Mercury Systems Inc (MRCY) Given Average Recommendation of “Buy” by Brokerages
Shares of Mercury Systems Inc (NASDAQ:MRCY) have earned a consensus rating of “Buy” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $42.20.
A number of equities research analysts have recently issued reports on MRCY shares. Zacks Investment Research cut shares of Mercury Systems from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Jefferies Group LLC reissued a “hold” rating and issued a $43.00 target price on shares of Mercury Systems in a research report on Wednesday, May 31st. BidaskClub raised shares of Mercury Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. Finally, Noble Financial reissued a “hold” rating on shares of Mercury Systems in a research report on Thursday, August 3rd.
Mercury Systems (NASDAQ MRCY) traded up 1.36% during mid-day trading on Friday, hitting $49.80. 220,363 shares of the company traded hands. The company’s 50-day moving average is $46.64 and its 200-day moving average is $41.72. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 85.86 and a beta of 0.42. Mercury Systems has a one year low of $22.31 and a one year high of $49.97.
Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.08. Mercury Systems had a net margin of 6.09% and a return on equity of 4.87%. The firm had revenue of $115.60 million for the quarter, compared to the consensus estimate of $115.11 million. During the same period in the previous year, the company earned $0.23 earnings per share. The company’s quarterly revenue was up 35.3% on a year-over-year basis. Analysts predict that Mercury Systems will post $1.24 EPS for the current year.
In other news, insider Mark Aslett sold 9,600 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $47.32, for a total value of $454,272.00. Following the completion of the transaction, the insider now owns 519,382 shares of the company’s stock, valued at $24,577,156.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Charles A. Speicher sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $44.09, for a total value of $308,630.00. Following the completion of the transaction, the vice president now directly owns 36,983 shares of the company’s stock, valued at approximately $1,630,580.47. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,400 shares of company stock valued at $990,518. Insiders own 3.50% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in MRCY. BlackRock Inc. increased its stake in shares of Mercury Systems by 242,823.0% in the first quarter. BlackRock Inc. now owns 6,646,372 shares of the technology company’s stock valued at $259,540,000 after buying an additional 6,643,636 shares during the period. Wells Fargo & Company MN increased its stake in shares of Mercury Systems by 323.5% in the second quarter. Wells Fargo & Company MN now owns 2,230,421 shares of the technology company’s stock valued at $93,878,000 after buying an additional 1,703,774 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Mercury Systems by 920.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,231,176 shares of the technology company’s stock valued at $48,077,000 after buying an additional 1,110,474 shares during the period. Vanguard Group Inc. increased its stake in shares of Mercury Systems by 21.6% in the first quarter. Vanguard Group Inc. now owns 3,938,032 shares of the technology company’s stock valued at $153,780,000 after buying an additional 700,484 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of Mercury Systems by 1,334.8% in the first quarter. Alliancebernstein L.P. now owns 627,008 shares of the technology company’s stock valued at $24,485,000 after buying an additional 583,308 shares during the period. 96.43% of the stock is owned by institutional investors.
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Mercury Systems Company Profile
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. Its technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.
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