Brokerages Set Mercury Systems Inc (NASDAQ:MRCY) Target Price at $95.78

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

A number of research analysts recently weighed in on MRCY shares. Wall Street Zen lowered shares of Mercury Systems from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Canaccord Genuity Group upped their price target on shares of Mercury Systems from $102.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Weiss Ratings reiterated 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 note on Friday, May 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Mercury Systems from $99.00 to $101.00 and gave the stock a “neutral” rating in a report on Monday, July 13th.

Insider Buying and Selling

In other Mercury Systems news, Director Orlando D. Carvalho sold 7,000 shares of the company’s stock in a transaction that occurred on 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 directly owned 52,448 shares in the company, valued at $4,686,753.28. This represents a 11.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Howard L. Lance sold 9,250 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $99.76, for a total value of $922,780.00. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 18,250 shares of company stock worth $1,733,220. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Mercury Systems

Large investors have recently modified their holdings of the stock. First Bank & Trust purchased a new stake in Mercury Systems during the 2nd quarter valued at $205,000. Hennion & Walsh Asset Management Inc. boosted its stake in Mercury Systems by 11.3% during the second 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 stake in Mercury Systems by 8.5% during the second 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 increased its position in Mercury Systems by 12.5% during the second quarter. Moody National Bank Trust Division now owns 46,204 shares of the technology company’s stock valued at $5,652,000 after acquiring an additional 5,124 shares during the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in Mercury Systems by 46.9% during the first quarter. Segall Bryant & Hamill LLC now owns 934,824 shares of the technology company’s stock valued at $68,158,000 after acquiring an additional 298,298 shares during the last quarter. Institutional investors own 95.99% of the company’s stock.

Mercury Systems Price Performance

Shares of Mercury Systems stock opened at $103.27 on Thursday. The stock has a 50 day moving average of $108.26 and a 200 day moving average of $93.72. Mercury Systems has a 12 month low of $50.13 and a 12 month high of $128.45. The firm has a market cap of $6.20 billion, a PE ratio of -430.29 and a beta of 0.93. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.40.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. The business had revenue of $235.76 million for the quarter, compared to the consensus estimate of $208.56 million. Mercury Systems had a positive return on equity of 2.22% and a negative net margin of 1.46%.The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. On average, research analysts expect that Mercury Systems will post 0.35 EPS for the current fiscal year.

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.