Mercury Systems Inc (NASDAQ:MRCY) Given Consensus Rating of “Moderate Buy” by Analysts

Mercury Systems Inc (NASDAQ:MRCY) has received an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $81.25.

Several brokerages recently weighed in on MRCY. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mercury Systems in a report on Wednesday, October 8th. Wall Street Zen lowered Mercury Systems from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Zacks Research cut Mercury Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Truist Financial set a $102.00 price target on Mercury Systems in a report on Friday. Finally, Royal Bank Of Canada set a $95.00 price target on Mercury Systems and gave the stock an “outperform” rating in a research note on Wednesday, November 5th.

Mercury Systems Trading Up 5.3%

Shares of NASDAQ:MRCY opened at $93.48 on Friday. The stock has a 50 day moving average of $73.44 and a 200 day moving average of $68.48. The company has a market cap of $5.62 billion, a PE ratio of -164.00, a price-to-earnings-growth ratio of 4.14 and a beta of 0.78. Mercury Systems has a 12-month low of $39.42 and a 12-month high of $93.74. The company has a current ratio of 3.37, a quick ratio of 2.31 and a debt-to-equity ratio of 0.40.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, June 7th. The technology company reported $0.64 earnings per share for the quarter. The business had revenue of $256.86 million for the quarter. Mercury Systems had a negative net margin of 3.53% and a positive return on equity of 1.14%. As a group, equities research analysts expect that Mercury Systems will post -0.08 EPS for the current year.

Insider Buying and Selling

In related news, Director Debora A. Plunkett sold 1,700 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $73.99, for a total transaction of $125,783.00. Following the completion of the transaction, the director directly owned 16,833 shares of the company’s stock, valued at approximately $1,245,473.67. This trade represents a 9.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Douglas Munro sold 1,329 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $73.42, for a total transaction of $97,575.18. Following the completion of the sale, the chief accounting officer owned 14,678 shares in the company, valued at approximately $1,077,658.76. The trade was a 8.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,003,029 shares of company stock worth $75,673,358. 1.40% of the stock is owned by insiders.

Institutional Trading of Mercury Systems

Several hedge funds have recently made changes to their positions in the business. Voya Investment Management LLC lifted its holdings in Mercury Systems by 60.8% during the 1st quarter. Voya Investment Management LLC now owns 25,440 shares of the technology company’s stock valued at $1,096,000 after buying an additional 9,616 shares in the last quarter. Intech Investment Management LLC increased its position in shares of Mercury Systems by 199.3% during the first quarter. Intech Investment Management LLC now owns 76,848 shares of the technology company’s stock worth $3,311,000 after acquiring an additional 51,168 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in shares of Mercury Systems by 75.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 27,796 shares of the technology company’s stock worth $2,151,000 after acquiring an additional 11,989 shares during the period. Bouvel Investment Partners LLC bought a new stake in shares of Mercury Systems during the second quarter valued at approximately $1,659,000. Finally, Bayforest Capital Ltd purchased a new stake in shares of Mercury Systems in the second quarter valued at approximately $799,000. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

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.