Mercury Systems (NASDAQ:MRCY) Upgraded to “Buy” at Wall Street Zen

Mercury Systems (NASDAQ:MRCY) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other research analysts have also recently commented on MRCY. Raymond James Financial raised shares of Mercury Systems from an “outperform” rating to a “strong-buy” rating and raised their target price for the stock from $55.00 to $80.00 in a report on Tuesday, August 12th. Zacks Research upgraded shares of Mercury Systems from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, August 21st. The Goldman Sachs Group lifted their price target on shares of Mercury Systems from $35.00 to $39.00 and gave the stock a “sell” rating in a report on Wednesday, August 13th. Robert W. Baird boosted their target price on shares of Mercury Systems from $58.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, August 12th. Finally, Royal Bank Of Canada lifted their price target on shares of Mercury Systems from $50.00 to $55.00 and gave the company a “sector perform” rating in a research note on Thursday, July 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.71.

Mercury Systems Price Performance

MRCY stock opened at $72.24 on Friday. The stock has a 50-day moving average price of $59.83 and a two-hundred day moving average price of $51.83. The stock has a market cap of $4.34 billion, a PE ratio of -109.45, a price-to-earnings-growth ratio of 3.04 and a beta of 0.77. The company has a current ratio of 3.52, a quick ratio of 2.41 and a debt-to-equity ratio of 0.40. Mercury Systems has a 1 year low of $32.32 and a 1 year high of $74.00.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Monday, August 11th. The technology company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.26. Mercury Systems had a negative net margin of 4.16% and a positive return on equity of 0.58%. The company had revenue of $273.11 million during the quarter, compared to the consensus estimate of $244.56 million. During the same period in the prior year, the business posted $0.23 EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis. Equities analysts forecast that Mercury Systems will post -0.08 EPS for the current fiscal year.

Insider Transactions at Mercury Systems

In related news, EVP David E. Farnsworth sold 7,572 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $64.46, for a total transaction of $488,091.12. Following the transaction, the executive vice president owned 161,326 shares of the company’s stock, valued at approximately $10,399,073.96. This trade represents a 4.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven Ratner sold 7,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $63.76, for a total transaction of $446,320.00. Following the completion of the sale, the executive vice president directly owned 33,801 shares in the company, valued at approximately $2,155,151.76. This trade represents a 17.16% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 850,752 shares of company stock worth $55,622,679. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MRCY. Osaic Holdings Inc. lifted its position in 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 acquiring an additional 208 shares during the period. Neo Ivy Capital Management bought a new stake in shares of Mercury Systems in the fourth quarter worth approximately $33,000. Quaker Wealth Management LLC grew its stake in shares of Mercury Systems by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 644 shares of the technology company’s stock worth $35,000 after acquiring an additional 1,288 shares during the period. Federated Hermes Inc. bought a new stake in Mercury Systems during the second quarter valued at approximately $43,000. Finally, GAMMA Investing LLC grew its position in Mercury Systems by 59.6% during the first quarter. GAMMA Investing LLC now owns 1,058 shares of the technology company’s stock valued at $46,000 after buying an additional 395 shares during the period. 95.99% of the stock is owned by hedge funds and other institutional investors.

About Mercury Systems

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.