Mercury Systems (NASDAQ:MRCY) Upgraded by Robert W. Baird to Outperform Rating

Mercury Systems (NASDAQ:MRCY - Get Free Report) was upgraded by equities researchers at Robert W. Baird from a "neutral" rating to an "outperform" rating in a report issued on Wednesday, Marketbeat.com reports. The brokerage presently has a $58.00 price target on the technology company's stock, up from their prior price target of $37.00. Robert W. Baird's target price points to a potential upside of 27.89% from the company's previous close.

MRCY has been the subject of several other reports. StockNews.com raised Mercury Systems from a "sell" rating to a "hold" rating in a report on Thursday, December 5th. JPMorgan Chase & Co. lifted their price target on Mercury Systems from $36.00 to $40.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Jefferies Financial Group upgraded shares of Mercury Systems from an "underperform" rating to a "hold" rating and raised their target price for the company from $30.00 to $42.00 in a report on Monday, November 11th. Truist Financial upped their target price on Mercury Systems from $35.00 to $44.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. Finally, The Goldman Sachs Group raised their price target on Mercury Systems from $25.00 to $28.00 and gave the stock a "sell" rating in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $42.14.

Mercury Systems Price Performance

MRCY stock traded down $1.99 on Wednesday, reaching $45.35. 764,287 shares of the company's stock were exchanged, compared to its average volume of 537,351. The stock has a fifty day moving average of $41.44 and a 200-day moving average of $38.51. The firm has a market cap of $2.71 billion, a PE ratio of -29.07 and a beta of 0.79. The company has a quick ratio of 2.59, a current ratio of 3.62 and a debt-to-equity ratio of 0.41. Mercury Systems has a twelve month low of $26.11 and a twelve month high of $52.25.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last released 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%. As a group, equities analysts predict that Mercury Systems will post -0.14 EPS for the current fiscal year.

Insider Activity at Mercury Systems

In other news, COO Charles Roger Iv Wells sold 1,527 shares of the company's stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 113,488 shares in the company, valued at $4,403,334.40. This represents a 1.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On Mercury Systems

A number of institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in shares of Mercury Systems by 144.0% during the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company's stock worth $25,000 after purchasing an additional 393 shares during the period. Nisa Investment Advisors LLC lifted its position in Mercury Systems by 43.2% during the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company's stock valued at $62,000 after buying an additional 503 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Mercury Systems during the fourth quarter worth approximately $75,000. Covestor Ltd increased its position in shares of Mercury Systems by 41.2% in the third quarter. Covestor Ltd now owns 2,124 shares of the technology company's stock worth $78,000 after acquiring an additional 620 shares in the last quarter. Finally, KBC Group NV raised its position in Mercury Systems by 49.4% in the fourth quarter. KBC Group NV now owns 2,496 shares of the technology company's stock valued at $105,000 after purchasing an additional 825 shares during the period. Hedge funds and other 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.