Fintel reports that on August 16, 2023, JP Morgan maintained coverage of Mercury Systems (NASDAQ:MRCY) with a Neutral recommendation.
Analyst Price Forecast Suggests 29.99% Upside
As of August 2, 2023, the average one-year price target for Mercury Systems is 43.99. The forecasts range from a low of 30.30 to a high of $64.05. The average price target represents an increase of 29.99% from its latest reported closing price of 33.84.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Mercury Systems is 1,133MM, an increase of 16.34%. The projected annual non-GAAP EPS is 2.42.
What is the Fund Sentiment?
There are 577 funds or institutions reporting positions in Mercury Systems. This is a decrease of 23 owner(s) or 3.83% in the last quarter. Average portfolio weight of all funds dedicated to MRCY is 0.25%, a decrease of 1.74%. Total shares owned by institutions decreased in the last three months by 3.80% to 70,377K shares. 
The put/call ratio of MRCY is 0.40, indicating a bullish outlook.
What are Other Shareholders Doing?
William Blair Investment Management holds 5,373K shares representing 9.23% ownership of the company. In it's prior filing, the firm reported owning 5,348K shares, representing an increase of 0.45%. The firm decreased its portfolio allocation in MRCY by 37.45% over the last quarter.
Jana Partners holds 4,395K shares representing 7.55% ownership of the company. In it's prior filing, the firm reported owning 1,993K shares, representing an increase of 54.64%. The firm increased its portfolio allocation in MRCY by 47.27% over the last quarter.
Starboard Value holds 3,772K shares representing 6.48% ownership of the company. No change in the last quarter.
Conestoga Capital Advisors holds 2,476K shares representing 4.25% ownership of the company. In it's prior filing, the firm reported owning 2,506K shares, representing a decrease of 1.22%. The firm decreased its portfolio allocation in MRCY by 36.64% over the last quarter.
Wellington Management Group Llp holds 2,261K shares representing 3.88% ownership of the company. In it's prior filing, the firm reported owning 2,242K shares, representing an increase of 0.82%. The firm decreased its portfolio allocation in MRCY by 90.81% over the last quarter.
Mercury Systems Background Information
(This description is provided by the company.)
Mercury Systems is a leading technology company serving the aerospace and defense industry, positioned at the intersection of high-tech and defense. Headquartered in Andover, Mass., the Company delivers solutions that power a broad range of aerospace and defense programs, optimized for mission success in some of the most challenging and demanding environments. The Company envisions, creates and delivers innovative technology solutions purpose-built to meet customers' most-pressing high-tech needs, including those specific to the defense community.
Additional reading:
- 50 Minuteman Road, Andover, Massachusetts 01810 U.S.A. | +1-(978)-256-1300 | www.mrcy.com | twitter: @MRCY
- Employment Agreement, dated August 15, 2023, between the Company and William L. Ballhaus
- Mercury Systems Names Bill Ballhaus as President and CEO ANDOVER, Mass. – August 15, 2023 – Mercury Systems, Inc. (the “Company” or “Mercury”) (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers processing power for the most demanding ae
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