Fintel reports that on February 5, 2025, Baird upgraded their outlook for Mercury Systems (NasdaqGS:MRCY) from Neutral to Outperform.
Analyst Price Forecast Suggests 15.45% Downside
As of January 29, 2025, the average one-year price target for Mercury Systems is $35.59/share. The forecasts range from a low of $20.20 to a high of $46.20. The average price target represents a decrease of 15.45% from its latest reported closing price of $42.09 / share.
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The projected annual revenue for Mercury Systems is 1,205MM, an increase of 40.33%. The projected annual non-GAAP EPS is 2.79.
What is the Fund Sentiment?
There are 520 funds or institutions reporting positions in Mercury Systems. This is an increase of 2 owner(s) or 0.39% in the last quarter. Average portfolio weight of all funds dedicated to MRCY is 0.19%, an increase of 12.57%. Total shares owned by institutions increased in the last three months by 7.14% to 82,054K shares. 
The put/call ratio of MRCY is 1.04, indicating a bearish outlook.
What are Other Shareholders Doing?
William Blair Investment Management holds 7,300K shares representing 12.24% ownership of the company. In its prior filing, the firm reported owning 6,416K shares , representing an increase of 12.10%. The firm increased its portfolio allocation in MRCY by 46.67% over the last quarter.
JANA Partners Management holds 6,942K shares representing 11.64% ownership of the company. In its prior filing, the firm reported owning 6,925K shares , representing an increase of 0.24%. The firm increased its portfolio allocation in MRCY by 21.96% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 3,221K shares representing 5.40% ownership of the company. In its prior filing, the firm reported owning 3,377K shares , representing a decrease of 4.86%. The firm increased its portfolio allocation in MRCY by 17.33% over the last quarter.
Conestoga Capital Advisors holds 2,073K shares representing 3.48% ownership of the company. In its prior filing, the firm reported owning 1,329K shares , representing an increase of 35.87%. The firm increased its portfolio allocation in MRCY by 72.90% over the last quarter.
Victory Capital Management holds 1,765K shares representing 2.96% ownership of the company. In its prior filing, the firm reported owning 1,814K shares , representing a decrease of 2.74%. The firm increased its portfolio allocation in MRCY by 28.22% 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.
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This story originally appeared on Fintel.
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