Mercury Systems (NASDAQ:MRCY) Price Target Raised to $28.00 at The Goldman Sachs Group

Mercury Systems (NASDAQ:MRCY - Free Report) had its price target upped by The Goldman Sachs Group from $25.00 to $28.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a sell rating on the technology company's stock.

Several other brokerages have also recently weighed in on MRCY. StockNews.com raised shares of Mercury Systems from a "sell" rating to a "hold" rating in a research note on Thursday, December 5th. Jefferies Financial Group upgraded Mercury Systems from an "underperform" rating to a "hold" rating and upped their price target for the company from $30.00 to $42.00 in a research report on Monday, November 11th. Truist Financial raised their price objective on Mercury Systems from $35.00 to $44.00 and gave the stock a "hold" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price objective on Mercury Systems from $36.00 to $40.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $39.14.

Mercury Systems Trading Up 0.1 %

MRCY traded up $0.06 during trading on Thursday, reaching $42.92. 752,189 shares of the company's stock were exchanged, compared to its average volume of 394,372. The company has a current ratio of 4.10, a quick ratio of 2.59 and a debt-to-equity ratio of 0.41. Mercury Systems has a one year low of $25.31 and a one year high of $44.63. The firm has a fifty day moving average price of $40.82 and a two-hundred day moving average price of $37.29. The stock has a market capitalization of $2.56 billion, a PE ratio of -20.94 and a beta of 0.78.

Insider Transactions at Mercury Systems

In other Mercury Systems news, COO Charles Roger Iv Wells sold 1,527 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $38.80, for a total transaction of $59,247.60. Following the transaction, the chief operating officer now directly owns 113,488 shares in the company, valued at approximately $4,403,334.40. This represents a 1.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.60% of the company's stock.

Institutional Trading of Mercury Systems

Several hedge funds have recently modified their holdings of the stock. American Century Companies Inc. increased its stake in Mercury Systems by 134.2% in the second quarter. American Century Companies Inc. now owns 18,114 shares of the technology company's stock valued at $489,000 after purchasing an additional 10,381 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Mercury Systems by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,027,158 shares of the technology company's stock valued at $54,713,000 after buying an additional 20,604 shares during the period. King Luther Capital Management Corp increased its position in Mercury Systems by 13.7% in the 2nd quarter. King Luther Capital Management Corp now owns 108,177 shares of the technology company's stock valued at $2,920,000 after buying an additional 13,051 shares in the last quarter. Sei Investments Co. raised its stake in Mercury Systems by 28.7% during the 2nd quarter. Sei Investments Co. now owns 279,327 shares of the technology company's stock worth $7,539,000 after buying an additional 62,371 shares during the period. Finally, Gabelli Funds LLC boosted its holdings in Mercury Systems by 8.4% in the second quarter. Gabelli Funds LLC now owns 12,859 shares of the technology company's stock worth $347,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors 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.