BidaskClub Downgrades Mercury Systems (MRCY) to Strong Sell

Mercury Systems (NASDAQ:MRCY) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Friday.

Several other analysts have also weighed in on the company. Zacks Investment Research upgraded Mercury Systems from a “hold” rating to a “strong-buy” rating and set a $59.00 price target on the stock in a report on Thursday, January 11th. SunTrust Banks restated a “buy” rating and set a $61.00 price target on shares of Mercury Systems in a report on Tuesday, January 9th. Noble Financial restated a “hold” rating on shares of Mercury Systems in a report on Thursday, October 26th. Finally, Robert W. Baird increased their price target on Mercury Systems from $48.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $53.33.

Shares of Mercury Systems (MRCY) traded down $0.71 on Friday, hitting $50.55. The stock had a trading volume of 372,634 shares, compared to its average volume of 199,601. The stock has a market cap of $2,438.58, a PE ratio of 54.35, a price-to-earnings-growth ratio of 4.37 and a beta of 0.23. Mercury Systems has a twelve month low of $30.80 and a twelve month high of $55.00.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.11. The business had revenue of $106.10 million for the quarter, compared to analysts’ expectations of $105.18 million. Mercury Systems had a return on equity of 6.51% and a net margin of 9.14%. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS. equities analysts predict that Mercury Systems will post 1.09 earnings per share for the current year.

In other Mercury Systems news, CEO Mark Aslett sold 4,800 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $49.92, for a total value of $239,616.00. Following the sale, the chief executive officer now owns 509,782 shares in the company, valued at $25,448,317.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Vincent Vitto sold 8,500 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $52.04, for a total value of $442,340.00. Following the completion of the sale, the director now owns 79,539 shares in the company, valued at approximately $4,139,209.56. The disclosure for this sale can be found here. Insiders have sold a total of 65,800 shares of company stock worth $3,351,345 in the last 90 days. 3.50% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Fox Run Management L.L.C. purchased a new stake in Mercury Systems in the fourth quarter worth $229,000. Schwab Charles Investment Management Inc. grew its position in shares of Mercury Systems by 3.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 228,438 shares of the technology company’s stock worth $11,731,000 after buying an additional 6,917 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of Mercury Systems by 6.7% during the 4th quarter. Louisiana State Employees Retirement System now owns 20,800 shares of the technology company’s stock worth $1,068,000 after buying an additional 1,300 shares in the last quarter. Atlantic Trust Group LLC bought a new position in shares of Mercury Systems during the 3rd quarter worth $1,258,000. Finally, Sterling Capital Management LLC grew its position in shares of Mercury Systems by 16.0% during the 3rd quarter. Sterling Capital Management LLC now owns 50,556 shares of the technology company’s stock worth $2,623,000 after buying an additional 6,979 shares in the last quarter. Institutional investors and hedge funds own 96.28% of the company’s stock.

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About Mercury Systems

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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