Mercury Systems (NASDAQ:MRCY) Stock Lifted to “Overweight” by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Mercury Systems (NASDAQ:MRCY) from a neutral rating to an overweight rating in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has $102.00 target price on the technology company’s stock, down from their previous target price of $110.00.

A number of other research analysts also recently issued reports on the company. Zacks Research downgraded Mercury Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Robert W. Baird upped their target price on Mercury Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Canaccord Genuity Group raised their price target on Mercury Systems from $106.00 to $128.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Deutsche Bank cut shares of Mercury Systems to a “hold” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.00.

Mercury Systems Stock Up 5.7%

MRCY stock opened at $88.33 on Wednesday. The company’s 50 day moving average is $80.22 and its 200 day moving average is $90.94. Mercury Systems has a 1-year low of $64.37 and a 1-year high of $128.45. The company has a current ratio of 2.96, a quick ratio of 1.85 and a debt-to-equity ratio of 0.29. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of -1,104.12 and a beta of 0.98.

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. Mercury Systems had a negative net margin of 0.40% and a positive return on equity of 2.55%. The company had revenue of $253.15 million during the quarter, compared to analysts’ expectations of $245.00 million. During the same quarter in the prior year, the company earned $0.26 EPS. The firm’s revenue was up 12.4% on a year-over-year basis. Sell-side analysts predict that Mercury Systems will post 0.91 EPS for the current fiscal year.

Insider Transactions at Mercury Systems

In other news, CEO William Ballhaus sold 49,090 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $89.10, for a total value of $4,373,919.00. Following the transaction, the chief executive officer owned 361,822 shares of the company’s stock, valued at approximately $32,238,340.20. The trade was a 11.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Steven Ratner sold 4,000 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $84.51, for a total transaction of $338,040.00. Following the completion of the sale, the executive vice president owned 19,275 shares in the company, valued at $1,628,930.25. This represents a 17.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 452,186 shares of company stock valued at $41,933,170 over the last three months. Corporate insiders own 0.99% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Verdence Capital Advisors LLC grew its holdings in Mercury Systems by 4.7% during the third quarter. Verdence Capital Advisors LLC now owns 3,169 shares of the technology company’s stock worth $263,000 after acquiring an additional 143 shares during the period. GAMMA Investing LLC lifted its holdings in Mercury Systems by 8.5% in the second quarter. GAMMA Investing LLC now owns 1,984 shares of the technology company’s stock valued at $243,000 after acquiring an additional 155 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Mercury Systems by 2.1% during the 3rd quarter. Quadrant Capital Group LLC now owns 8,017 shares of the technology company’s stock worth $615,000 after purchasing an additional 167 shares during the period. Guidance Capital Inc. increased its holdings in shares of Mercury Systems by 2.5% during the 3rd quarter. Guidance Capital Inc. now owns 7,098 shares of the technology company’s stock valued at $549,000 after purchasing an additional 171 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in shares of Mercury Systems by 26.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 873 shares of the technology company’s stock valued at $72,000 after purchasing an additional 184 shares in the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Recent Mercury Systems Headlines

These are some of the MRCY headlines that stood out recently:

• Positive Sentiment: Mercury reported fiscal Q1 adjusted earnings of $0.52 per share and revenue of $253.2 million, beating analyst estimates; revenue rose 12.4% year over year. Stronger-than-expected results and gross margins are supporting sentiment. RBC analysis
• Positive Sentiment: J.P. Morgan upgraded MRCY from Neutral to Overweight, citing stronger orders and improved profits. Piper Sandler also reaffirmed its Overweight rating. J.P. Morgan upgrade
• Neutral Sentiment: The company’s FY2027 revenue guidance is $1.1 billion, in line with consensus. Reports also describe an improved full-year outlook, but the revenue forecast itself is not a clear upside surprise. FY2027 outlook

Mercury Systems Company Profile

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.