Mercury Systems Inc (NASDAQ:MRCY) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Mercury Systems has a consensus “Hold” rating from 11 analysts: two sell, four hold, three buy, and two strong-buy recommendations. The average 12-month price target is $102, below the stock’s reported $111.12 opening price.
• Recent analyst views were mixed, with Piper Sandler initiating coverage at “overweight” with a $126 target, while Deutsche Bank downgraded the stock to “hold”; JPMorgan raised its target to $101 and kept a neutral rating.
• Institutional investors own approximately 95.99% of the shares, while insiders own 1.40%; director Howard L. Lance recently sold 9,250 shares for about $922,780.

Mercury Systems Inc (NASDAQ:MRCY - Get Free Report) has been assigned a consensus rating of "Hold" from the eleven research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $102.00.

A number of research firms have weighed in on MRCY. Weiss Ratings reiterated a "sell (d-)" rating on shares of Mercury Systems in a research note on Friday, July 17th. Piper Sandler started coverage on Mercury Systems in a report on Wednesday. They issued an "overweight" rating and a $126.00 price target for the company. Truist Financial raised shares of Mercury Systems to a "strong-buy" rating in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft downgraded shares of Mercury Systems to a "hold" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Mercury Systems from $99.00 to $101.00 and gave the company a "neutral" rating in a report on Monday, July 13th.

Mercury Systems Stock Performance

NASDAQ MRCY opened at $111.12 on Monday. The company has a market capitalization of $6.67 billion, a PE ratio of -463.00 and a beta of 0.95. The company has a fifty day moving average of $108.76 and a 200 day moving average of $94.73. Mercury Systems has a 1 year low of $62.78 and a 1 year high of $128.45. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.19 and a quick ratio of 2.15.

Insider Activity at Mercury Systems

In related news, Director Howard L. Lance sold 9,250 shares of Mercury Systems stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $99.76, for a total value of $922,780.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is owned by company insiders.

Institutional Trading of Mercury Systems

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Mercury Systems during the 2nd quarter worth approximately $1,146,342,000. State Street Corp grew its stake in Mercury Systems by 12.1% in the 4th quarter. State Street Corp now owns 3,423,600 shares of the technology company's stock valued at $249,957,000 after acquiring an additional 368,242 shares during the period. Invesco Ltd. grew its stake in Mercury Systems by 25.1% in the 4th quarter. Invesco Ltd. now owns 1,910,742 shares of the technology company's stock valued at $139,503,000 after acquiring an additional 383,299 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in Mercury Systems by 1.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,542,851 shares of the technology company's stock worth $112,644,000 after acquiring an additional 21,182 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Mercury Systems by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 1,368,659 shares of the technology company's stock worth $99,940,000 after acquiring an additional 47,174 shares in the last quarter. 95.99% of the stock is owned by institutional investors and hedge funds.

About Mercury Systems

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.

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