Mercury Systems Inc (NASDAQ:MRCY) Receives $81.00 Average Price Target from Analysts

Shares of Mercury Systems Inc (NASDAQ:MRCY) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $81.00.

A number of brokerages recently issued reports on MRCY. Royal Bank Of Canada set a $95.00 target price on Mercury Systems and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Raymond James Financial reissued a “strong-buy” rating and issued a $100.00 price objective on shares of Mercury Systems in a research report on Wednesday, November 5th. Wall Street Zen downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Mercury Systems in a research report on Wednesday, October 8th. Finally, UBS Group set a $88.00 price objective on shares of Mercury Systems in a research note on Thursday, October 2nd.

Insider Buying and Selling at Mercury Systems

In related news, CAO Douglas Munro sold 1,329 shares of the firm’s stock in a transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Debora A. Plunkett sold 1,700 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $73.99, for a total transaction of $125,783.00. Following the sale, the director directly owned 16,833 shares in the company, valued at $1,245,473.67. This trade represents a 9.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,003,096 shares of company stock worth $75,678,276 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mercury Systems

A number of institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in Mercury Systems by 2.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,175 shares of the technology company’s stock valued at $555,000 after purchasing an additional 142 shares during the last quarter. AlphaQuest LLC lifted its position in shares of Mercury Systems by 41.9% in the third quarter. AlphaQuest LLC now owns 569 shares of the technology company’s stock valued at $44,000 after buying an additional 168 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Mercury Systems by 10.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,941 shares of the technology company’s stock worth $150,000 after acquiring an additional 181 shares during the period. Focus Partners Wealth boosted its stake in shares of Mercury Systems by 3.0% during the 3rd quarter. Focus Partners Wealth now owns 6,929 shares of the technology company’s stock worth $536,000 after acquiring an additional 199 shares during the period. Finally, Osaic Holdings Inc. increased its holdings in shares of Mercury Systems by 53.2% during the 2nd quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock worth $32,000 after acquiring an additional 208 shares during the last quarter. 95.99% of the stock is owned by institutional investors.

Mercury Systems Stock Down 0.6%

Shares of MRCY stock opened at $67.55 on Friday. Mercury Systems has a 12-month low of $37.28 and a 12-month high of $85.33. The company has a quick ratio of 2.41, a current ratio of 3.52 and a debt-to-equity ratio of 0.40. The firm has a fifty day moving average of $76.21 and a 200-day moving average of $62.22. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of -102.35, a P/E/G ratio of 3.17 and a beta of 0.79.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, June 7th. The technology company reported $0.64 earnings per share for the quarter. Mercury Systems had a negative net margin of 4.16% and a positive return on equity of 0.58%. The firm had revenue of $256.86 million during the quarter. As a group, equities research analysts predict that Mercury Systems will post -0.08 earnings per share for the current fiscal year.

Mercury Systems Company Profile

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.