Mercury Systems Inc (NASDAQ:MRCY) Given Consensus Rating of “Moderate Buy” by Analysts

Mercury Systems Inc (NASDAQ:MRCY) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $91.00.

A number of equities analysts recently commented on the stock. Truist Financial upgraded shares of Mercury Systems to a “strong-buy” rating in a research report on Friday, May 1st. Jefferies Financial Group reissued a “hold” rating and issued a $105.00 price target on shares of Mercury Systems in a report on Monday, June 1st. Canaccord Genuity Group raised their price target on shares of Mercury Systems from $102.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. The Goldman Sachs Group raised their price target on shares of Mercury Systems from $60.00 to $68.00 and gave the stock a “sell” rating in a report on Monday, May 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Mercury Systems in a report on Tuesday, April 21st.

Insider Activity

In other news, Director Orlando D. Carvalho sold 7,000 shares of Mercury Systems stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $89.36, for a total transaction of $625,520.00. Following the sale, the director owned 52,448 shares of the company’s stock, valued at approximately $4,686,753.28. The trade was a 11.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Howard L. Lance sold 9,250 shares of Mercury Systems stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $99.76, for a total transaction of $922,780.00. The SEC filing for this sale provides additional information. Insiders sold 21,875 shares of company stock worth $2,040,874 in the last quarter. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Mercury Systems

A number of large investors have recently modified their holdings of MRCY. Osaic Holdings Inc. boosted its stake in shares of Mercury Systems by 53.2% during the 2nd quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock valued at $32,000 after purchasing an additional 208 shares in the last quarter. Leonteq Securities AG bought a new stake in shares of Mercury Systems during the 4th quarter valued at about $35,000. Hollencrest Capital Management bought a new stake in shares of Mercury Systems during the 4th quarter valued at about $37,000. Federated Hermes Inc. bought a new stake in shares of Mercury Systems during the 2nd quarter valued at about $43,000. Finally, Rockefeller Capital Management L.P. lifted its position in Mercury Systems by 53.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 653 shares of the technology company’s stock valued at $48,000 after acquiring an additional 228 shares during the period. Institutional investors own 95.99% of the company’s stock.

Mercury Systems Price Performance

Shares of NASDAQ:MRCY opened at $109.38 on Friday. The stock has a market cap of $6.57 billion, a PE ratio of -455.75 and a beta of 0.94. The company’s fifty day moving average is $98.71 and its 200 day moving average is $88.76. Mercury Systems has a 52 week low of $49.54 and a 52 week high of $122.17. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.40.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. The company had revenue of $235.76 million for the quarter, compared to analysts’ expectations of $208.56 million. Mercury Systems had a negative net margin of 1.46% and a positive return on equity of 2.22%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS. Research analysts anticipate that Mercury Systems will post 0.31 earnings per share 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.