Mercury Systems Inc (NASDAQ:MRCY) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Mercury Systems Inc (NASDAQ:MRCY) have received a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $89.8889.

Several analysts have issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Mercury Systems in a research note on Tuesday, April 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $105.00 price objective on shares of Mercury Systems in a research report on Wednesday, February 4th. Canaccord Genuity Group increased their price objective on Mercury Systems from $102.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Jefferies Financial Group reissued a “hold” rating and issued a $95.00 target price on shares of Mercury Systems in a research report on Sunday, May 10th. Finally, Truist Financial upgraded Mercury Systems to a “strong-buy” rating in a research note on Friday, May 1st.

Insider Buying and Selling

In other news, EVP Steven Ratner sold 2,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $92.46, for a total transaction of $184,920.00. Following the completion of the transaction, the executive vice president directly owned 32,238 shares in the company, valued at $2,980,725.48. This represents a 5.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jana Partners Management, Lp sold 100,899 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $89.68, for a total value of $9,048,622.32. Following the completion of the transaction, the director owned 4,114,618 shares of the company’s stock, valued at $368,998,942.24. The trade was a 2.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 472,383 shares of company stock valued at $43,200,024 over the last ninety days. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Invesco Ltd. raised its stake in shares of Mercury Systems by 161.7% during 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. First Trust Advisors LP grew its stake in shares of 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 in the last quarter. State Street Corp increased its holdings in Mercury Systems by 12.1% during the fourth quarter. State Street Corp now owns 3,423,600 shares of the technology company’s stock worth $249,957,000 after buying an additional 368,242 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Mercury Systems by 51.6% during the first quarter. Goldman Sachs Group Inc. now owns 855,441 shares of the technology company’s stock worth $36,861,000 after acquiring an additional 290,989 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in Mercury Systems by 118,133.6% during the third quarter. Bessemer Group Inc. now owns 274,302 shares of the technology company’s stock worth $21,232,000 after acquiring an additional 274,070 shares in the last quarter. 95.99% of the stock is currently owned by institutional investors.

Mercury Systems Price Performance

Mercury Systems stock opened at $92.03 on Friday. The company has a market capitalization of $5.53 billion, a PE ratio of -383.46, a price-to-earnings-growth ratio of 9.16 and a beta of 0.83. Mercury Systems has a one year low of $44.01 and a one year high of $103.84. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.19 and a quick ratio of 2.15. The business has a 50 day simple moving average of $81.58 and a 200 day simple moving average of $81.23.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. The business had revenue of $235.76 million for the quarter, compared to analyst estimates of $208.56 million. Mercury Systems had a negative net margin of 1.46% and a positive return on equity of 2.22%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the business posted $0.06 earnings per share. On average, sell-side analysts forecast that Mercury Systems will post 0.18 EPS 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.