Mercury Systems Inc (NASDAQ:MRCY) Receives Average Rating of “Hold” from Analysts

Mercury Systems Inc (NASDAQ:MRCY) has been assigned an average rating of “Hold” from the ten analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $86.8889.

Several research firms have weighed in on MRCY. Jefferies Financial Group reissued a “hold” rating and issued a $85.00 price target on shares of Mercury Systems in a report on Sunday, February 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $105.00 target price on shares of Mercury Systems in a research report on Wednesday, February 4th. Truist Financial increased their target price on Mercury Systems from $102.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. The Goldman Sachs Group boosted their price target on Mercury Systems from $49.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mercury Systems in a report on Thursday, January 22nd.

Insider Buying and Selling

In other news, CAO Douglas Munro sold 582 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $83.56, for a total transaction of $48,631.92. Following the transaction, the chief accounting officer directly owned 14,328 shares of the company’s stock, valued at approximately $1,197,247.68. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jana Partners Management, Lp sold 400,000 shares of Mercury Systems stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $81.00, for a total transaction of $32,400,000.00. Following the completion of the sale, the director owned 4,566,675 shares of the company’s stock, valued at approximately $369,900,675. The trade was a 8.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 402,869 shares of company stock valued at $32,639,734. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Mercury Systems

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Mercury Systems by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 5,731,033 shares of the technology company’s stock valued at $443,582,000 after acquiring an additional 221,093 shares in the last quarter. State Street Corp increased its position in shares of Mercury Systems by 12.1% in the fourth quarter. State Street Corp now owns 3,423,600 shares of the technology company’s stock worth $249,957,000 after purchasing an additional 368,242 shares during the period. Invesco Ltd. raised its stake in Mercury Systems by 25.1% in the fourth quarter. Invesco Ltd. now owns 1,910,742 shares of the technology company’s stock valued at $139,503,000 after purchasing an additional 383,299 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Mercury Systems by 1.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,542,851 shares of the technology company’s stock worth $112,644,000 after purchasing an additional 21,182 shares during the period. Finally, First Trust Advisors LP lifted its position in Mercury Systems by 96.3% during the third quarter. First Trust Advisors LP now owns 1,532,822 shares of the technology company’s stock worth $118,640,000 after purchasing an additional 751,813 shares during the period. Institutional investors own 95.99% of the company’s stock.

Mercury Systems Trading Down 2.5%

Shares of Mercury Systems stock opened at $87.63 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.96 and a quick ratio of 2.04. The business has a fifty day simple moving average of $85.90 and a two-hundred day simple moving average of $77.08. Mercury Systems has a 1 year low of $39.89 and a 1 year high of $103.84. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of -165.34, a P/E/G ratio of 7.26 and a beta of 0.75.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.09. The company had revenue of $232.87 million for the quarter, compared to analyst estimates of $209.96 million. Mercury Systems had a negative net margin of 3.23% and a positive return on equity of 1.28%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 earnings per share. Research analysts forecast that Mercury Systems will post -0.08 EPS for the current year.

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.