Mercury Systems Inc (NASDAQ:MRCY) has received an average rating of “Buy” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $50.00.

MRCY has been the subject of a number of analyst reports. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a report on Thursday, October 26th. SunTrust Banks reaffirmed a “buy” rating on shares of Mercury Systems in a report on Friday, October 20th. Robert W. Baird increased their price target on shares of Mercury Systems from $48.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Finally, Zacks Investment Research downgraded shares of Mercury Systems from a “hold” rating to a “sell” rating in a report on Thursday, September 14th.

Shares of Mercury Systems (MRCY) traded down $0.94 during trading hours on Thursday, hitting $48.12. 601,539 shares of the company were exchanged, compared to its average volume of 408,192. Mercury Systems has a 1 year low of $29.31 and a 1 year high of $54.49. The company has a market cap of $2,320.00, a P/E ratio of 55.02, a price-to-earnings-growth ratio of 4.25 and a beta of 0.23.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.11. Mercury Systems had a net margin of 9.14% and a return on equity of 6.51%. The firm had revenue of $106.10 million during the quarter, compared to the consensus estimate of $105.18 million. During the same quarter last year, the firm earned $0.22 EPS. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. equities research analysts predict that Mercury Systems will post 1.08 EPS for the current year.

In other Mercury Systems news, CFO Gerald M. Haines II sold 2,500 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $51.94, for a total value of $129,850.00. Following the completion of the sale, the chief financial officer now owns 220,760 shares of the company’s stock, valued at $11,466,274.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark Aslett sold 4,800 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $49.92, for a total transaction of $239,616.00. Following the completion of the sale, the chief executive officer now directly owns 509,782 shares of the company’s stock, valued at approximately $25,448,317.44. The disclosure for this sale can be found here. In the last three months, insiders sold 50,500 shares of company stock valued at $2,578,949. 3.50% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Mercury Systems by 4.6% in the second quarter. Vanguard Group Inc. now owns 4,118,060 shares of the technology company’s stock worth $173,329,000 after purchasing an additional 180,028 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Mercury Systems by 2.8% during the third quarter. Wells Fargo & Company MN now owns 2,292,917 shares of the technology company’s stock worth $118,956,000 after acquiring an additional 62,496 shares during the period. State Street Corp increased its position in shares of Mercury Systems by 13.2% during the second quarter. State Street Corp now owns 1,684,565 shares of the technology company’s stock worth $70,906,000 after acquiring an additional 196,075 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Mercury Systems by 5.1% during the second quarter. Goldman Sachs Group Inc. now owns 1,293,723 shares of the technology company’s stock worth $54,453,000 after acquiring an additional 62,547 shares during the period. Finally, Bamco Inc. NY increased its position in shares of Mercury Systems by 8.9% during the third quarter. Bamco Inc. NY now owns 1,226,000 shares of the technology company’s stock worth $63,605,000 after acquiring an additional 100,000 shares during the period. 96.38% of the stock is owned by institutional investors and hedge funds.

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Mercury Systems Company Profile

Mercury Systems, Inc is a commercial provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. Its technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.

Analyst Recommendations for Mercury Systems (NASDAQ:MRCY)

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