Mercury Systems (NASDAQ:MRCY) Upgraded at Truist Financial

Truist Financial upgraded shares of Mercury Systems (NASDAQ:MRCY) from a hold rating to a buy rating in a report published on Thursday, MarketBeat Ratings reports. The firm currently has $56.00 price objective on the technology company’s stock, up from their prior price objective of $49.00.

A number of other research analysts have also commented on MRCY. Baird R W upgraded Mercury Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Robert W. Baird upgraded Mercury Systems from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $37.00 to $58.00 in a research report on Wednesday, February 5th. The Goldman Sachs Group increased their price objective on Mercury Systems from $25.00 to $28.00 and gave the company a “sell” rating in a research report on Thursday, January 16th. Finally, StockNews.com upgraded Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $43.86.

Mercury Systems Stock Up 3.2 %

NASDAQ MRCY opened at $46.52 on Thursday. The firm has a market cap of $2.78 billion, a PE ratio of -29.82 and a beta of 0.80. Mercury Systems has a one year low of $26.48 and a one year high of $52.25. The stock’s 50 day simple moving average is $43.54 and its 200 day simple moving average is $39.94. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.36.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Mercury Systems had a negative net margin of 10.23% and a negative return on equity of 2.03%. As a group, sell-side analysts forecast that Mercury Systems will post -0.08 earnings per share for the current fiscal year.

Insider Transactions at Mercury Systems

In related news, CAO Douglas Munro sold 595 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total transaction of $26,251.40. Following the sale, the chief accounting officer now owns 14,572 shares of the company’s stock, valued at approximately $642,916.64. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Charles Roger Iv Wells sold 2,342 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $103,329.04. Following the sale, the chief operating officer now directly owns 95,928 shares in the company, valued at $4,232,343.36. The trade was a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,314 shares of company stock worth $234,454 in the last three months. Insiders own 1.60% of the company’s stock.

Institutional Trading of Mercury Systems

Hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its stake in Mercury Systems by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 245,880 shares of the technology company’s stock worth $10,327,000 after buying an additional 7,512 shares during the period. Victory Capital Management Inc. raised its stake 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 valued at $86,526,000 after purchasing an additional 294,747 shares during the period. Van ECK Associates Corp raised its stake in shares of Mercury Systems by 35.1% in the 4th quarter. Van ECK Associates Corp now owns 297,109 shares of the technology company’s stock valued at $12,479,000 after purchasing an additional 77,254 shares during the period. Fisher Asset Management LLC acquired a new stake in shares of Mercury Systems in the 4th quarter valued at about $16,601,000. Finally, FMR LLC raised its stake in shares of Mercury Systems by 46.5% in the 3rd quarter. FMR LLC now owns 3,067 shares of the technology company’s stock valued at $113,000 after purchasing an additional 974 shares during the period. Institutional investors and hedge funds own 95.99% of the company’s stock.

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.