Mercury Systems Inc (NASDAQ:MRCY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Mercury Systems Inc (NASDAQ:MRCY) have earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $73.8889.

Several analysts have recently weighed in on the company. Royal Bank Of Canada raised Mercury Systems from a “hold” rating to a “moderate buy” rating in a report on Wednesday, October 1st. Wall Street Zen downgraded Mercury Systems from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. The Goldman Sachs Group boosted their target price on Mercury Systems from $35.00 to $39.00 and gave the company a “sell” rating in a report on Wednesday, August 13th. Raymond James Financial raised Mercury Systems from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $55.00 to $80.00 in a report on Tuesday, August 12th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Mercury Systems in a report on Saturday.

Insider Buying and Selling

In other Mercury Systems news, CEO William L. Ballhaus sold 13,050 shares of Mercury Systems stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $64.46, for a total value of $841,203.00. Following the transaction, the chief executive officer directly owned 374,976 shares in the company, valued at approximately $24,170,952.96. The trade was a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stuart Kupinsky sold 1,220 shares of Mercury Systems stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $64.46, for a total transaction of $78,641.20. Following the completion of the transaction, the executive vice president owned 70,297 shares in the company, valued at approximately $4,531,344.62. This represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 848,980 shares of company stock valued at $55,529,247 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Salomon & Ludwin LLC acquired a new position in Mercury Systems in the third quarter valued at $32,000. Osaic Holdings Inc. increased its stake in shares of Mercury Systems by 53.2% during the second 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 period. Quaker Wealth Management LLC increased its stake in shares of Mercury Systems by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 644 shares of the technology company’s stock worth $35,000 after acquiring an additional 1,288 shares during the period. Federated Hermes Inc. acquired a new position in shares of Mercury Systems during the second quarter worth about $43,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Mercury Systems by 33.7% during the second quarter. EverSource Wealth Advisors LLC now owns 929 shares of the technology company’s stock worth $50,000 after acquiring an additional 234 shares during the period. 95.99% of the stock is currently owned by institutional investors and hedge funds.

Mercury Systems Price Performance

Mercury Systems stock opened at $79.42 on Tuesday. The stock has a market cap of $4.77 billion, a P/E ratio of -120.33, a price-to-earnings-growth ratio of 3.25 and a beta of 0.82. The company has a fifty day simple moving average of $73.83 and a 200-day simple moving average of $58.85. Mercury Systems has a 12-month low of $32.32 and a 12-month high of $85.33. The company has a current ratio of 3.52, a quick ratio of 2.41 and a debt-to-equity ratio of 0.40.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings results on Tuesday, June 7th. The technology company reported $0.64 EPS 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 for the quarter. Equities analysts expect that Mercury Systems will post -0.08 EPS 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.