Mercury Systems Inc (NASDAQ:MRCY) Receives Average Recommendation of “Hold” from Brokerages

Mercury Systems Inc (NASDAQ:MRCY) has earned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $83.25.

Several equities analysts have weighed in on the company. UBS Group set a $88.00 price objective on Mercury Systems in a report on Thursday, October 2nd. Raymond James Financial reaffirmed a “strong-buy” rating and set a $100.00 price target on shares of Mercury Systems in a research report on Wednesday, November 5th. Royal Bank Of Canada set a $95.00 price objective on Mercury Systems and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Truist Financial set a $102.00 price objective on Mercury Systems in a research note on Friday, January 9th. Finally, The Goldman Sachs Group increased their target price on shares of Mercury Systems from $49.00 to $55.00 and gave the stock a “sell” rating in a research report on Tuesday, January 20th.

Mercury Systems Stock Down 1.0%

MRCY stock opened at $100.02 on Thursday. The stock has a market cap of $6.01 billion, a P/E ratio of -175.47, a P/E/G ratio of 4.48 and a beta of 0.78. The company has a current ratio of 3.37, a quick ratio of 2.31 and a debt-to-equity ratio of 0.40. The stock’s fifty day simple moving average is $80.46 and its two-hundred day simple moving average is $72.88. Mercury Systems has a 1-year low of $39.42 and a 1-year high of $103.84.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, November 4th. The technology company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.18. The company had revenue of $225.21 million for the quarter, compared to analysts’ expectations of $207.28 million. Mercury Systems had a positive return on equity of 1.14% and a negative net margin of 3.53%.The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.04 EPS. Analysts expect that Mercury Systems will post -0.08 EPS for the current year.

Insider Buying and Selling

In related news, CAO Douglas Munro sold 1,329 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $73.42, for a total value of $97,575.18. Following the completion of the transaction, the chief accounting officer directly owned 14,678 shares of the company’s stock, valued at approximately $1,077,658.76. This trade represents a 8.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jana Partners Management, Lp sold 1,000,000 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $75.45, for a total transaction of $75,450,000.00. Following the sale, the director directly owned 4,966,675 shares in the company, valued at $374,735,628.75. The trade was a 16.76% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,003,029 shares of company stock valued at $75,673,358. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Mercury Systems

A number of institutional investors have recently added to or reduced their stakes in MRCY. Vanguard Group Inc. grew its holdings in Mercury Systems by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 5,731,033 shares of the technology company’s stock valued at $443,582,000 after buying an additional 221,093 shares in the last quarter. State Street Corp boosted its position in shares of Mercury Systems by 8.7% in the second quarter. State Street Corp now owns 3,246,573 shares of the technology company’s stock valued at $174,860,000 after acquiring an additional 259,388 shares during the period. Conestoga Capital Advisors LLC grew its stake in Mercury Systems by 13.3% during the second quarter. Conestoga Capital Advisors LLC now owns 2,558,935 shares of the technology company’s stock valued at $137,824,000 after acquiring an additional 300,749 shares in the last quarter. First Trust Advisors LP increased its holdings in 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 acquiring an additional 751,813 shares during the period. Finally, Invesco Ltd. lifted 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 purchasing an additional 943,736 shares in the last quarter. Hedge funds and other 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.