Mercury Systems (NASDAQ:MRCY) Raised to "Strong-Buy" at Baird R W

Baird R W upgraded shares of Mercury Systems (NASDAQ:MRCY - Free Report) from a hold rating to a strong-buy rating in a report published on Wednesday,Zacks.com reports.

MRCY has been the topic of several other reports. JPMorgan Chase & Co. increased their target price on shares of 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 raised Mercury Systems from an "underperform" rating to a "hold" rating and upped their price target for the stock from $30.00 to $42.00 in a report on Monday, November 11th. Truist Financial boosted their price objective on Mercury Systems from $35.00 to $44.00 and gave the company a "hold" rating in a research report on Tuesday, January 14th. Robert W. Baird upgraded Mercury Systems from a "neutral" rating to an "outperform" rating and increased their target price for the company from $37.00 to $58.00 in a research report on Wednesday. Finally, StockNews.com raised shares of Mercury Systems from a "sell" rating to a "hold" rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $42.14.

Mercury Systems Stock Performance

Shares of MRCY traded down $1.99 during mid-day trading on Wednesday, reaching $45.35. The company had a trading volume of 764,287 shares, compared to its average volume of 537,351. The stock has a market capitalization of $2.71 billion, a P/E ratio of -29.07 and a beta of 0.79. Mercury Systems has a 52-week low of $26.11 and a 52-week high of $52.25. The stock has a 50 day moving average of $41.44 and a two-hundred day moving average of $38.54. 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 (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 the consensus estimate 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, analysts expect that Mercury Systems will post -0.14 earnings per share for the current year.

Insider Activity

In related 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 value of $59,247.60. Following the completion of the sale, the chief operating officer now owns 113,488 shares of the company's stock, valued at approximately $4,403,334.40. This trade represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On Mercury Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its position in shares of Mercury Systems by 144.0% during the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company's stock valued at $25,000 after acquiring an additional 393 shares during the last quarter. Nisa Investment Advisors LLC raised its stake 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 worth $62,000 after purchasing an additional 503 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Mercury Systems in the 4th quarter valued at about $75,000. Covestor Ltd grew its stake in shares of Mercury Systems by 41.2% in the 3rd quarter. Covestor Ltd now owns 2,124 shares of the technology company's stock valued at $78,000 after buying an additional 620 shares during the period. Finally, KBC Group NV increased its holdings in shares of Mercury Systems by 49.4% during the 4th quarter. KBC Group NV now owns 2,496 shares of the technology company's stock worth $105,000 after buying an additional 825 shares during the last quarter. 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.