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

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

A number of other brokerages also recently issued reports on MRCY. Royal Bank of Canada increased their price target on shares of Mercury Systems from $30.00 to $35.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 14th. Alembic Global Advisors upgraded Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price target for the company in a report on Monday, August 19th. Robert W. Baird upped their price target on Mercury Systems from $26.00 to $37.00 and gave the stock a “neutral” 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 note on Saturday, October 5th. Finally, Truist Financial lifted their price objective on Mercury Systems from $26.00 to $31.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Four analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Mercury Systems has an average rating of “Hold” and a consensus price target of $34.00.

Mercury Systems Trading Up 1.8 %

MRCY stock traded up $0.75 during mid-day trading on Thursday, reaching $42.70. 718,297 shares of the stock traded hands, compared to its average volume of 587,671. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.64 and a current ratio of 4.07. The business has a 50-day moving average price of $36.09 and a two-hundred day moving average price of $33.22. Mercury Systems has a one year low of $25.31 and a one year high of $43.33. The stock has a market capitalization of $2.54 billion, a PE ratio of -17.52 and a beta of 0.71.

Mercury Systems (NASDAQ:MRCY) last announced its 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 business had revenue of $248.56 million for the quarter, compared to analysts’ expectations of $223.80 million. Mercury Systems had a negative return on equity of 4.92% and a negative net margin of 16.48%. Equities research analysts expect that Mercury Systems will post -0.52 EPS for the current year.

Insider Transactions at Mercury Systems

In other news, EVP Stephanie Georges sold 1,340 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $39.49, for a total value of $52,916.60. Following the completion of the transaction, the executive vice president now directly owns 32,259 shares in the company, valued at approximately $1,273,907.91. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO William L. Ballhaus sold 6,549 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 353,481 shares in the company, valued at approximately $13,958,964.69. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Stephanie Georges sold 1,340 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $39.49, for a total transaction of $52,916.60. Following the completion of the transaction, the executive vice president now owns 32,259 shares of the company’s stock, valued at $1,273,907.91. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,099 shares of company stock worth $865,740. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Mercury Systems

Hedge funds have recently bought and sold shares of the company. Signaturefd LLC grew its holdings 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 in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Mercury Systems by 1,126.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock worth $31,000 after buying an additional 1,070 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Mercury Systems by 216.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock worth $64,000 after purchasing an additional 1,622 shares in the last quarter. Covestor Ltd grew its position in Mercury Systems by 41.2% during the 3rd quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock worth $78,000 after acquiring an additional 620 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in Mercury Systems during the 2nd quarter worth about $81,000. 95.99% of the stock is owned by hedge funds and other 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.