Mercury Systems Inc (NASDAQ:MRCY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Mercury Systems Inc (NASDAQ:MRCY) have been given an average rating of “Moderate Buy” by the ten analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $81.00.

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group assumed coverage on shares of Mercury Systems in a report on Thursday, October 2nd. They issued a “buy” rating and a $88.00 price objective for the company. Zacks Research downgraded shares of Mercury Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Truist Financial boosted their price objective on shares of Mercury Systems from $71.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Wall Street Zen downgraded Mercury Systems from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $100.00 target price on shares of Mercury Systems in a report on Wednesday, November 5th.

Mercury Systems Stock Up 4.6%

Shares of NASDAQ:MRCY opened at $88.74 on Friday. Mercury Systems has a 52-week low of $39.42 and a 52-week high of $91.98. The company has a market capitalization of $5.33 billion, a PE ratio of -155.68, a price-to-earnings-growth ratio of 3.76 and a beta of 0.78. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.31 and a current ratio of 3.37. The company has a fifty day moving average of $73.12 and a 200-day moving average of $68.07.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, June 7th. The technology company reported $0.64 earnings per share for the quarter. Mercury Systems had a positive return on equity of 1.14% and a negative net margin of 3.53%.The company had revenue of $256.86 million for the quarter. On average, equities analysts predict that Mercury Systems will post -0.08 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Debora A. Plunkett sold 1,700 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $73.99, for a total value of $125,783.00. Following the sale, the director directly owned 16,833 shares of the company’s stock, valued at approximately $1,245,473.67. This represents a 9.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Douglas Munro sold 1,329 shares of Mercury Systems stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $73.42, for a total transaction of $97,575.18. Following the transaction, the chief accounting officer directly owned 14,678 shares of the company’s stock, valued at $1,077,658.76. This represents a 8.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,003,029 shares of company stock valued at $75,673,358 over the last ninety days. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its stake in shares of Mercury Systems by 2.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,175 shares of the technology company’s stock valued at $555,000 after purchasing an additional 142 shares during the period. AlphaQuest LLC lifted its stake in Mercury Systems by 41.9% in the third quarter. AlphaQuest LLC now owns 569 shares of the technology company’s stock valued at $44,000 after buying an additional 168 shares during the period. Nisa Investment Advisors LLC lifted its stake in Mercury Systems by 10.3% in the third quarter. Nisa Investment Advisors LLC now owns 1,941 shares of the technology company’s stock valued at $150,000 after buying an additional 181 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Mercury Systems by 11.3% during the 4th quarter. GAMMA Investing LLC now owns 1,781 shares of the technology company’s stock worth $130,000 after buying an additional 181 shares in the last quarter. Finally, Focus Partners Wealth grew its position in shares of Mercury Systems by 3.0% during the 3rd quarter. Focus Partners Wealth now owns 6,929 shares of the technology company’s stock worth $536,000 after buying an additional 199 shares during the period. 95.99% of the stock is owned by institutional investors.

Mercury Systems Company Profile

Mercury Systems, Inc (NASDAQ: MRCY) is a technology company that designs, manufactures and markets secure processing subsystems for aerospace and defense applications. The company’s products are built to address the stringent security, safety and reliability requirements of mission-critical programs, with a focus on radar, electronic warfare, intelligence and other sensor and processing functions. Mercury’s offerings encompass rugged embedded computing modules, high-performance radio frequency (RF) and microwave components, digital signal processing subsystems and secure networking solutions.

Since its origins in advanced signal processing, Mercury Systems has expanded its capabilities through a combination of internal development and targeted acquisitions.