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

Mercury Systems, Inc. (NASDAQ:MRCY) has earned an average rating of “Reduce” from the eight brokerages that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $34.00.

A number of analysts recently weighed in on the company. Robert W. Baird increased their price objective on Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Royal Bank of Canada increased 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. increased their price objective on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday. Truist Financial increased their price objective on Mercury Systems from $26.00 to $31.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. Finally, StockNews.com downgraded Mercury Systems from a “hold” rating to a “sell” rating in a report on Thursday.

Insider Transactions at Mercury Systems

In other news, EVP Stephanie Georges sold 1,340 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $39.49, for a total transaction of $52,916.60. Following the transaction, the executive vice president now owns 32,259 shares of the company’s stock, valued at $1,273,907.91. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO William L. Ballhaus sold 6,549 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $39.49, for a total value of $258,620.01. Following the transaction, the chief executive officer now owns 353,481 shares of the company’s stock, valued at approximately $13,958,964.69. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephanie Georges sold 1,340 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $39.49, for a total transaction of $52,916.60. Following the completion of the transaction, the executive vice president now directly owns 32,259 shares in the company, valued at approximately $1,273,907.91. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,099 shares of company stock valued at $865,740 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mercury Systems

Large investors have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its position in Mercury Systems by 144.0% in the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock valued at $25,000 after acquiring an additional 393 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Mercury Systems by 1,126.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock valued at $31,000 after acquiring an additional 1,070 shares in the last quarter. Covestor Ltd lifted its position in shares of Mercury Systems by 41.2% during the 3rd quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock worth $78,000 after buying an additional 620 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Mercury Systems by 216.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock worth $64,000 after buying an additional 1,622 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Mercury Systems during the 2nd quarter worth approximately $81,000. Institutional investors own 95.99% of the company’s stock.

Mercury Systems Stock Up 1.8 %

Shares of NASDAQ:MRCY opened at $42.70 on Tuesday. The company has a fifty day moving average of $36.18 and a 200-day moving average of $33.32. The company has a market capitalization of $2.55 billion, a PE ratio of -20.83 and a beta of 0.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.64 and a current ratio of 4.10. Mercury Systems has a 52-week low of $25.31 and a 52-week high of $43.33.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings results on Tuesday, August 13th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.32. The company had revenue of $248.56 million during the quarter, compared to the consensus estimate of $223.80 million. Mercury Systems had a negative net margin of 13.80% and a negative return on equity of 3.96%. On average, equities analysts predict that Mercury Systems will post -0.52 EPS for the current fiscal year.

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.