Mercury Systems (NASDAQ:MRCY) Upgraded to Buy at Truist Financial

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

Other research analysts have also issued reports about the company. 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 raised Mercury Systems from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $37.00 to $58.00 in a research note on Wednesday, February 5th. StockNews.com raised Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group boosted 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $43.86.

Mercury Systems Stock Performance

Mercury Systems stock opened at $45.08 on Thursday. The company has a market cap of $2.69 billion, a PE ratio of -28.90 and a beta of 0.80. The company has a current ratio of 3.62, a quick ratio of 2.36 and a debt-to-equity ratio of 0.41. Mercury Systems has a 1 year low of $26.48 and a 1 year high of $52.25. The company’s 50-day moving average is $43.46 and its two-hundred day moving average is $39.86.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data 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 net margin of 10.23% and a negative return on equity of 2.03%. Equities analysts anticipate that Mercury Systems will post -0.08 earnings per share for the current year.

Insider Activity at Mercury Systems

In related news, COO Charles Roger Iv Wells sold 2,342 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $103,329.04. Following the transaction, the chief operating officer now directly owns 95,928 shares in the company, valued at approximately $4,232,343.36. The trade was a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stuart Kupinsky sold 2,377 shares of the stock in a transaction 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,314 shares of company stock valued at $234,454. 1.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Mercury Systems

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Mercury Systems by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 5,550,610 shares of the technology company’s stock worth $233,126,000 after purchasing an additional 41,324 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Mercury Systems by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,202,124 shares of the technology company’s stock valued at $92,490,000 after acquiring an additional 52,725 shares in the last quarter. Conestoga Capital Advisors LLC increased its position in Mercury Systems by 55.9% during the fourth quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company’s stock worth $87,058,000 after acquiring an additional 743,552 shares during the period. Victory Capital Management Inc. raised its stake in 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 purchasing an additional 294,747 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Mercury Systems by 196.1% in the 4th quarter. Millennium Management LLC now owns 1,023,508 shares of the technology company’s stock valued at $42,987,000 after purchasing an additional 677,894 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.