Mercury Systems (NASDAQ:MRCY) Stock Rating Upgraded by Truist Financial

Mercury Systems (NASDAQ:MRCY) was upgraded by equities research analysts at Truist Financial from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, Marketbeat Ratings reports. The firm presently has a $56.00 target price on the technology company’s stock, up from their prior target price of $49.00. Truist Financial’s price objective suggests a potential upside of 20.38% from the company’s current price.

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

Mercury Systems Trading Up 3.2 %

NASDAQ:MRCY opened at $46.52 on Thursday. The company has a market capitalization of $2.78 billion, a PE ratio of -29.82 and a beta of 0.80. The company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41. Mercury Systems has a 52-week low of $26.48 and a 52-week high of $52.25. The stock has a fifty day simple moving average of $43.54 and a 200-day simple moving average of $39.92.

Mercury Systems (NASDAQ:MRCY) last posted 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 return on equity of 2.03% and a negative net margin of 10.23%. On average, equities research analysts expect that Mercury Systems will post -0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Mercury Systems

In related news, EVP Stuart Kupinsky sold 2,377 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $104,873.24. Following the completion of the sale, the executive vice president now owns 62,834 shares of the company’s stock, valued at approximately $2,772,236.08. This represents a 3.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Charles Roger Iv Wells sold 2,342 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total transaction of $103,329.04. Following the sale, the chief operating officer now directly owns 95,928 shares of the company’s stock, valued at approximately $4,232,343.36. This trade represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,314 shares of company stock worth $234,454 in the last 90 days. 1.60% of the stock is owned by company insiders.

Institutional Trading of Mercury Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. Corient Private Wealth LLC boosted its holdings in Mercury Systems by 4.0% in the 4th quarter. Corient Private Wealth LLC now owns 6,858 shares of the technology company’s stock worth $288,000 after acquiring an additional 266 shares during the period. Ironwood Investment Management LLC boosted its holdings in Mercury Systems by 0.7% in the 4th quarter. Ironwood Investment Management LLC now owns 40,994 shares of the technology company’s stock worth $1,722,000 after acquiring an additional 300 shares during the period. Schonfeld Strategic Advisors LLC boosted its holdings in Mercury Systems by 8.1% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 6,867 shares of the technology company’s stock worth $288,000 after acquiring an additional 517 shares during the period. Bank of Montreal Can boosted its holdings in Mercury Systems by 5.0% in the 4th quarter. Bank of Montreal Can now owns 10,984 shares of the technology company’s stock worth $461,000 after acquiring an additional 519 shares during the period. Finally, Johnson Investment Counsel Inc. boosted its holdings in Mercury Systems by 9.1% in the 4th quarter. Johnson Investment Counsel Inc. now owns 6,641 shares of the technology company’s stock worth $279,000 after acquiring an additional 555 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.