Mercury Systems (NASDAQ:MRCY) Stock Rating Upgraded by Piper Sandler

Mercury Systems (NASDAQ:MRCY) was upgraded by Piper Sandler to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other brokerages have also recently issued reports on MRCY. Weiss Ratings restated a “sell (d-)” rating on shares of Mercury Systems in a report on Friday, July 17th. Canaccord Genuity Group upped their price target on Mercury Systems from $102.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft lowered shares of Mercury Systems to a “hold” rating in a research note on Wednesday. Truist Financial upgraded shares of Mercury Systems to a “strong-buy” rating in a report on Friday, May 1st. Finally, Zacks Research downgraded shares of Mercury Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and two have given 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.

Mercury Systems Stock Up 2.3%

Shares of Mercury Systems stock opened at $111.64 on Wednesday. The business has a fifty day simple moving average of $108.92 and a 200 day simple moving average of $94.57. The stock has a market cap of $6.70 billion, a PE ratio of -465.17 and a beta of 0.95. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.40. Mercury Systems has a 12 month low of $62.78 and a 12 month high of $128.45.

Insider Transactions at Mercury Systems

In other Mercury Systems news, Director Howard L. Lance sold 9,250 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $99.76, for a total transaction of $922,780.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Mercury Systems during the second quarter worth $52,000. Leonteq Securities AG acquired a new position in Mercury Systems in the 4th quarter worth $35,000. Hollencrest Capital Management bought a new position in Mercury Systems during the 4th quarter worth about $37,000. Osaic Holdings Inc. raised its stake 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 purchasing an additional 208 shares during the period. Finally, Rockefeller Capital Management L.P. raised its stake 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 valued at $48,000 after purchasing an additional 228 shares during the period. Institutional investors and hedge funds own 95.99% of the company’s stock.

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.