Analysts Set Mercury Systems Inc (NASDAQ:MRCY) Target Price at $110.10

Shares of Mercury Systems Inc (NASDAQ:MRCY) have earned an average rating of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $110.5455.

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft downgraded Mercury Systems to a “hold” rating in a report on Wednesday, August 12th. Canaccord Genuity Group lifted their price objective on Mercury Systems from $106.00 to $128.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Wall Street Zen downgraded Mercury Systems from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Jefferies Financial Group reissued a “hold” rating and issued a $115.00 target price on shares of Mercury Systems in a research report on Friday, July 10th. Finally, Weiss Ratings upgraded shares of Mercury Systems from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 24th.

Insider Activity at Mercury Systems

In other news, EVP Stuart Kupinsky sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $95.23, for a total transaction of $95,230.00. Following the completion of the transaction, the executive vice president directly owned 56,352 shares of the company’s stock, valued at $5,366,400.96. The trade was a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Steven Ratner sold 4,000 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $84.51, for a total transaction of $338,040.00. Following the transaction, the executive vice president owned 19,275 shares in the company, valued at approximately $1,628,930.25. This trade represents a 17.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 450,186 shares of company stock valued at $41,770,650. Insiders own 1.40% of the company’s stock.

Institutional Trading of Mercury Systems

Several large investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new position in shares of Mercury Systems during the 2nd quarter valued at about $87,000. IFP Advisors Inc increased its holdings in Mercury Systems by 250.8% in the 2nd quarter. IFP Advisors Inc now owns 463 shares of the technology company’s stock worth $57,000 after acquiring an additional 331 shares in the last quarter. Nykredit A S purchased a new stake in Mercury Systems in the 2nd quarter worth approximately $265,000. Corient Private Wealth LP raised its stake in Mercury Systems by 92.4% during the 2nd quarter. Corient Private Wealth LP now owns 11,338 shares of the technology company’s stock worth $1,387,000 after acquiring an additional 5,446 shares during the period. Finally, HB Wealth Management LLC bought a new stake in Mercury Systems during the 2nd quarter worth approximately $376,000. Institutional investors own 95.99% of the company’s stock.

Mercury Systems Price Performance

Shares of NASDAQ MRCY opened at $87.01 on Friday. Mercury Systems has a twelve month low of $65.04 and a twelve month high of $128.45. The firm has a market cap of $5.23 billion, a P/E ratio of -174.02 and a beta of 0.98. The company has a 50 day moving average of $97.15 and a 200 day moving average of $94.84. The company has a quick ratio of 1.85, a current ratio of 2.96 and a debt-to-equity ratio of 0.29.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, August 18th. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $289.78 million for the quarter, compared to analysts’ expectations of $266.09 million. Mercury Systems had a negative net margin of 3.02% and a positive return on equity of 1.29%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.47 earnings per share. As a group, research analysts expect that Mercury Systems will post 0.91 EPS for the current fiscal year.

Mercury Systems Company Profile

Mercury Systems, Inc is a technology company that develops and manufactures secure, high-performance computing and sensor-processing solutions for the aerospace and defense industries. Its products are designed for use in mission-critical applications where ruggedness, rapid data processing, cybersecurity and long operational life are essential.

The company’s offerings include embedded computing systems, digital signal processing technologies, radio-frequency and microwave components, avionics systems, sensor-processing solutions, electronic warfare technology and secure communications products.