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

Shares of Mercury Systems Inc (NASDAQ:MRCY) have earned an average rating of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, three have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $95.7778.

Several equities analysts have recently weighed in on MRCY shares. Wall Street Zen cut Mercury Systems from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Jefferies Financial Group reissued a “hold” rating and set a $115.00 price objective on shares of Mercury Systems in a report on Friday, July 10th. Canaccord Genuity Group lifted their target price on Mercury Systems from $102.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. upped their price target on Mercury Systems from $99.00 to $101.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. Finally, Truist Financial upgraded shares of Mercury Systems to a “strong-buy” rating in a research report on Friday, May 1st.

Mercury Systems Stock Up 0.3%

MRCY opened at $98.92 on Thursday. Mercury Systems has a 12 month low of $50.13 and a 12 month high of $128.45. The company has a market cap of $5.94 billion, a PE ratio of -412.17 and a beta of 0.93. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average of $107.80 and a 200 day moving average of $93.44.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. The business 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 business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 EPS. On average, sell-side analysts expect that Mercury Systems will post 0.35 EPS for the current year.

Insiders Place Their Bets

In other Mercury Systems news, Director Howard L. Lance sold 9,250 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $99.76, for a total value of $922,780.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Orlando D. Carvalho sold 7,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $89.36, for a total transaction of $625,520.00. Following the completion of the transaction, the director directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,250 shares of company stock worth $1,733,220 in the last three months. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mercury Systems

Large investors have recently added to or reduced their stakes in the business. Invesco Ltd. increased its stake in Mercury Systems by 161.7% in the 3rd quarter. Invesco Ltd. now owns 1,527,443 shares of the technology company’s stock worth $118,224,000 after acquiring an additional 943,736 shares during the last quarter. State Street Corp boosted its position in shares of Mercury Systems by 12.1% during the 4th quarter. State Street Corp now owns 3,423,600 shares of the technology company’s stock valued at $249,957,000 after acquiring an additional 368,242 shares during the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of Mercury Systems by 46.9% during the 1st quarter. Segall Bryant & Hamill LLC now owns 934,824 shares of the technology company’s stock valued at $68,158,000 after acquiring an additional 298,298 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Mercury Systems by 51.6% during the first quarter. Goldman Sachs Group Inc. now owns 855,441 shares of the technology company’s stock worth $36,861,000 after purchasing an additional 290,989 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Mercury Systems by 22,232.9% during the first quarter. Fifth Third Bancorp now owns 267,101 shares of the technology company’s stock worth $19,474,000 after purchasing an additional 265,905 shares in the last quarter. Institutional investors own 95.99% of the company’s stock.

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.