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

Shares of Mercury Systems Inc (NASDAQ:MRCY) have been given an average rating of “Moderate Buy” by the ten brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $91.00.

A number of equities analysts have recently commented on the stock. Truist Financial raised shares of Mercury Systems to a “strong-buy” rating in a research report on Friday, May 1st. Jefferies Financial Group reaffirmed a “hold” rating and set a $105.00 price objective on shares of Mercury Systems in a report on Monday, June 1st. The Goldman Sachs Group raised their target price on shares of Mercury Systems from $60.00 to $68.00 and gave the company a “sell” rating in a research note on Monday, May 11th. Canaccord Genuity Group lifted their target price on shares of Mercury Systems from $102.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Mercury Systems in a research report on Tuesday, April 21st.

Insiders Place Their Bets

In other news, Director Orlando D. Carvalho sold 7,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $89.36, for a total value of $625,520.00. Following the completion of the sale, the director directly owned 52,448 shares of the company’s stock, valued at approximately $4,686,753.28. This represents a 11.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Howard L. Lance sold 9,250 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $99.76, for a total transaction of $922,780.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 21,875 shares of company stock worth $2,040,874 over the last quarter. 1.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MRCY. Segall Bryant & Hamill LLC lifted its stake in shares of Mercury Systems by 46.9% in the first quarter. Segall Bryant & Hamill LLC now owns 934,824 shares of the technology company’s stock valued at $68,158,000 after buying an additional 298,298 shares during the period. Cim Investment Management Inc. increased its position in shares of Mercury Systems by 17.2% during the first quarter. Cim Investment Management Inc. now owns 8,927 shares of the technology company’s stock valued at $651,000 after purchasing an additional 1,307 shares during the period. Bank of America Corp DE raised its stake in shares of Mercury Systems by 19.5% in the first quarter. Bank of America Corp DE now owns 294,918 shares of the technology company’s stock valued at $21,502,000 after purchasing an additional 48,181 shares in the last quarter. Edgestream Partners L.P. raised its stake in shares of Mercury Systems by 87.0% in the first quarter. Edgestream Partners L.P. now owns 88,208 shares of the technology company’s stock valued at $6,431,000 after purchasing an additional 41,038 shares in the last quarter. Finally, Amundi bought a new position in Mercury Systems in the first quarter worth $586,000. Institutional investors own 95.99% of the company’s stock.

Mercury Systems Price Performance

Shares of NASDAQ:MRCY opened at $111.27 on Wednesday. The stock has a market capitalization of $6.68 billion, a P/E ratio of -463.63 and a beta of 0.94. The business has a 50-day moving average of $88.28 and a two-hundred day moving average of $84.31. Mercury Systems has a fifty-two week low of $48.75 and a fifty-two week high of $118.57. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.19 and a quick ratio of 2.15.

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