SunTrust Banks, Inc. reissued their buy rating on shares of Mercury Systems Inc (NASDAQ:MRCY) in a report released on Friday.

Several other brokerages have also recently issued reports on MRCY. Zacks Investment Research raised Mercury Systems from a sell rating to a hold rating in a research report on Wednesday, October 4th. Jefferies Group LLC reaffirmed a hold rating and set a $45.00 target price on shares of Mercury Systems in a research report on Wednesday, August 2nd. Noble Financial reaffirmed a hold rating on shares of Mercury Systems in a research report on Thursday, August 3rd. Finally, BidaskClub raised Mercury Systems from a buy rating to a strong-buy rating in a research report on Saturday, June 24th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $45.50.

Mercury Systems (NASDAQ MRCY) traded up 1.59% during midday trading on Friday, hitting $52.45. The stock had a trading volume of 190,489 shares. The stock’s 50-day moving average is $50.09 and its 200-day moving average is $43.77. The stock has a market capitalization of $2.52 billion, a PE ratio of 90.43 and a beta of 0.41. Mercury Systems has a 1-year low of $23.65 and a 1-year high of $53.56.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, August 1st. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.08. The company had revenue of $115.60 million for the quarter, compared to analysts’ expectations of $115.11 million. Mercury Systems had a return on equity of 4.87% and a net margin of 6.09%. Mercury Systems’s quarterly revenue was up 35.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 earnings per share. On average, equities research analysts anticipate that Mercury Systems will post $1.24 EPS for the current fiscal year.

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In other Mercury Systems news, VP Charles A. Speicher sold 7,000 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $44.09, for a total value of $308,630.00. Following the transaction, the vice president now owns 36,983 shares of the company’s stock, valued at $1,630,580.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark Aslett sold 4,800 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $47.42, for a total value of $227,616.00. Following the completion of the transaction, the chief executive officer now directly owns 519,382 shares in the company, valued at approximately $24,629,094.44. The disclosure for this sale can be found here. In the last three months, insiders sold 23,900 shares of company stock worth $1,120,368. Insiders own 3.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Arizona State Retirement System boosted its position in Mercury Systems by 0.4% in the second quarter. Arizona State Retirement System now owns 25,075 shares of the technology company’s stock worth $1,055,000 after purchasing an additional 100 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in Mercury Systems by 5.0% in the second quarter. Ameritas Investment Partners Inc. now owns 4,114 shares of the technology company’s stock worth $173,000 after purchasing an additional 195 shares during the last quarter. Wrapmanager Inc. boosted its position in Mercury Systems by 3.5% in the second quarter. Wrapmanager Inc. now owns 6,126 shares of the technology company’s stock worth $258,000 after purchasing an additional 205 shares during the last quarter. Amalgamated Bank boosted its position in Mercury Systems by 5.4% in the second quarter. Amalgamated Bank now owns 6,290 shares of the technology company’s stock worth $265,000 after purchasing an additional 321 shares during the last quarter. Finally, Texas Permanent School Fund boosted its position in Mercury Systems by 0.9% in the second quarter. Texas Permanent School Fund now owns 35,040 shares of the technology company’s stock worth $1,475,000 after purchasing an additional 328 shares during the last quarter. 96.43% of the stock is currently owned by institutional investors and hedge funds.

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. 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.

Analyst Recommendations for Mercury Systems (NASDAQ:MRCY)

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