Truist Financial Issues Positive Forecast for Mercury Systems (NASDAQ:MRCY) Stock Price

Mercury Systems (NASDAQ:MRCY) had its price objective upped by Truist Financial from $35.00 to $44.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a hold rating on the technology company’s stock.

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

Mercury Systems Stock Up 3.0 %

Mercury Systems stock opened at $43.01 on Tuesday. The company has a 50 day moving average of $40.78 and a 200-day moving average of $37.10. The company has a quick ratio of 2.59, a current ratio of 4.10 and a debt-to-equity ratio of 0.41. Mercury Systems has a twelve month low of $25.31 and a twelve month high of $44.63. The stock has a market capitalization of $2.56 billion, a PE ratio of -20.98 and a beta of 0.78.

Insiders Place Their Bets

In other Mercury Systems news, COO Charles Roger Iv Wells sold 1,527 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $38.80, for a total value of $59,247.60. Following the sale, the chief operating officer now owns 113,488 shares in the company, valued at $4,403,334.40. This represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in Mercury Systems by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,027,158 shares of the technology company’s stock valued at $54,713,000 after purchasing an additional 20,604 shares during the last quarter. Conestoga Capital Advisors LLC raised its position in shares of Mercury Systems by 1.6% in the third quarter. Conestoga Capital Advisors LLC now owns 1,329,265 shares of the technology company’s stock valued at $49,183,000 after purchasing an additional 20,300 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Mercury Systems by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 658,833 shares of the technology company’s stock worth $24,377,000 after buying an additional 9,582 shares during the last quarter. Clearline Capital LP lifted its stake in shares of Mercury Systems by 18.4% during the 2nd quarter. Clearline Capital LP now owns 526,611 shares of the technology company’s stock worth $14,213,000 after buying an additional 81,826 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Mercury Systems by 28.7% during the 2nd quarter. Sei Investments Co. now owns 279,327 shares of the technology company’s stock worth $7,539,000 after buying an additional 62,371 shares during the period. 95.99% of the stock is currently owned by 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.