Mercury Systems (NASDAQ:MRCY) Upgraded to Hold at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Mercury Systems (NASDAQ:MRCY) from an underperform rating to a hold rating in a research note released on Monday, MarketBeat reports. The firm currently has $42.00 price target on the technology company’s stock, up from their previous price target of $30.00.

A number of other research analysts have also recently commented on MRCY. Alembic Global Advisors raised Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 target price on the stock in a research note on Monday, August 19th. JPMorgan Chase & Co. increased their target price on Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Truist Financial lifted their target price on Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. StockNews.com cut shares of Mercury Systems from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Finally, Robert W. Baird lifted their price objective on shares of Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $35.50.

Mercury Systems Trading Up 2.8 %

MRCY stock opened at $43.91 on Monday. The firm’s fifty day simple moving average is $36.18 and its two-hundred day simple moving average is $33.40. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of -21.42 and a beta of 0.71. The company has a quick ratio of 2.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.41. Mercury Systems has a twelve month low of $25.31 and a twelve month high of $44.24.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, August 13th. The technology company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.23) by $0.32. The company had revenue of $248.56 million for the quarter, compared to the consensus estimate of $223.80 million. Mercury Systems had a negative net margin of 13.80% and a negative return on equity of 3.96%. As a group, analysts anticipate that Mercury Systems will post -0.52 earnings per share for the current year.

Insiders Place Their Bets

In other Mercury Systems news, Director Jana Partners Management, Lp purchased 13,600 shares of Mercury Systems stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average price of $37.25 per share, for a total transaction of $506,600.00. Following the acquisition, the director now owns 6,944,633 shares in the company, valued at $258,687,579.25. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Jana Partners Management, Lp purchased 13,600 shares of Mercury Systems stock in a transaction dated Tuesday, August 27th. The stock was purchased at an average cost of $37.25 per share, with a total value of $506,600.00. Following the transaction, the director now owns 6,944,633 shares in the company, valued at approximately $258,687,579.25. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Charles Roger Iv Wells sold 1,346 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $39.49, for a total value of $53,153.54. Following the sale, the chief operating officer now owns 130,408 shares of the company’s stock, valued at $5,149,811.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,099 shares of company stock worth $865,740 in the last three months. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MRCY. William Blair Investment Management LLC grew its stake in Mercury Systems by 0.6% during the 2nd quarter. William Blair Investment Management LLC now owns 6,416,449 shares of the technology company’s stock worth $173,180,000 after buying an additional 36,923 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Mercury Systems by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,027,158 shares of the technology company’s stock valued at $54,713,000 after acquiring an additional 20,604 shares in the last quarter. Westwood Holdings Group Inc. raised its position in shares of Mercury Systems by 14.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,554,166 shares of the technology company’s stock valued at $45,848,000 after purchasing an additional 199,600 shares during the last quarter. Conestoga Capital Advisors LLC boosted its stake in Mercury Systems by 1.6% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,329,265 shares of the technology company’s stock worth $49,183,000 after purchasing an additional 20,300 shares in the last quarter. Finally, Clearline Capital LP grew its position in Mercury Systems by 18.4% during the 2nd quarter. Clearline Capital LP now owns 526,611 shares of the technology company’s stock worth $14,213,000 after purchasing an additional 81,826 shares during the last quarter. Hedge funds and other institutional investors 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.