Mercury Systems (NASDAQ:MRCY) Price Target Raised to $40.00 at JPMorgan Chase & Co.

Mercury Systems (NASDAQ:MRCY) had its price objective lifted by JPMorgan Chase & Co. from $36.00 to $40.00 in a research report released on Thursday,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

Other equities analysts have also issued research reports about the company. Robert W. Baird lifted their price target on Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Truist Financial lifted their price target on shares of Mercury Systems from $26.00 to $31.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. StockNews.com raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Saturday, October 5th. Alembic Global Advisors upgraded shares of Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price objective for the company in a research note on Monday, August 19th. Finally, Royal Bank of Canada lifted their target price on shares of Mercury Systems from $30.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 14th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $34.00.

Mercury Systems Stock Up 1.8 %

Shares of MRCY stock traded up $0.75 on Thursday, hitting $42.70. 718,297 shares of the stock were exchanged, compared to its average volume of 587,671. Mercury Systems has a fifty-two week low of $25.31 and a fifty-two week high of $43.33. The company has a current ratio of 4.07, a quick ratio of 2.64 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average of $36.09 and a 200 day moving average of $33.22. The firm has a market capitalization of $2.54 billion, a P/E ratio of -17.52 and a beta of 0.71.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.32. The company had revenue of $248.56 million during the quarter, compared to the consensus estimate of $223.80 million. Mercury Systems had a negative net margin of 16.48% and a negative return on equity of 4.92%. Equities analysts anticipate that Mercury Systems will post -0.52 EPS for the current year.

Insiders Place Their Bets

In related news, Director Debora A. Plunkett sold 1,843 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $38.07, for a total transaction of $70,163.01. Following the completion of the transaction, the director now owns 11,339 shares in the company, valued at approximately $431,675.73. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Debora A. Plunkett sold 1,843 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $38.07, for a total transaction of $70,163.01. Following the transaction, the director now owns 11,339 shares of the company’s stock, valued at approximately $431,675.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William L. Ballhaus sold 6,549 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $39.49, for a total transaction of $258,620.01. Following the completion of the sale, the chief executive officer now owns 353,481 shares of the company’s stock, valued at $13,958,964.69. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,099 shares of company stock worth $865,740. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Mercury Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Westwood Holdings Group Inc. boosted its holdings in Mercury Systems by 14.7% in the first quarter. Westwood Holdings Group Inc. now owns 1,554,166 shares of the technology company’s stock worth $45,848,000 after acquiring an additional 199,600 shares in the last quarter. Roubaix Capital LLC acquired a new position in Mercury Systems during the second quarter worth about $3,684,000. Jane Street Group LLC grew its holdings in Mercury Systems by 102.6% in the 1st quarter. Jane Street Group LLC now owns 257,514 shares of the technology company’s stock valued at $7,597,000 after buying an additional 130,396 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Mercury Systems during the 2nd quarter valued at approximately $3,079,000. Finally, Clearline Capital LP lifted its position in Mercury Systems by 18.4% in the second 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 during the last quarter. 95.99% of the stock is owned by institutional investors.

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.