Mercury Systems’ (MRCY) “Overweight” Rating Reiterated at Piper Sandler

Mercury Systems (NASDAQ:MRCY)‘s stock had its “overweight” rating restated by analysts at Piper Sandler in a note issued to investors on Wednesday, Benzinga reports. They presently have a $107.00 price objective on the technology company’s stock. Piper Sandler‘s price target would indicate a potential upside of 28.02% from the stock’s previous close.

Several other research firms have also issued reports on MRCY. Canaccord Genuity Group boosted their price target on shares of Mercury Systems from $106.00 to $128.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft downgraded shares of Mercury Systems to a “hold” rating in a report on Wednesday, August 12th. Guggenheim assumed coverage on shares of Mercury Systems in a report on Monday, September 14th. They issued a “buy” rating and a $115.00 price objective for the company. JPMorgan Chase & Co. upgraded shares of Mercury Systems from a “neutral” rating to an “overweight” rating and set a $102.00 price objective for the company in a research note on Wednesday. Finally, Royal Bank Of Canada lowered their target price on shares of Mercury Systems from $120.00 to $105.00 and set an “outperform” rating on the stock in a report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.00.

Mercury Systems Trading Up 5.0%

Shares of MRCY opened at $83.58 on Wednesday. The business has a 50-day moving average of $80.11 and a 200 day moving average of $90.99. Mercury Systems has a fifty-two week low of $64.37 and a fifty-two week high of $128.45. The firm has a market cap of $5.09 billion, a P/E ratio of -167.16 and a beta of 0.98. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 2.96.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, November 10th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.22. The business had revenue of $253.15 million for the quarter, compared to analysts’ expectations of $245.00 million. Mercury Systems had a positive return on equity of 1.29% and a negative net margin of 3.02%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 EPS. As a group, research analysts forecast that Mercury Systems will post 0.91 EPS for the current year.

Insider Transactions at Mercury Systems

In other news, CEO William L. Ballhaus sold 111,076 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $87.12, for a total value of $9,676,941.12. Following the completion of the transaction, the chief executive officer directly owned 342,436 shares in the company, valued at approximately $29,833,024.32. This trade represents a 24.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David E. Farnsworth sold 8,155 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $100.31, for a total transaction of $818,028.05. Following the completion of the transaction, the executive vice president owned 124,579 shares of the company’s stock, valued at $12,496,519.49. This trade represents a 6.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 452,186 shares of company stock valued at $41,933,170 in the last ninety days. Insiders own 0.99% of the company’s stock.

Institutional Trading of Mercury Systems

Several institutional investors and hedge funds have recently bought and sold shares of MRCY. BlackRock Inc. bought a new position in Mercury Systems in the 2nd quarter valued at $1,146,342,000. Segall Bryant & Hamill LLC increased its holdings in shares of Mercury Systems by 46.9% in the first quarter. Segall Bryant & Hamill LLC now owns 934,824 shares of the technology company’s stock worth $68,158,000 after purchasing an additional 298,298 shares during the period. Wellington Management Group LLP increased its holdings in shares of Mercury Systems by 2.6% in the second quarter. Wellington Management Group LLP now owns 775,502 shares of the technology company’s stock worth $94,867,000 after purchasing an additional 19,977 shares during the period. Jennison Associates LLC increased its holdings in shares of Mercury Systems by 52.9% in the first quarter. Jennison Associates LLC now owns 688,114 shares of the technology company’s stock worth $50,170,000 after purchasing an additional 238,147 shares during the period. Finally, Bamco Inc. NY purchased a new stake in shares of Mercury Systems in the second quarter worth $74,244,000. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Mercury Systems

Here are the key news stories impacting Mercury Systems this week:

• Positive Sentiment: Mercury reported earnings of $0.52 per share, above estimates of roughly $0.28–$0.30 and up from $0.26 a year earlier. Revenue rose 12.4% year over year to $253.2 million, topping the $245 million estimate. Mercury Systems Reports First Quarter Results
• Positive Sentiment: The company raised its fiscal 2027 outlook; a separate report highlighted stronger defense orders. Higher guidance and demand could help underpin expectations for future growth. Mercury Systems Q1 Swings To Profit; Raises FY27 Outlook Mercury Systems beats estimates as defense orders surge
• Negative Sentiment: Despite the earnings beat, headlines reported that MRCY shares fell and cited broader defense-sector concerns. This suggests sector sentiment may be offsetting some of the positive company-specific news. Defense Sector Concerns Weigh on Mercury Systems Shares Mercury Systems falls despite earnings beat

About Mercury Systems

Mercury Systems, Inc. develops and supplies secure processing systems and subsystems for the aerospace and defense industries. Its products include embedded computing, signal processing, radio-frequency and microwave components, and other technologies used to process and manage critical data. The company’s technologies support applications such as radar, electronic warfare, communications, avionics, and command-and-control systems. Mercury works with defense contractors and government customers, providing components and systems designed for use in demanding environments.