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

Shares of Mercury Systems, Inc. (NASDAQ:MRCY) have earned an average rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $43.86.

MRCY has been the topic of several analyst reports. The Goldman Sachs Group raised their target price on Mercury Systems from $25.00 to $28.00 and gave the stock a “sell” rating in a report on Thursday, January 16th. Truist Financial raised shares of Mercury Systems from a “hold” rating to a “buy” rating and lifted their target price for the company from $49.00 to $56.00 in a report on Thursday, March 13th. Baird R W upgraded shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Finally, Robert W. Baird upgraded shares of Mercury Systems from a “neutral” rating to an “outperform” rating and raised their price target for the company from $37.00 to $58.00 in a research report on Wednesday, February 5th.

Mercury Systems Stock Up 0.3 %

MRCY stock opened at $44.75 on Friday. The company has a market capitalization of $2.67 billion, a P/E ratio of -28.69 and a beta of 0.86. Mercury Systems has a 12 month low of $26.48 and a 12 month high of $52.25. The firm’s fifty day simple moving average is $44.47 and its 200-day simple moving average is $41.04. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.36.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Mercury Systems had a negative net margin of 10.23% and a negative return on equity of 2.03%. As a group, equities research analysts forecast that Mercury Systems will post -0.08 earnings per share for the current year.

Insider Activity at Mercury Systems

In related news, EVP Stuart Kupinsky sold 2,377 shares of Mercury Systems stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $104,873.24. Following the sale, the executive vice president now directly owns 62,834 shares in the company, valued at approximately $2,772,236.08. The trade was a 3.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Charles Roger Iv Wells sold 2,342 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $103,329.04. Following the sale, the chief operating officer now owns 95,928 shares of the company’s stock, valued at approximately $4,232,343.36. This trade represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,314 shares of company stock valued at $234,454. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MRCY. Neo Ivy Capital Management acquired a new stake in shares of Mercury Systems in the fourth quarter valued at about $33,000. Sterling Capital Management LLC grew its stake in Mercury Systems by 762.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company’s stock valued at $69,000 after acquiring an additional 1,449 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Mercury Systems in the 4th quarter valued at about $75,000. KBC Group NV lifted its stake in Mercury Systems by 49.4% in the 4th quarter. KBC Group NV now owns 2,496 shares of the technology company’s stock worth $105,000 after purchasing an additional 825 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Mercury Systems by 46.5% during the 3rd quarter. FMR LLC now owns 3,067 shares of the technology company’s stock worth $113,000 after purchasing an additional 974 shares during the last quarter. Hedge funds and other institutional investors own 95.99% of the company’s stock.

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.