Robert W. Baird Upgrades Mercury Systems (NASDAQ:MRCY) to “Outperform”

Robert W. Baird upgraded shares of Mercury Systems (NASDAQ:MRCY) from a neutral rating to an outperform rating in a report issued on Wednesday morning, Marketbeat Ratings reports. Robert W. Baird currently has $58.00 price objective on the technology company’s stock, up from their previous price objective of $37.00.

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

Mercury Systems Price Performance

MRCY opened at $49.88 on Wednesday. The stock has a market capitalization of $2.97 billion, a P/E 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 12-month low of $25.31 and a 12-month high of $52.25. The stock has a 50-day moving average price of $41.05 and a 200-day moving average price of $38.29.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly 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 net margin of 13.80% and a negative return on equity of 3.96%. Equities analysts predict that Mercury Systems will post -0.14 earnings per share for the current fiscal year.

Insider Activity at Mercury Systems

In related news, COO Charles Roger Iv Wells sold 1,527 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $38.80, for a total transaction of $59,247.60. Following the transaction, the chief operating officer now owns 113,488 shares in the company, valued at $4,403,334.40. The trade was a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Mercury Systems

Several large investors have recently bought and sold shares of the company. Signaturefd LLC raised its position in shares of Mercury Systems by 144.0% in the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock worth $25,000 after acquiring an additional 393 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Mercury Systems by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock worth $62,000 after purchasing an additional 503 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Mercury Systems in the fourth quarter worth $75,000. Covestor Ltd lifted its position in Mercury Systems by 41.2% during the third quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock valued at $78,000 after buying an additional 620 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Mercury Systems by 49.4% during the 4th quarter. KBC Group NV now owns 2,496 shares of the technology company’s stock valued at $105,000 after buying an additional 825 shares in the last quarter. 95.99% of the stock is owned by institutional investors.

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.