Robert W. Baird Upgrades Mercury Systems (NASDAQ:MRCY) to Outperform

Mercury Systems (NASDAQ:MRCY) was upgraded by equities researchers at Robert W. Baird from a “neutral” rating to an “outperform” rating in a report issued on Wednesday, Marketbeat Ratings reports. The firm presently has a $58.00 price objective on the technology company’s stock, up from their prior price objective of $37.00. Robert W. Baird’s target price points to a potential upside of 22.52% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Jefferies Financial Group upgraded Mercury Systems from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $30.00 to $42.00 in a research report on Monday, November 11th. The Goldman Sachs Group lifted their target price on Mercury Systems from $25.00 to $28.00 and gave the stock a “sell” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. lifted their target price on Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Truist Financial boosted their price target on Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Finally, StockNews.com upgraded Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.14.

Mercury Systems Stock Down 5.1 %

Mercury Systems stock opened at $47.34 on Wednesday. Mercury Systems has a 1-year low of $25.31 and a 1-year high of $52.25. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.10 and a quick ratio of 2.59. The stock has a market cap of $2.82 billion, a PE ratio of -23.09 and a beta of 0.79. The stock’s fifty day moving average is $41.23 and its two-hundred day moving average is $38.37.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Mercury Systems had a negative net margin of 13.80% and a negative return on equity of 3.96%. On average, sell-side analysts expect that Mercury Systems will post -0.14 EPS for the current fiscal year.

Insider Transactions at Mercury Systems

In other news, COO Charles Roger Iv Wells sold 1,527 shares of the business’s 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 sale, the chief operating officer now owns 113,488 shares of the company’s stock, valued at $4,403,334.40. The trade was a 1.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Mercury Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC lifted its stake in Mercury Systems by 144.0% in the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock valued at $25,000 after buying an additional 393 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Mercury Systems by 43.2% in the 3rd 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 in the 4th quarter valued at approximately $75,000. Covestor Ltd raised its holdings in 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 acquiring an additional 620 shares during the last quarter. Finally, KBC Group NV raised its holdings in Mercury Systems by 49.4% in the 4th quarter. KBC Group NV now owns 2,496 shares of the technology company’s stock valued at $105,000 after acquiring an additional 825 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.