Mercury Systems (NASDAQ:MRCY) Stock Price Expected to Rise, Truist Financial Analyst Says

Mercury Systems (NASDAQ:MRCY) had its price objective boosted by analysts at Truist Financial from $35.00 to $44.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the technology company’s stock. Truist Financial’s price objective indicates a potential upside of 1.66% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Jefferies Financial Group upgraded Mercury Systems from an “underperform” rating to a “hold” rating and lifted their price target for the company from $30.00 to $42.00 in a research note on Monday, November 11th. Finally, StockNews.com upgraded Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Mercury Systems has an average rating of “Hold” and an average target price of $38.14.

Mercury Systems Price Performance

Shares of NASDAQ MRCY opened at $43.28 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.10 and a quick ratio of 2.59. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of -21.11 and a beta of 0.78. The firm’s 50 day simple moving average is $40.80 and its 200-day simple moving average is $37.15. Mercury Systems has a 12 month low of $25.31 and a 12 month high of $44.63.

Insider Buying and Selling

In related news, COO Charles Roger Iv Wells sold 1,527 shares of the company’s 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 sale, the chief operating officer now owns 113,488 shares of the company’s stock, valued at approximately $4,403,334.40. This represents a 1.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC lifted its position 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 buying an additional 393 shares in the last quarter. nVerses Capital LLC boosted its position in shares of Mercury Systems by 16.7% during the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the technology company’s stock valued at $130,000 after acquiring an additional 500 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Mercury Systems by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock valued at $62,000 after purchasing an additional 503 shares during the period. Covestor Ltd increased its position in Mercury Systems by 41.2% during the third quarter. Covestor Ltd now owns 2,124 shares of the technology company’s stock worth $78,000 after purchasing an additional 620 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in Mercury Systems by 13.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 5,826 shares of the technology company’s stock worth $217,000 after purchasing an additional 695 shares during the period. 95.99% of the stock is currently owned by institutional investors and hedge funds.

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.