Mercury Systems (NASDAQ:MRCY) Price Target Increased to $36.00 by Analysts at JPMorgan Chase & Co.

Mercury Systems (NASDAQ:MRCY) had its price objective lifted by JPMorgan Chase & Co. from $26.00 to $36.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have a neutral rating on the technology company’s stock.

MRCY has been the topic of several other research reports. Alembic Global Advisors raised shares of Mercury Systems from a neutral rating to an overweight rating and set a $48.00 price target on the stock in a report on Monday, August 19th. Truist Financial boosted their price target on shares of Mercury Systems from $26.00 to $31.00 and gave the company a hold rating in a report on Wednesday, August 14th. Royal Bank of Canada boosted their price target on shares of Mercury Systems from $30.00 to $35.00 and gave the company a sector perform rating in a report on Wednesday, August 14th. Robert W. Baird boosted their price target on shares of Mercury Systems from $26.00 to $37.00 and gave the company a neutral rating in a report on Wednesday, August 14th. Finally, StockNews.com downgraded shares of Mercury Systems from a hold rating to a sell rating in a research note on Monday, September 2nd. Four 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $33.50.

Mercury Systems Trading Down 3.1 %

Shares of MRCY stock opened at $36.40 on Thursday. Mercury Systems has a 1 year low of $25.31 and a 1 year high of $42.72. The firm’s fifty day simple moving average is $34.68 and its 200 day simple moving average is $31.08. The firm has a market capitalization of $2.16 billion, a P/E ratio of -15.49 and a beta of 0.69. The company has a current ratio of 4.07, a quick ratio of 2.64 and a debt-to-equity ratio of 0.40.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings results on Tuesday, August 13th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.32. The firm had revenue of $248.56 million for the quarter, compared to analyst estimates of $223.80 million. Mercury Systems had a negative net margin of 16.48% and a negative return on equity of 4.92%. As a group, sell-side analysts predict that Mercury Systems will post -0.48 EPS for the current year.

Insider Buying and Selling

In related news, COO Charles Roger Iv Wells sold 1,346 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $39.49, for a total transaction of $53,153.54. Following the transaction, the chief operating officer now owns 130,408 shares in the company, valued at approximately $5,149,811.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, COO Charles Roger Iv Wells sold 1,346 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $39.49, for a total transaction of $53,153.54. Following the transaction, the chief operating officer now owns 130,408 shares in the company, valued at approximately $5,149,811.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO David E. Farnsworth sold 6,716 shares of the company’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 $265,214.84. Following the transaction, the chief financial officer now owns 140,778 shares in the company, valued at approximately $5,559,323.22. The disclosure for this sale can be found here. Insiders have sold a total of 20,187 shares of company stock worth $792,982 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Sei Investments Co. lifted its position in Mercury Systems by 27.0% during the 1st quarter. Sei Investments Co. now owns 216,956 shares of the technology company’s stock valued at $6,400,000 after purchasing an additional 46,132 shares during the period. Jane Street Group LLC lifted its position in Mercury Systems by 102.6% during the 1st quarter. Jane Street Group LLC now owns 257,514 shares of the technology company’s stock valued at $7,597,000 after purchasing an additional 130,396 shares during the period. Norges Bank acquired a new position in Mercury Systems during the 4th quarter valued at about $13,294,000. Natixis acquired a new position in Mercury Systems during the 1st quarter valued at about $693,000. Finally, Van ECK Associates Corp lifted its position in Mercury Systems by 258.7% during the 1st quarter. Van ECK Associates Corp now owns 112,813 shares of the technology company’s stock valued at $3,328,000 after purchasing an additional 81,364 shares during the period. 95.99% of the stock is currently owned by institutional investors and hedge funds.

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.