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

Shares of Mercury Systems Inc (NASDAQ:MRCY) have been given a consensus recommendation of “Hold” by the ten brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $86.8889.

MRCY has been the subject of several research analyst reports. The Goldman Sachs Group upped their target price on shares of Mercury Systems from $49.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday, January 20th. Canaccord Genuity Group set a $102.00 price target on shares of Mercury Systems in a research report on Wednesday, February 4th. Truist Financial boosted their price objective on shares of Mercury Systems from $102.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mercury Systems in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $85.00 target price on shares of Mercury Systems in a research note on Sunday, February 8th.

Insider Buying and Selling at Mercury Systems

In other news, Director Jana Partners Management, Lp sold 400,000 shares of Mercury Systems stock in a transaction dated 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 sale, the director directly owned 4,566,675 shares in the company, valued at approximately $369,900,675. The trade was a 8.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Douglas Munro sold 582 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $83.56, for a total transaction of $48,631.92. Following the completion of the sale, the chief accounting officer directly owned 14,328 shares in the company, valued at approximately $1,197,247.68. The trade was a 3.90% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 859,758 shares of company stock worth $74,481,931. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Mercury Systems by 4.0% during the third quarter. Vanguard Group Inc. now owns 5,731,033 shares of the technology company’s stock valued at $443,582,000 after purchasing an additional 221,093 shares in the last quarter. State Street Corp grew its stake in shares of Mercury Systems by 12.1% in the 4th quarter. State Street Corp now owns 3,423,600 shares of the technology company’s stock valued at $249,957,000 after purchasing an additional 368,242 shares during the period. Invesco Ltd. raised its holdings in shares of Mercury Systems by 25.1% in the 4th quarter. Invesco Ltd. now owns 1,910,742 shares of the technology company’s stock worth $139,503,000 after buying an additional 383,299 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Mercury Systems by 1.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,542,851 shares of the technology company’s stock worth $112,644,000 after buying an additional 21,182 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Mercury Systems by 96.3% during the 3rd quarter. First Trust Advisors LP now owns 1,532,822 shares of the technology company’s stock worth $118,640,000 after buying an additional 751,813 shares during the period. Institutional investors own 95.99% of the company’s stock.

Mercury Systems Stock Performance

MRCY opened at $77.81 on Friday. The company has a quick ratio of 2.04, a current ratio of 2.96 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average price is $89.66 and its two-hundred day moving average price is $79.67. The firm has a market capitalization of $4.67 billion, a P/E ratio of -146.81, a price-to-earnings-growth ratio of 7.65 and a beta of 0.77. Mercury Systems has a 12-month low of $39.89 and a 12-month high of $103.84.

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