Mercury Systems Inc (NASDAQ:MRCY) Given Average Recommendation of “Hold” by Brokerages

Mercury Systems Inc (NASDAQ:MRCY) has been assigned an average rating of “Hold” from the ten ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $86.8889.

Several research analysts have recently weighed in on the company. Raymond James Financial reaffirmed a “strong-buy” rating and set a $100.00 price objective on shares of Mercury Systems in a research report on Wednesday, November 5th. Royal Bank Of Canada restated an “outperform” rating and issued a $105.00 target price on shares of Mercury Systems in a research note on Wednesday, February 4th. Truist Financial raised their price target on shares of Mercury Systems from $102.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Canaccord Genuity Group set a $102.00 price objective on shares of Mercury Systems in a report on Wednesday, February 4th. 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 report on Tuesday, January 20th.

Insider Transactions at Mercury Systems

In related news, Director Jana Partners Management, Lp sold 400,000 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $81.00, for a total transaction of $32,400,000.00. Following the completion of the transaction, the director directly owned 4,566,675 shares of the company’s stock, valued at approximately $369,900,675. This represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Douglas Munro sold 582 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $83.56, for a total value of $48,631.92. Following the completion of the transaction, the chief accounting officer owned 14,328 shares of the company’s stock, valued at approximately $1,197,247.68. This represents a 3.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 402,869 shares of company stock worth $32,639,734 in the last three months. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Mercury Systems

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Mercury Systems by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 5,731,033 shares of the technology company’s stock valued at $443,582,000 after acquiring an additional 221,093 shares during the period. State Street Corp lifted its stake in 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 last quarter. Invesco Ltd. grew its holdings in Mercury Systems by 25.1% during the fourth quarter. Invesco Ltd. now owns 1,910,742 shares of the technology company’s stock worth $139,503,000 after purchasing an additional 383,299 shares during the period. T. Rowe Price Investment Management Inc. increased its position in Mercury Systems by 1.4% during the fourth 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 last quarter. Finally, First Trust Advisors LP raised its stake in Mercury Systems by 96.3% in the third quarter. First Trust Advisors LP now owns 1,532,822 shares of the technology company’s stock valued at $118,640,000 after buying an additional 751,813 shares during the period. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Stock Performance

Shares of MRCY stock opened at $87.63 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.04 and a current ratio of 2.96. Mercury Systems has a 52 week low of $39.89 and a 52 week high of $103.84. The company’s 50 day moving average price is $85.90 and its two-hundred day moving average price is $77.08. The company has a market capitalization of $5.26 billion, a P/E ratio of -165.34, a price-to-earnings-growth ratio of 7.26 and a beta of 0.75.

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