Investment analysts at Bank of America Corp. started coverage on shares of Mercury Systems Inc. (NASDAQ:MRCY) in a research note issued to investors on Friday. The firm set a “neutral” rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. Jefferies Group set a $27.00 price objective on shares of Mercury Systems and gave the company a “hold” rating in a research report on Tuesday, November 8th. Zacks Investment Research raised shares of Mercury Systems from a “sell” rating to a “hold” rating and set a $31.00 price objective for the company in a research report on Friday, October 28th. Robert W. Baird initiated coverage on shares of Mercury Systems in a research report on Wednesday, October 5th. They set an “outperform” rating and a $30.00 price objective for the company. Drexel Hamilton initiated coverage on shares of Mercury Systems in a research report on Thursday, August 25th. They set a “buy” rating for the company. Finally, Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a research report on Wednesday, August 3rd. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $28.00.

Analyst Recommendations for Mercury Systems (NASDAQ:MRCY)

Shares of Mercury Systems (NASDAQ:MRCY) opened at 30.64 on Friday. Mercury Systems has a 12 month low of $15.67 and a 12 month high of $32.49. The firm has a market cap of $1.26 billion, a P/E ratio of 53.57 and a beta of 0.47. The company has a 50-day moving average of $26.31 and a 200-day moving average of $23.94.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, October 25th. The company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.08. The company earned $87.65 million during the quarter, compared to the consensus estimate of $85.08 million. Mercury Systems had a net margin of 7.21% and a return on equity of 6.43%. The company’s revenue was up 50.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.19 EPS. Equities analysts forecast that Mercury Systems will post $0.50 EPS for the current fiscal year.

In other news, insider Mark Aslett sold 109,600 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $31.80, for a total value of $3,485,280.00. Following the completion of the sale, the insider now directly owns 664,676 shares of the company’s stock, valued at approximately $21,136,696.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Vincent Vitto sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $24.27, for a total transaction of $194,160.00. Following the completion of the sale, the director now directly owns 61,893 shares of the company’s stock, valued at $1,502,143.11. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of MRCY. Vanguard Group Inc. raised its stake in shares of Mercury Systems by 19.0% in the second quarter. Vanguard Group Inc. now owns 3,000,642 shares of the company’s stock worth $74,596,000 after buying an additional 479,432 shares in the last quarter. BlackRock Fund Advisors raised its stake in Mercury Systems by 8.8% in the third quarter. BlackRock Fund Advisors now owns 2,837,803 shares of the company’s stock valued at $69,725,000 after buying an additional 228,934 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Mercury Systems by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,007,191 shares of the company’s stock valued at $49,898,000 after buying an additional 25,209 shares in the last quarter. Waddell & Reed Financial Inc. raised its stake in Mercury Systems by 20.5% in the second quarter. Waddell & Reed Financial Inc. now owns 1,704,017 shares of the company’s stock valued at $42,362,000 after buying an additional 290,274 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its stake in Mercury Systems by 0.5% in the third quarter. Neuberger Berman Group LLC now owns 1,700,102 shares of the company’s stock valued at $41,772,000 after buying an additional 8,780 shares in the last quarter. 92.51% of the stock is owned by institutional investors.

About Mercury Systems

Mercury Systems, Inc is a commercial provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. The Company’s technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.

5 Day Chart for NASDAQ:MRCY

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