Mercury Systems (NASDAQ:MRCY) Hits New 12-Month High – Should You Buy?

Mercury Systems Inc (NASDAQ:MRCY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $128.45 and last traded at $123.07, with a volume of 426445 shares trading hands. The stock had previously closed at $126.21.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MRCY shares. Truist Financial upgraded Mercury Systems to a “strong-buy” rating in a research note on Friday, May 1st. The Goldman Sachs Group boosted their price target on Mercury Systems from $60.00 to $68.00 and gave the stock a “sell” rating in a research report on Monday, May 11th. Canaccord Genuity Group upped their price target on Mercury Systems from $102.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Jefferies Financial Group restated a “hold” rating and set a $105.00 price objective on shares of Mercury Systems in a research report on Monday, June 1st. Finally, Wall Street Zen upgraded Mercury Systems from a “hold” rating to a “buy” rating in a report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.00.

Mercury Systems Price Performance

The firm has a market cap of $7.39 billion, a PE ratio of -512.79 and a beta of 0.93. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.19 and a quick ratio of 2.15. The company has a 50 day moving average price of $103.38 and a 200 day moving average price of $90.90.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. The firm had revenue of $235.76 million for the quarter, compared to the consensus estimate of $208.56 million. Mercury Systems had a positive return on equity of 2.22% and a negative net margin of 1.46%.The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 earnings per share. Sell-side analysts expect that Mercury Systems Inc will post 0.31 EPS for the current fiscal year.

Insider Activity

In other Mercury Systems news, Director Howard L. Lance sold 9,250 shares of Mercury Systems stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $99.76, for a total value of $922,780.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven Ratner sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $92.46, for a total transaction of $184,920.00. Following the completion of the sale, the executive vice president directly owned 32,238 shares in the company, valued at $2,980,725.48. This represents a 5.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 21,875 shares of company stock valued at $2,040,874 over the last quarter. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of Mercury Systems

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC acquired a new stake in shares of Mercury Systems during the 1st quarter worth $755,000. Goldman Sachs Group Inc. boosted its holdings in Mercury Systems by 51.6% in the first quarter. Goldman Sachs Group Inc. now owns 855,441 shares of the technology company’s stock valued at $36,861,000 after acquiring an additional 290,989 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Mercury Systems by 13.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,617 shares of the technology company’s stock valued at $6,878,000 after acquiring an additional 18,916 shares during the period. Jane Street Group LLC increased its stake in Mercury Systems by 161.3% during the first quarter. Jane Street Group LLC now owns 50,769 shares of the technology company’s stock worth $2,188,000 after acquiring an additional 31,337 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Mercury Systems by 30.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 124,973 shares of the technology company’s stock worth $6,731,000 after purchasing an additional 29,057 shares during the period. 95.99% of the stock is owned by hedge funds and other 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.