BidaskClub upgraded shares of Mercury Systems (NASDAQ:MRCY) from a buy rating to a strong-buy rating in a research note released on Thursday, BidAskClub reports.

A number of other equities research analysts have also issued reports on MRCY. Zacks Investment Research raised Mercury Systems from a sell rating to a hold rating in a research note on Tuesday, August 6th. Canaccord Genuity reaffirmed a buy rating and set a $76.00 target price (up from $64.00) on shares of Mercury Systems in a research report on Friday, April 26th. Goldman Sachs Group began coverage on Mercury Systems in a research report on Friday, August 16th. They set a neutral rating and a $75.00 target price for the company. Alembic Global Advisors raised Mercury Systems from a neutral rating to an overweight rating in a research report on Wednesday, May 1st. Finally, Bank of America raised Mercury Systems from an underperform rating to a neutral rating and lifted their target price for the company from $50.00 to $85.00 in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $73.50.

Shares of MRCY stock opened at $84.66 on Thursday. Mercury Systems has a 52-week low of $41.16 and a 52-week high of $89.44. The firm has a market capitalization of $4.87 billion, a P/E ratio of 55.70, a P/E/G ratio of 4.39 and a beta of 1.09. The stock has a 50 day moving average price of $76.50 and a 200 day moving average price of $69.32.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.11. Mercury Systems had a return on equity of 8.11% and a net margin of 7.14%. The firm had revenue of $176.96 million during the quarter, compared to analyst estimates of $171.98 million. During the same period last year, the company earned $0.47 EPS. Mercury Systems’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, equities research analysts anticipate that Mercury Systems will post 1.72 earnings per share for the current fiscal year.

In related news, CAO Michelle M. Mccarthy sold 624 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $84.99, for a total transaction of $53,033.76. Following the transaction, the chief accounting officer now directly owns 10,982 shares in the company, valued at approximately $933,360.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Mark Aslett sold 10,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $65.90, for a total value of $659,000.00. Following the transaction, the insider now owns 337,440 shares in the company, valued at $22,237,296. The disclosure for this sale can be found here. Insiders sold a total of 30,624 shares of company stock worth $2,282,334 over the last quarter. Company insiders own 2.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Mark Sheptoff Financial Planning LLC grew its stake in Mercury Systems by 250.0% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 700 shares of the technology company’s stock worth $49,000 after buying an additional 500 shares during the last quarter. Pearl River Capital LLC purchased a new position in Mercury Systems during the 2nd quarter worth $76,000. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new position in Mercury Systems during the 2nd quarter worth $79,000. Advisors Preferred LLC purchased a new position in Mercury Systems during the 1st quarter worth $106,000. Finally, LS Investment Advisors LLC grew its stake in Mercury Systems by 10.1% during the 2nd quarter. LS Investment Advisors LLC now owns 1,595 shares of the technology company’s stock worth $112,000 after buying an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 86.94% of the company’s stock.

Mercury Systems Company Profile

Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors. The company's principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, Paveway, Filthy Buzzard, PGK, ProVision, P1, and AIDEWS.

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Analyst Recommendations for Mercury Systems (NASDAQ:MRCY)

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