an “underperform” rating to a “hold” rating and boosted their target price for the stock from $30.00 to $42.00 in a research report on Monday, November 11th. 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. Finally, StockNews.com upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $42.14.

Mercury Systems Stock Performance

NASDAQ MRCY opened at $49.88 on Wednesday. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of -24.33 and a beta of 0.79. The company has a current ratio of 4.10, a quick ratio of 2.59 and a debt-to-equity ratio of 0.41. Mercury Systems has a 1-year low of $25.31 and a 1-year high of $52.25. The company has a 50 day moving average of $41.05 and a 200-day moving average of $38.29.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results 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%. On average, equities analysts forecast that Mercury Systems will post -0.14 earnings per share for the current fiscal year.

Insider Transactions at Mercury Systems

In related news, COO Charles Roger Iv Wells sold 1,527 shares of Mercury Systems stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $38.80, for a total transaction of $59,247.60. Following the completion of the transaction, the chief operating officer now owns 113,488 shares in the company, valued at approximately $4,403,334.40. This trade represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Mercury Systems

Hedge funds have recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC grew its position in shares of Mercury Systems by 55.9% during the 4th quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company’s stock worth $87,058,000 after purchasing an additional 743,552 shares in the last quarter. Fisher Asset Management LLC bought a new stake in shares of Mercury Systems during the 4th quarter valued at $16,601,000. Barclays PLC grew its holdings in shares of Mercury Systems by 471.3% during the 3rd quarter. Barclays PLC now owns 175,562 shares of the technology company’s stock worth $6,496,000 after purchasing an additional 144,831 shares in the last quarter. Van ECK Associates Corp grew its stake in Mercury Systems by 35.1% during the fourth quarter. Van ECK Associates Corp now owns 297,109 shares of the technology company’s stock worth $12,479,000 after buying an additional 77,254 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Mercury Systems during the 3rd quarter worth approximately $2,831,000. 95.99% of the stock is owned by institutional investors and hedge funds.

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.