StockNews.com Upgrades Mercury Systems (NASDAQ:MRCY) to “Hold”

StockNews.com upgraded shares of Mercury Systems (NASDAQ:MRCY) from a sell rating to a hold rating in a research report report published on Saturday morning.

Several other research analysts have also issued reports on MRCY. Robert W. Baird increased their target price on Mercury Systems from $26.00 to $37.00 and gave the stock a neutral rating in a research report on Wednesday, August 14th. Royal Bank of Canada raised their price objective on Mercury Systems from $30.00 to $35.00 and gave the company a sector perform rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. upped their target price on shares of Mercury Systems from $26.00 to $36.00 and gave the stock a neutral rating in a research report on Thursday, September 5th. Alembic Global Advisors upgraded shares of Mercury Systems from a neutral rating to an overweight rating and set a $48.00 price target for the company in a research note on Monday, August 19th. Finally, Truist Financial boosted their price objective on shares of Mercury Systems from $26.00 to $31.00 and gave the stock a hold rating in a research note on Wednesday, August 14th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Mercury Systems presently has a consensus rating of Hold and a consensus target price of $33.50.

Mercury Systems Stock Performance

Shares of MRCY stock opened at $36.62 on Friday. The company has a quick ratio of 2.64, a current ratio of 4.07 and a debt-to-equity ratio of 0.40. The stock has a fifty day moving average of $36.69 and a 200 day moving average of $32.21. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of -15.58 and a beta of 0.70. Mercury Systems has a 52 week low of $25.31 and a 52 week high of $42.72.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, August 13th. The technology company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.32. Mercury Systems had a negative net margin of 16.48% and a negative return on equity of 4.92%. The firm had revenue of $248.56 million for the quarter, compared to analyst estimates of $223.80 million. As a group, research analysts expect that Mercury Systems will post -0.52 earnings per share for the current year.

Insider Buying and Selling at Mercury Systems

In other news, Director Jana Partners Management, Lp bought 13,600 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were purchased at an average price of $37.25 per share, for a total transaction of $506,600.00. Following the completion of the purchase, the director now owns 6,944,633 shares in the company, valued at approximately $258,687,579.25. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Mercury Systems news, Director Jana Partners Management, Lp purchased 13,600 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was purchased at an average price of $37.25 per share, for a total transaction of $506,600.00. Following the completion of the purchase, the director now directly owns 6,944,633 shares of the company’s stock, valued at $258,687,579.25. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Stephanie Georges sold 1,340 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 value of $52,916.60. Following the sale, the executive vice president now directly owns 32,259 shares in the company, valued at $1,273,907.91. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,099 shares of company stock worth $865,740. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Mercury Systems

A number of large investors have recently made changes to their positions in MRCY. Nisa Investment Advisors LLC lifted its holdings in Mercury Systems by 1,126.3% in the second 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 during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Mercury Systems by 216.0% in the second 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 during the last quarter. nVerses Capital LLC bought a new stake in Mercury Systems during the second quarter valued at approximately $81,000. Quest Partners LLC increased its holdings in Mercury Systems by 10,995.5% during the second quarter. Quest Partners LLC now owns 4,882 shares of the technology company’s stock valued at $132,000 after buying an additional 4,838 shares during the last quarter. Finally, Headlands Technologies LLC increased its holdings in Mercury Systems by 625.7% during the second quarter. Headlands Technologies LLC now owns 5,726 shares of the technology company’s stock valued at $155,000 after buying an additional 4,937 shares during the last quarter. 95.99% of the stock is currently 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.