Mercury Systems Inc (NASDAQ:MRCY) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Mercury Systems Inc (NASDAQ:MRCY - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eight brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $49.57.

MRCY has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on Mercury Systems from $48.00 to $56.00 and gave the stock a "neutral" rating in a research report on Monday. The Goldman Sachs Group increased their price target on shares of Mercury Systems from $30.00 to $33.00 and gave the stock a "sell" rating in a report on Monday, May 12th. Royal Bank Of Canada raised their price target on shares of Mercury Systems from $48.00 to $50.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Finally, Truist Financial upped their price objective on shares of Mercury Systems from $56.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd.

Mercury Systems Price Performance

Shares of Mercury Systems stock opened at $52.32 on Wednesday. The business has a 50 day moving average of $48.82 and a 200 day moving average of $44.88. Mercury Systems has a 52 week low of $26.48 and a 52 week high of $54.32. The company has a market cap of $3.13 billion, a PE ratio of -46.71 and a beta of 0.68. The company has a quick ratio of 2.25, a current ratio of 3.44 and a debt-to-equity ratio of 0.41.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last posted its earnings results on Tuesday, May 6th. The technology company reported $0.06 earnings per share for the quarter, hitting analysts' consensus estimates of $0.06. Mercury Systems had a negative return on equity of 0.77% and a negative net margin of 7.33%. The firm had revenue of $211.36 million for the quarter, compared to the consensus estimate of $204.25 million. During the same quarter in the prior year, the business earned ($0.26) EPS. The business's revenue for the quarter was up 1.5% on a year-over-year basis. As a group, equities research analysts forecast that Mercury Systems will post -0.08 earnings per share for the current year.

Insider Transactions at Mercury Systems

In other Mercury Systems news, EVP Steven Ratner sold 3,892 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $47.70, for a total transaction of $185,648.40. Following the sale, the executive vice president now owns 56,187 shares in the company, valued at approximately $2,680,119.90. This represents a 6.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jana Partners Management, Lp sold 88,152 shares of Mercury Systems stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $46.27, for a total value of $4,078,793.04. Following the sale, the director now owns 6,861,313 shares of the company's stock, valued at approximately $317,472,952.51. This represents a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Corient Private Wealth LLC lifted its holdings in shares of Mercury Systems by 4.0% during the 4th quarter. Corient Private Wealth LLC now owns 6,858 shares of the technology company's stock valued at $288,000 after acquiring an additional 266 shares in the last quarter. Ironwood Investment Management LLC grew its stake in shares of Mercury Systems by 0.7% in the fourth quarter. Ironwood Investment Management LLC now owns 40,994 shares of the technology company's stock valued at $1,722,000 after buying an additional 300 shares in the last quarter. GAMMA Investing LLC lifted its position in Mercury Systems by 59.6% during the 1st quarter. GAMMA Investing LLC now owns 1,058 shares of the technology company's stock worth $46,000 after acquiring an additional 395 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Mercury Systems by 4.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,763 shares of the technology company's stock worth $507,000 after acquiring an additional 449 shares during the period. Finally, Fifth Third Bancorp grew its position in Mercury Systems by 53.8% in the first quarter. Fifth Third Bancorp now owns 1,290 shares of the technology company's stock valued at $56,000 after acquiring an additional 451 shares in the last quarter. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Mercury Systems Company Profile

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.

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