Mercury Systems (NASDAQ:MRCY) Stock Keeps “Overweight” Rating at Piper Sandler

Mercury Systems (NASDAQ:MRCY)‘s stock had its “overweight” rating restated by analysts at Piper Sandler in a note issued to investors on Wednesday, Benzinga reports. They presently have a $107.00 price objective on the technology company’s stock. Piper Sandler‘s price objective suggests a potential upside of 28.02% from the company’s current price.

Several other analysts also recently commented on MRCY. Royal Bank Of Canada lowered their price objective on Mercury Systems from $120.00 to $105.00 and set an “outperform” rating for the company in a research note on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft cut Mercury Systems to a “hold” rating in a research report on Wednesday, August 12th. Oppenheimer initiated coverage on Mercury Systems in a report on Thursday, October 22nd. They set an “outperform” rating and a $90.00 price target for the company. Weiss Ratings lowered Mercury Systems from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, September 28th. Finally, Robert W. Baird increased their price target on Mercury Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.00.

Mercury Systems Trading Up 5.0%

MRCY opened at $83.58 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.96 and a quick ratio of 1.85. Mercury Systems has a fifty-two week low of $64.37 and a fifty-two week high of $128.45. The firm has a market capitalization of $5.09 billion, a PE ratio of -167.16 and a beta of 0.98. The company’s 50-day moving average is $80.11 and its 200 day moving average is $90.99.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings results on Tuesday, November 10th. The technology company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.22. The business had revenue of $253.15 million for the quarter, compared to analysts’ expectations of $245.00 million. Mercury Systems had a negative net margin of 3.02% and a positive return on equity of 1.29%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 EPS. As a group, research analysts predict that Mercury Systems will post 0.91 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP David E. Farnsworth sold 8,155 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $100.31, for a total transaction of $818,028.05. Following the completion of the sale, the executive vice president directly owned 124,579 shares of the company’s stock, valued at $12,496,519.49. This trade represents a 6.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO William L. Ballhaus sold 111,076 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $87.12, for a total value of $9,676,941.12. Following the sale, the chief executive officer directly owned 342,436 shares of the company’s stock, valued at approximately $29,833,024.32. This represents a 24.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 452,186 shares of company stock worth $41,933,170. 0.99% of the stock is owned by corporate insiders.

Institutional Trading of Mercury Systems

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in Mercury Systems in the second quarter valued at about $1,146,342,000. Bamco Inc. NY purchased a new stake in shares of Mercury Systems during the 2nd quarter worth approximately $74,244,000. American Capital Management Inc. purchased a new stake in shares of Mercury Systems during the 2nd quarter worth approximately $59,460,000. William Blair Investment Management LLC bought a new stake in shares of Mercury Systems in the 2nd quarter worth approximately $46,453,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Mercury Systems in the 2nd quarter worth approximately $38,438,000. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Key Mercury Systems News

Here are the key news stories impacting Mercury Systems this week:

• Positive Sentiment: Mercury reported earnings of $0.52 per share, above estimates of roughly $0.28–$0.30 and up from $0.26 a year earlier. Revenue rose 12.4% year over year to $253.2 million, topping the $245 million estimate. Mercury Systems Reports First Quarter Results
• Positive Sentiment: The company raised its fiscal 2027 outlook; a separate report highlighted stronger defense orders. Higher guidance and demand could help underpin expectations for future growth. Mercury Systems Q1 Swings To Profit; Raises FY27 Outlook Mercury Systems beats estimates as defense orders surge
• Negative Sentiment: Despite the earnings beat, headlines reported that MRCY shares fell and cited broader defense-sector concerns. This suggests sector sentiment may be offsetting some of the positive company-specific news. Defense Sector Concerns Weigh on Mercury Systems Shares Mercury Systems falls despite earnings beat

About Mercury Systems

Mercury Systems, Inc. develops and supplies secure processing systems and subsystems for the aerospace and defense industries. Its products include embedded computing, signal processing, radio-frequency and microwave components, and other technologies used to process and manage critical data. The company’s technologies support applications such as radar, electronic warfare, communications, avionics, and command-and-control systems. Mercury works with defense contractors and government customers, providing components and systems designed for use in demanding environments.