2 weeks Ago By ABMN Staff
StockNews.com upgraded shares of Mercury Systems ( NASDAQ:MRCY – Free Report ) from a sell rating to a hold rating in a report released on Friday. A number of other analysts have also issued reports on MRCY.
Truist Financial lifted their target price on Mercury Systems from $26.00 to $31.00 and gave the stock a hold rating in a research report on Wednesday, August 14th.
JPMorgan Chase & Co. lifted their target price on Mercury Systems from $26.00 to $36.
00 and gave the stock a neutral rating in a research report on Thursday, September 5th. Alembic Global Advisors raised Mercury Systems from a neutral rating to an overweight rating and set a $48.00 target price on the stock in a research report on Monday, August 19th.
Robert W. Baird lifted their target price on Mercury Systems from $26.00 to $37.
00 and gave the stock a neutral rating in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada lifted their target price on Mercury Systems from $30.00 to $35.
00 and gave the stock a sector perform rating in a research report on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and an average price target of $33.
50. Check Out Our Latest Research Report on Mercury Systems Mercury Systems Trading Up 1.4 % Mercury Systems ( NASDAQ:MRCY – Get Free Report ) last issued its quarterly earnings data on Tuesday, August 13th.
The technology company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.
32. The company had revenue of $248.56 million for the quarter, compared to analysts’ expectations of $223.
80 million. Mercury Systems had a negative return on equity of 4.92% and a negative net margin of 16.
48%. Equities analysts forecast that Mercury Systems will post -0.52 earnings per share for the current fiscal year.
Insider Buying and Selling at Mercury Systems In related news, Director Jana Partners Management, Lp bought 13,600 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was bought at an average cost of $37.25 per share, for a total transaction of $506,600.
00. Following the completion of the purchase, the director now directly owns 6,944,633 shares in the company, valued at approximately $258,687,579.25.
The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . In other Mercury Systems news, Director Jana Partners Management, Lp acquired 13,600 shares of Mercury Systems stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average cost of $37.
25 per share, for a total transaction of $506,600.00. Following the completion of the transaction, the director now owns 6,944,633 shares in the company, valued at approximately $258,687,579.
25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . Also, COO Charles Roger Iv Wells sold 1,346 shares of the business’s stock in a transaction that occurred on Monday, August 19th.
The stock was sold at an average price of $39.49, for a total value of $53,153.54.
Following the transaction, the chief operating officer now owns 130,408 shares of the company’s stock, valued at $5,149,811.92. The disclosure for this sale can be found here .
Insiders sold a total of 22,099 shares of company stock worth $865,740 over the last ninety days. Company insiders own 1.80% of the company’s stock.
Hedge Funds Weigh In On Mercury Systems Several hedge funds and other institutional investors have recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Mercury Systems during the second quarter worth approximately $3,079,000. Clearline Capital LP boosted its position in shares of Mercury Systems by 18.
4% during the second 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 period. The Manufacturers Life Insurance Company boosted its position in shares of Mercury Systems by 232.
7% during the second quarter. The Manufacturers Life Insurance Company now owns 29,411 shares of the technology company’s stock worth $794,000 after buying an additional 20,571 shares during the period. Dark Forest Capital Management LP acquired a new position in shares of Mercury Systems during the second quarter worth approximately $526,000.
Finally, Deerfield Management Company L.P. Series C acquired a new position in shares of Mercury Systems during the second quarter worth approximately $285,000.
95.99% of the stock is currently owned by institutional investors and hedge funds. Mercury Systems Company Profile ( Get Free Report ) 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. Read More 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 .
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