Mercury Systems (NASDAQ:MRCY – Get Free Report)‘s stock had its “overweight” rating reissued by stock analysts at Piper Sandler in a report released on Wednesday, Marketbeat Ratings reports. They presently have a $131.00 price target on the technology company’s stock, up from their prior price target of $126.00. Piper Sandler’s price objective would suggest a potential upside of 24.76% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. Jefferies Financial Group restated a “hold” rating and set a $115.00 target price on shares of Mercury Systems in a research report on Friday, July 10th. Canaccord Genuity Group lifted their price target on shares of Mercury Systems from $102.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Robert W. Baird boosted their price target on shares of Mercury Systems from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Mercury Systems from $99.00 to $101.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Mercury Systems in a report on Friday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $105.30.
Get Our Latest Research Report on MRCY
Mercury Systems Stock Down 7.4%
Mercury Systems (NASDAQ:MRCY – Get Free Report) last posted its quarterly earnings results on Tuesday, August 18th. The technology company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). Mercury Systems had a positive return on equity of 2.22% and a negative net margin of 1.46%.The business had revenue of $289.78 million during the quarter, compared to the consensus estimate of $266.09 million. During the same quarter in the previous year, the company earned $0.47 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. Research analysts predict that Mercury Systems will post 0.33 EPS for the current fiscal year.
Insider Buying and Selling at Mercury Systems
In related news, Director Howard L. Lance sold 9,250 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $99.76, for a total value of $922,780.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.
Hedge Funds Weigh In On Mercury Systems
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Mercury Systems in the 2nd quarter worth about $1,146,342,000. State Street Corp lifted its holdings in shares of Mercury Systems by 12.1% in the 4th quarter. State Street Corp now owns 3,423,600 shares of the technology company’s stock valued at $249,957,000 after acquiring an additional 368,242 shares during the last quarter. Invesco Ltd. grew its position in Mercury Systems by 25.1% in the fourth quarter. Invesco Ltd. now owns 1,910,742 shares of the technology company’s stock worth $139,503,000 after acquiring an additional 383,299 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in Mercury Systems by 1.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,542,851 shares of the technology company’s stock worth $112,644,000 after acquiring an additional 21,182 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Mercury Systems by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 1,368,659 shares of the technology company’s stock worth $99,940,000 after acquiring an additional 47,174 shares during the last quarter. 95.99% of the stock is owned by hedge funds and other institutional investors.
Key Mercury Systems News
Here are the key news stories impacting Mercury Systems this week:
- Positive Sentiment: Demand indicators were exceptionally strong. Fourth-quarter bookings reached a record $660 million, up 93.1% year over year, producing a 2.28 book-to-bill ratio. Backlog exceeded $1.9 billion, an increase of approximately 38.4%, supporting future revenue visibility. Mercury Systems Reports Fourth Quarter and Fiscal 2026 Results
- Positive Sentiment: Fourth-quarter revenue rose 6.1% to approximately $290 million, exceeding the roughly $266 million analyst estimate. Fiscal 2026 revenue increased to $984 million from $912 million, while the company indicated stronger organic growth expectations.
- Neutral Sentiment: Management reported fiscal 2026 adjusted EBITDA of $49 million for the quarter, a 16.7% margin, and $29 million of quarterly free cash flow. However, full-year operating and free cash flow were below fiscal 2025 levels, tempering the benefit of the strong order pipeline. Mercury Systems Q4 2026 Earnings Call Transcript
- Negative Sentiment: Profitability disappointed investors. Adjusted EPS was $0.37, below the $0.38 consensus cited by some data providers and down from $0.47 a year earlier. GAAP EPS fell to approximately $0.01 from $0.27, and fiscal 2026 ended with a $29.7 million GAAP net loss. The weaker earnings quality and lower cash generation appear to have driven the selloff despite record bookings. Mercury Systems drops as Q4 EPS miss overshadows record bookings
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.
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