Mercury Systems Inc (NASDAQ:MRCY) Receives $95.78 Average Price Target from Analysts

Shares of Mercury Systems Inc (NASDAQ:MRCY) have been assigned an average rating of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and three have issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $95.7778.

A number of brokerages have commented on MRCY. Wall Street Zen cut Mercury Systems from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mercury Systems in a research report on Friday, July 17th. Truist Financial raised shares of Mercury Systems to a “strong-buy” rating in a research report on Friday, May 1st. The Goldman Sachs Group boosted their price target 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. Finally, Jefferies Financial Group restated a “hold” rating and set a $115.00 price objective on shares of Mercury Systems in a report on Friday, July 10th.

Mercury Systems Price Performance

MRCY stock opened at $103.80 on Thursday. 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 company’s 50-day moving average is $108.47 and its 200-day moving average is $93.95. The stock has a market capitalization of $6.23 billion, a PE ratio of -432.50 and a beta of 0.93. Mercury Systems has a 1 year low of $50.13 and a 1 year high of $128.45.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results 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 during the quarter, compared to analyst estimates of $208.56 million. During the same period in the previous year, the company posted $0.06 EPS. The firm’s revenue was up 11.5% compared to the same quarter last year. Equities research analysts expect that Mercury Systems will post 0.35 EPS for the current fiscal year.

Insider Activity

In related news, Director Howard L. Lance sold 9,250 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $99.76, for a total value of $922,780.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Steven Ratner sold 2,000 shares of Mercury Systems 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 owned 32,238 shares of the company’s stock, valued at $2,980,725.48. This trade represents a 5.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,250 shares of company stock worth $1,733,220 over the last three months. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mercury Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Bank & Trust bought a new stake in shares of Mercury Systems in the second quarter valued at approximately $205,000. Hennion & Walsh Asset Management Inc. boosted its holdings in Mercury Systems by 11.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 43,902 shares of the technology company’s stock worth $5,371,000 after buying an additional 4,457 shares during the period. GAMMA Investing LLC boosted its holdings in Mercury Systems by 8.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,984 shares of the technology company’s stock worth $243,000 after buying an additional 155 shares during the period. Moody National Bank Trust Division grew its stake in Mercury Systems by 12.5% in the 2nd quarter. Moody National Bank Trust Division now owns 46,204 shares of the technology company’s stock valued at $5,652,000 after buying an additional 5,124 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its stake in Mercury Systems by 46.9% in the 1st 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 in the last quarter. Institutional investors own 95.99% of the company’s stock.

About Mercury Systems

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.