Mercury Systems Inc (NASDAQ:MRCY) Given Average Rating of “Hold” by Analysts

Shares of Mercury Systems Inc (NASDAQ:MRCY) have received an average rating of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $83.25.

Several brokerages have issued reports on MRCY. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mercury Systems in a report on Thursday, January 22nd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $100.00 target price on shares of Mercury Systems in a research note on Wednesday, November 5th. Wall Street Zen downgraded Mercury Systems from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. The Goldman Sachs Group boosted their price target on Mercury Systems from $49.00 to $55.00 and gave the stock a “sell” rating in a report on Tuesday, January 20th. Finally, Royal Bank Of Canada set a $95.00 price objective on Mercury Systems and gave the company an “outperform” rating in a research note on Wednesday, November 5th.

Insiders Place Their Bets

In related news, Director Jana Partners Management, Lp sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $75.45, for a total transaction of $75,450,000.00. Following the sale, the director owned 4,966,675 shares in the company, valued at approximately $374,735,628.75. This trade represents a 16.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Douglas Munro sold 1,329 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $73.42, for a total value of $97,575.18. Following the completion of the transaction, the chief accounting officer owned 14,678 shares of the company’s stock, valued at $1,077,658.76. This trade represents a 8.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,003,029 shares of company stock valued at $75,673,358 in the last ninety days. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Mercury Systems

Hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC boosted its stake in Mercury Systems by 15.4% in the 4th quarter. Signaturefd LLC now owns 804 shares of the technology company’s stock worth $59,000 after buying an additional 107 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Mercury Systems by 2.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,175 shares of the technology company’s stock valued at $555,000 after acquiring an additional 142 shares during the last quarter. AlphaQuest LLC grew its holdings in Mercury Systems by 41.9% in the third quarter. AlphaQuest LLC now owns 569 shares of the technology company’s stock valued at $44,000 after purchasing an additional 168 shares during the period. Nisa Investment Advisors LLC increased its position in Mercury Systems by 10.3% during the third quarter. Nisa Investment Advisors LLC now owns 1,941 shares of the technology company’s stock worth $150,000 after purchasing an additional 181 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Mercury Systems by 11.3% during the fourth quarter. GAMMA Investing LLC now owns 1,781 shares of the technology company’s stock worth $130,000 after purchasing an additional 181 shares during the period. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Mercury Systems Stock Up 0.0%

Mercury Systems stock opened at $93.89 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.31 and a current ratio of 3.37. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of -164.72, a price-to-earnings-growth ratio of 4.16 and a beta of 0.75. Mercury Systems has a fifty-two week low of $39.89 and a fifty-two week high of $103.84. The stock’s fifty day moving average is $82.20 and its two-hundred day moving average is $73.97.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.18. The business had revenue of $225.21 million during the quarter, compared to the consensus estimate of $207.28 million. Mercury Systems had a positive return on equity of 1.14% and a negative net margin of 3.53%.The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.04 EPS. Analysts predict that Mercury Systems will post -0.08 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.