Piper Sandler upgraded shares of Mercury Systems (NASDAQ:MRCY – Free Report) to a strong-buy rating in a report published on Wednesday morning,Zacks.com reports.
Several other research firms also recently weighed in on MRCY. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mercury Systems in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft cut Mercury Systems to a “hold” rating in a research note on Wednesday. Jefferies Financial Group restated a “hold” rating and set a $115.00 price objective on shares of Mercury Systems in a report on Friday, July 10th. The Goldman Sachs Group lifted their target price on Mercury Systems from $60.00 to $68.00 and gave the company a “sell” rating in a research report on Monday, May 11th. Finally, Canaccord Genuity Group increased their price target on Mercury Systems from $102.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $102.00.
Check Out Our Latest Analysis on Mercury Systems
Mercury Systems Trading Up 2.3%
Insiders Place Their Bets
In other Mercury Systems news, Director Howard L. Lance sold 9,250 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $99.76, for a total transaction of $922,780.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Mercury Systems
Hedge funds have recently made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Mercury Systems in the second quarter valued at about $52,000. Leonteq Securities AG purchased a new stake in shares of Mercury Systems during the fourth quarter valued at about $35,000. Hollencrest Capital Management bought a new stake in shares of Mercury Systems in the 4th quarter valued at about $37,000. Osaic Holdings Inc. boosted its holdings in shares of Mercury Systems by 53.2% in the 2nd quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock valued at $32,000 after buying an additional 208 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in shares of Mercury Systems by 53.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 653 shares of the technology company’s stock worth $48,000 after buying an additional 228 shares during the last quarter. 95.99% of the stock is currently owned by hedge funds and other institutional investors.
About Mercury Systems
Mercury Systems, Inc (NASDAQ: MRCY) is a technology company that designs, manufactures and markets secure processing subsystems for aerospace and defense applications. The company’s products are built to address the stringent security, safety and reliability requirements of mission-critical programs, with a focus on radar, electronic warfare, intelligence and other sensor and processing functions. Mercury’s offerings encompass rugged embedded computing modules, high-performance radio frequency (RF) and microwave components, digital signal processing subsystems and secure networking solutions.
Since its origins in advanced signal processing, Mercury Systems has expanded its capabilities through a combination of internal development and targeted acquisitions.
Featured Stories
- Five stocks we like better than Mercury Systems
- Franco-Nevada Earnings: Gold Is Rallying, But Does the Stock Even Care?
- GE Vernova’s AI Power Boom Faces a Profit Test
- Cardinal Health Earnings: Can Perfection Get Priced In Twice?
- Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand
Receive News & Ratings for Mercury Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercury Systems and related companies with MarketBeat.com's FREE daily email newsletter.
