Mercury Systems (NASDAQ:MRCY) Given “Overweight” Rating at Piper Sandler

Piper Sandler reissued their overweight rating on shares of Mercury Systems (NASDAQ:MRCY) in a research note released on Wednesday,Benzinga reports. The brokerage currently has a $107.00 price target on the technology company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Guggenheim started coverage on shares of Mercury Systems in a research note on Monday, September 14th. They set a “buy” rating and a $115.00 price objective on the stock. Royal Bank Of Canada decreased their target price on shares of Mercury Systems from $120.00 to $105.00 and set an “outperform” rating for the company in a research note on Wednesday, October 28th. Deutsche Bank cut shares of Mercury Systems to a “hold” rating in a research note on Wednesday, August 12th. Weiss Ratings lowered shares of Mercury Systems from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, September 28th. Finally, Robert W. Baird raised their price target on shares of Mercury Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $108.00.

Mercury Systems Stock Performance

NASDAQ MRCY opened at $88.33 on Wednesday. The firm has a market capitalization of $5.38 billion, a P/E ratio of -1,104.12 and a beta of 0.98. The stock has a 50-day simple moving average of $80.22 and a two-hundred day simple moving average of $90.94. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 2.96. Mercury Systems has a fifty-two week low of $64.37 and a fifty-two week high of $128.45.

Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, November 10th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.30 by $0.22. The firm had revenue of $253.15 million for the quarter, compared to analyst estimates of $245.00 million. Mercury Systems had a positive return on equity of 2.55% and a negative net margin of 0.40%. Mercury Systems’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the company earned $0.26 earnings per share. On average, equities analysts forecast that Mercury Systems will post 0.91 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO William Ballhaus sold 111,076 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $87.12, for a total value of $9,676,941.12. Following the completion of the transaction, the chief executive officer directly owned 342,436 shares of the company’s stock, valued at approximately $29,833,024.32. This represents a 24.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Farnsworth sold 8,155 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $100.31, for a total value of $818,028.05. Following the completion of the transaction, the executive vice president owned 124,579 shares in the company, valued at $12,496,519.49. The trade was a 6.14% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 452,186 shares of company stock valued at $41,933,170 in the last three months. Insiders own 0.99% of the company’s stock.

Institutional Investors Weigh In On Mercury Systems

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Mercury Systems during the 2nd quarter valued at about $1,146,342,000. Wellington Management Group LLP boosted its holdings in shares of Mercury Systems by 2.6% during the 2nd quarter. Wellington Management Group LLP now owns 775,502 shares of the technology company’s stock worth $94,867,000 after purchasing an additional 19,977 shares during the last quarter. Bamco Inc. NY purchased a new stake in shares of Mercury Systems in the second quarter valued at approximately $74,244,000. Segall Bryant & Hamill LLC grew its position in shares of Mercury Systems by 46.9% in the first quarter. Segall Bryant & Hamill LLC now owns 934,824 shares of the technology company’s stock valued at $68,158,000 after purchasing an additional 298,298 shares in the last quarter. Finally, American Capital Management Inc. purchased a new stake in shares of Mercury Systems in the second quarter valued at approximately $59,460,000. 95.99% of the stock is currently owned by institutional investors and hedge funds.

Latest Mercury Systems News

Here’s some of the latest news about MRCY:

• Positive Sentiment: Mercury reported fiscal Q1 adjusted earnings of $0.52 per share and revenue of $253.2 million, beating analyst estimates; revenue rose 12.4% year over year. Stronger-than-expected results and gross margins are supporting sentiment. RBC analysis
• Neutral Sentiment: The company’s FY2027 revenue guidance is $1.1 billion, in line with consensus. Reports also describe an improved full-year outlook, but the revenue forecast itself is not a clear upside surprise. FY2027 outlook
• Negative Sentiment: Broader defense-sector concerns weighed on the shares around the earnings release, tempering the positive reaction to the results. Defense-sector concerns

Mercury Systems Company Profile

Mercury Systems, Inc. develops and supplies secure processing systems and subsystems for the aerospace and defense industries. Its products include embedded computing, signal processing, radio-frequency and microwave components, and other technologies used to process and manage critical data. The company’s technologies support applications such as radar, electronic warfare, communications, avionics, and command-and-control systems. Mercury works with defense contractors and government customers, providing components and systems designed for use in demanding environments.