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

Shares of Mercury Systems Inc (NASDAQ:MRCY) have received a consensus rating of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat Ratings 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 price target among brokers that have issued ratings on the stock in the last year is $91.00.

A number of brokerages have recently commented on MRCY. Canaccord Genuity Group raised their target price on shares of Mercury Systems from $102.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Truist Financial upgraded Mercury Systems to a “strong-buy” rating in a report on Friday, May 1st. Jefferies Financial Group reissued a “hold” rating and issued a $105.00 price objective on shares of Mercury Systems in a research note on Monday, June 1st. Wall Street Zen upgraded Mercury Systems from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mercury Systems in a research report on Tuesday, April 21st.

Mercury Systems Price Performance

NASDAQ:MRCY opened at $126.21 on Friday. The company has a market cap of $7.58 billion, a price-to-earnings ratio of -525.88 and a beta of 0.93. Mercury Systems has a twelve month low of $49.86 and a twelve month high of $127.83. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.40. The stock has a fifty day simple moving average of $102.49 and a 200-day simple moving average of $90.42.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. Mercury Systems had a negative net margin of 1.46% and a positive return on equity of 2.22%. The firm had revenue of $235.76 million for the quarter, compared to analysts’ expectations of $208.56 million. During the same period in the prior year, the business posted $0.06 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. Analysts anticipate that Mercury Systems will post 0.31 EPS for the current year.

Insider Buying and Selling

In related news, Director Orlando D. Carvalho sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $89.36, for a total transaction of $625,520.00. Following the sale, the director owned 52,448 shares of the company’s stock, valued at $4,686,753.28. This trade represents a 11.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Steven Ratner sold 2,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $92.46, for a total value of $184,920.00. Following 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 21,875 shares of company stock worth $2,040,874 over the last quarter. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Mercury Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MRCY. State Street Corp grew its position 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 valued at $249,957,000 after buying an additional 368,242 shares during the period. Invesco Ltd. increased its position in shares of Mercury Systems by 25.1% in the fourth quarter. Invesco Ltd. now owns 1,910,742 shares of the technology company’s stock valued at $139,503,000 after buying an additional 383,299 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Mercury Systems by 1.4% during the 4th 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 period. First Trust Advisors LP lifted its position in shares of Mercury Systems by 96.3% during the 3rd 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. Finally, Geode Capital Management LLC lifted its position in shares of Mercury Systems by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 1,368,659 shares of the technology company’s stock valued at $99,940,000 after buying an additional 47,174 shares in the last quarter. 95.99% of the stock is owned by institutional investors and hedge funds.

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.