Mercury Systems (NASDAQ:MRCY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

According to Zacks, “Mercury Systems, Inc. is a commercial provider of secure sensor and mission processing subsystems for defense and intelligence programs. The Company’s products and solutions are deployed in more than 300 programs with over 25 different defense prime contractors. “

A number of other equities research analysts also recently commented on the stock. Noble Financial reiterated a “hold” rating on shares of Mercury Systems in a report on Thursday, October 26th. SunTrust Banks reiterated a “buy” rating on shares of Mercury Systems in a report on Friday, October 20th. BidaskClub downgraded shares of Mercury Systems from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Finally, Robert W. Baird lifted their price target on shares of Mercury Systems from $48.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $53.33.

Mercury Systems (NASDAQ MRCY) opened at $50.55 on Friday. The stock has a market cap of $2,440.00, a PE ratio of 58.78, a price-to-earnings-growth ratio of 4.32 and a beta of 0.23. Mercury Systems has a 52-week low of $30.80 and a 52-week high of $55.00.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, October 24th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.11. The company had revenue of $106.10 million during the quarter, compared to analysts’ expectations of $105.18 million. Mercury Systems had a net margin of 9.14% and a return on equity of 6.51%. The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 earnings per share. research analysts forecast that Mercury Systems will post 1.12 earnings per share for the current fiscal year.

In related news, CFO Gerald M. Haines II sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $51.07, for a total value of $127,675.00. Following the completion of the sale, the chief financial officer now directly owns 213,260 shares in the company, valued at $10,891,188.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Didier M. C. Thibaud sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $50.34, for a total transaction of $176,190.00. Following the completion of the sale, the chief operating officer now owns 383,440 shares of the company’s stock, valued at $19,302,369.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,800 shares of company stock valued at $3,351,345. Insiders own 3.50% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in MRCY. Advisor Group Inc. grew its holdings in Mercury Systems by 97.8% in the third quarter. Advisor Group Inc. now owns 2,556 shares of the technology company’s stock valued at $132,000 after purchasing an additional 1,264 shares during the period. Ameritas Investment Partners Inc. grew its holdings in Mercury Systems by 5.0% in the second quarter. Ameritas Investment Partners Inc. now owns 4,114 shares of the technology company’s stock valued at $173,000 after purchasing an additional 195 shares during the period. Shelton Capital Management purchased a new stake in Mercury Systems in the second quarter valued at approximately $200,000. Flinton Capital Management LLC grew its holdings in Mercury Systems by 72.3% in the second quarter. Flinton Capital Management LLC now owns 4,862 shares of the technology company’s stock valued at $205,000 after purchasing an additional 2,040 shares during the period. Finally, Riverhead Capital Management LLC grew its holdings in Mercury Systems by 74.9% in the second quarter. Riverhead Capital Management LLC now owns 4,897 shares of the technology company’s stock valued at $206,000 after purchasing an additional 2,097 shares during the period. Hedge funds and other institutional investors own 96.28% of the company’s stock.

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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.

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