Jefferies Financial Group Upgrades Mercury Systems (NASDAQ:MRCY) to “Hold”

Mercury Systems (NASDAQ:MRCY) was upgraded by analysts at Jefferies Financial Group from an “underperform” rating to a “hold” rating in a research report issued to clients and investors on Monday, MarketBeat reports. The brokerage currently has a $42.00 price target on the technology company’s stock, up from their prior price target of $30.00. Jefferies Financial Group’s target price indicates a potential downside of 3.76% from the stock’s previous close.

MRCY has been the subject of several other reports. Robert W. Baird boosted 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. Alembic Global Advisors upgraded Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price target on the stock in a research report on Monday, August 19th. Royal Bank of Canada lifted their price objective on shares of Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. upped their price objective on shares of Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Truist Financial boosted their price objective on Mercury Systems from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $35.50.

Mercury Systems Stock Performance

NASDAQ MRCY opened at $43.64 on Monday. The stock has a market cap of $2.60 billion, a PE ratio of -21.42 and a beta of 0.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.64 and a current ratio of 4.10. The firm has a 50-day moving average of $36.30 and a 200-day moving average of $33.51. Mercury Systems has a 52-week low of $25.31 and a 52-week high of $44.47.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.32. Mercury Systems had a negative net margin of 13.80% and a negative return on equity of 3.96%. The firm had revenue of $248.56 million during the quarter, compared to the consensus estimate of $223.80 million. On average, sell-side analysts anticipate that Mercury Systems will post -0.52 EPS for the current year.

Insider Activity

In related news, COO Charles Roger Iv Wells sold 1,346 shares of Mercury Systems stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $39.49, for a total value of $53,153.54. Following the transaction, the chief operating officer now directly owns 130,408 shares of the company’s stock, valued at $5,149,811.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Stephanie Georges sold 1,340 shares of Mercury Systems stock in a transaction dated Monday, August 19th. The stock was 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 of the company’s stock, valued at approximately $1,273,907.91. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $53,153.54. Following the sale, the chief operating officer now owns 130,408 shares in the company, valued at approximately $5,149,811.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,099 shares of company stock valued at $865,740. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Mercury Systems

Several large investors have recently modified their holdings of the stock. Signaturefd LLC boosted its stake in Mercury Systems by 144.0% during the third quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock worth $25,000 after acquiring an additional 393 shares in the last quarter. Nisa Investment Advisors LLC boosted 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 purchasing an additional 1,070 shares in the last quarter. Covestor Ltd grew its stake in shares of 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 buying an additional 620 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its position in Mercury Systems by 216.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,373 shares of the technology company’s stock valued at $64,000 after buying an additional 1,622 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in Mercury Systems during the 2nd quarter worth approximately $81,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

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.