Mercury Systems (NASDAQ:MRCY) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Mercury Systems (NASDAQ:MRCY - Free Report) had its price target lifted by The Goldman Sachs Group from $30.00 to $33.00 in a report published on Monday,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the technology company's stock.

Other equities research analysts have also recently issued research reports about the stock. Truist Financial upgraded shares of Mercury Systems from a "hold" rating to a "buy" rating and raised their target price for the stock from $49.00 to $56.00 in a report on Thursday, March 13th. Baird R W upgraded shares of Mercury Systems from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Royal Bank of Canada raised their target price on shares of Mercury Systems from $48.00 to $50.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Finally, Robert W. Baird upgraded shares of Mercury Systems from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $37.00 to $58.00 in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Mercury Systems has an average rating of "Hold" and a consensus price target of $46.71.

Mercury Systems Stock Up 0.6%

Shares of MRCY traded up $0.27 on Monday, hitting $46.14. 392,523 shares of the stock traded hands, compared to its average volume of 578,996. The company has a market capitalization of $2.76 billion, a PE ratio of -29.58 and a beta of 0.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.36 and a current ratio of 3.62. The business has a 50 day simple moving average of $46.41 and a 200 day simple moving average of $43.24. Mercury Systems has a one year low of $26.48 and a one year high of $52.25.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $211.36 million during the quarter, compared to the consensus estimate of $204.25 million. Mercury Systems had a negative net margin of 10.23% and a negative return on equity of 2.03%. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.26) earnings per share. As a group, equities analysts forecast that Mercury Systems will post -0.08 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Stuart Kupinsky sold 2,377 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $104,873.24. Following the transaction, the executive vice president now directly owns 62,834 shares in the company, valued at $2,772,236.08. The trade was a 3.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Douglas Munro sold 595 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $26,251.40. Following the sale, the chief accounting officer now owns 14,572 shares of the company's stock, valued at $642,916.64. This represents a 3.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 97,358 shares of company stock valued at $4,498,895 in the last 90 days. Company insiders own 1.60% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MRCY. Neo Ivy Capital Management purchased a new stake in Mercury Systems during the 4th quarter valued at approximately $33,000. GAMMA Investing LLC boosted its position in shares of Mercury Systems by 59.6% during the first quarter. GAMMA Investing LLC now owns 1,058 shares of the technology company's stock worth $46,000 after acquiring an additional 395 shares during the last quarter. Fifth Third Bancorp grew its stake in Mercury Systems by 53.8% during the first quarter. Fifth Third Bancorp now owns 1,290 shares of the technology company's stock valued at $56,000 after acquiring an additional 451 shares in the last quarter. Sterling Capital Management LLC grew its stake in Mercury Systems by 762.6% during the fourth quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company's stock valued at $69,000 after acquiring an additional 1,449 shares in the last quarter. Finally, Nkcfo LLC bought a new stake in Mercury Systems in the 1st quarter valued at $72,000. 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.