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

Mercury Systems, Inc. (NASDAQ:MRCY) has been given a consensus recommendation of “Reduce” by the eight research firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $34.00.

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday. Royal Bank of Canada increased their target price on shares of Mercury Systems from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 14th. StockNews.com downgraded shares of Mercury Systems from a “hold” rating to a “sell” rating in a research report on Thursday. Robert W. Baird increased their target price on shares of Mercury Systems from $26.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Finally, Truist Financial increased their target price on shares of Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th.

Mercury Systems Stock Down 0.6 %

MRCY stock opened at $41.95 on Tuesday. Mercury Systems has a 52-week low of $25.31 and a 52-week high of $42.93. The company’s 50 day simple moving average is $36.09 and its 200-day simple moving average is $33.22. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.07 and a quick ratio of 2.64. The firm has a market capitalization of $2.50 billion, a P/E ratio of -17.55 and a beta of 0.71.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, August 13th. The technology company reported $0.09 earnings per share (EPS) 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 business had revenue of $248.56 million for the quarter, compared to analyst estimates of $223.80 million. As a group, equities research analysts anticipate that Mercury Systems will post -0.52 EPS for the current year.

Insider Activity at Mercury Systems

In related news, COO Charles Roger Iv Wells sold 1,346 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $39.49, for a total value of $53,153.54. Following the transaction, the chief operating officer now directly owns 130,408 shares in the company, valued at approximately $5,149,811.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, COO Charles Roger Iv Wells sold 1,346 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $39.49, for a total value of $53,153.54. Following the transaction, the chief operating officer now directly owns 130,408 shares in the company, valued at approximately $5,149,811.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Debora A. Plunkett sold 1,843 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $38.07, for a total transaction of $70,163.01. Following the completion of the transaction, the director now owns 11,339 shares in the company, valued at $431,675.73. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,099 shares of company stock worth $865,740. 1.60% of the stock is owned by insiders.

Institutional Trading of Mercury Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Natixis Advisors LLC grew its position in Mercury Systems by 18.1% in the 3rd quarter. Natixis Advisors LLC now owns 14,686 shares of the technology company’s stock worth $543,000 after purchasing an additional 2,255 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Mercury Systems by 0.9% during the 3rd quarter. Royce & Associates LP now owns 221,279 shares of the technology company’s stock worth $8,187,000 after acquiring an additional 1,920 shares during the period. Zions Bancorporation N.A. lifted its holdings in shares of Mercury Systems by 17.1% during the 3rd quarter. Zions Bancorporation N.A. now owns 43,834 shares of the technology company’s stock worth $1,622,000 after acquiring an additional 6,403 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of Mercury Systems by 6.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 39,528 shares of the technology company’s stock worth $1,463,000 after acquiring an additional 2,530 shares during the period. Finally, GSA Capital Partners LLP bought a new position in shares of Mercury Systems during the 3rd quarter worth about $289,000. 95.99% of the stock is currently owned by institutional investors and hedge funds.

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.