Mercury Systems (NASDAQ:MRCY) Given New $44.00 Price Target at Truist Financial

Mercury Systems (NASDAQ:MRCY) had its price target raised by stock analysts at Truist Financial from $35.00 to $44.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the technology company’s stock. Truist Financial’s price target would indicate a potential upside of 3.31% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. Jefferies Financial Group upgraded shares of Mercury Systems from an “underperform” rating to a “hold” rating and raised their price target for the stock from $30.00 to $42.00 in a report on Monday, November 11th. JPMorgan Chase & Co. upped 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. Finally, StockNews.com raised 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, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Mercury Systems currently has an average rating of “Hold” and an average price target of $38.14.

Mercury Systems Trading Up 2.0 %

Shares of MRCY stock traded up $0.84 during mid-day trading on Tuesday, hitting $42.59. The company’s stock had a trading volume of 31,332 shares, compared to its average volume of 356,574. The company has a market cap of $2.54 billion, a PE ratio of -20.78 and a beta of 0.78. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 4.10. The company’s fifty day simple moving average is $40.60 and its 200-day simple moving average is $36.99. Mercury Systems has a 52 week low of $25.31 and a 52 week high of $44.63.

Insider Buying and Selling at Mercury Systems

In other Mercury Systems news, COO Charles Roger Iv Wells sold 1,527 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $38.80, for a total transaction of $59,247.60. Following the completion of the transaction, the chief operating officer now owns 113,488 shares in the company, valued at $4,403,334.40. This trade represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Mercury Systems

Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew 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 worth $54,713,000 after purchasing an additional 20,604 shares in the last quarter. Conestoga Capital Advisors LLC grew 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 buying an additional 20,300 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Mercury Systems by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 658,833 shares of the technology company’s stock worth $24,377,000 after buying an additional 9,582 shares during the last quarter. Clearline Capital LP raised its position in shares of Mercury Systems by 18.4% during the 2nd quarter. Clearline Capital LP now owns 526,611 shares of the technology company’s stock valued at $14,213,000 after buying an additional 81,826 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of 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 acquiring an additional 62,371 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.