Mercury Systems (NASDAQ:MRCY) Upgraded to “Strong-Buy” at Baird R W

Mercury Systems (NASDAQ:MRCY) was upgraded by equities research analysts at Baird R W from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Robert W. Baird upgraded shares of Mercury Systems from a “neutral” rating to an “outperform” rating and upped their target price for the company from $37.00 to $58.00 in a report on Wednesday. StockNews.com upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Truist Financial lifted their target price on Mercury Systems from $35.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. Jefferies Financial Group raised Mercury Systems from an “underperform” rating to a “hold” rating and upped their target price for the company from $30.00 to $42.00 in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. lifted their price target on Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Mercury Systems has an average rating of “Hold” and an average target price of $42.14.

Mercury Systems Stock Down 5.1 %

Shares of NASDAQ MRCY opened at $47.34 on Wednesday. The business has a 50-day moving average of $41.23 and a two-hundred day moving average of $38.37. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of -23.09 and a beta of 0.79. Mercury Systems has a 1 year low of $25.31 and a 1 year high of $52.25. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.10 and a quick ratio of 2.59.

Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Mercury Systems had a negative return on equity of 3.96% and a negative net margin of 13.80%. On average, analysts forecast that Mercury Systems will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Mercury Systems

In related news, COO Charles Roger Iv Wells sold 1,527 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $38.80, for a total value of $59,247.60. Following the completion of the sale, the chief operating officer now owns 113,488 shares in the company, valued at $4,403,334.40. This trade represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Mercury Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in shares of Mercury Systems in the 4th quarter worth about $4,258,000. Aigen Investment Management LP purchased a new stake in shares of Mercury Systems during the 4th quarter valued at $231,000. Victory Capital Management Inc. raised its position in shares of Mercury Systems by 16.7% in the 4th quarter. Victory Capital Management Inc. now owns 2,060,131 shares of the technology company’s stock worth $86,526,000 after buying an additional 294,747 shares during the period. Keybank National Association OH boosted its holdings in Mercury Systems by 20.8% in the fourth quarter. Keybank National Association OH now owns 12,512 shares of the technology company’s stock valued at $526,000 after acquiring an additional 2,154 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Mercury Systems by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 673,224 shares of the technology company’s stock valued at $28,275,000 after acquiring an additional 14,391 shares during the period. Institutional investors and hedge funds own 95.99% of the company’s stock.

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.