Mercury Systems, Inc. (NASDAQ:MRCY - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $53.19 and last traded at $53.14, with a volume of 632977 shares. The stock had previously closed at $52.01.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on MRCY shares. The Goldman Sachs Group upped their price objective on 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 upped their price objective on Mercury Systems from $48.00 to $50.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th. Finally, Truist Financial upped their price objective on Mercury Systems from $56.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $47.29.
Check Out Our Latest Analysis on MRCY
Mercury Systems Trading Up 2.2%
The stock has a market cap of $3.18 billion, a P/E ratio of -34.06 and a beta of 0.68. The company has a current ratio of 3.62, a quick ratio of 2.36 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $47.62 and a two-hundred day moving average price of $44.29.
Mercury Systems (NASDAQ:MRCY - Get Free Report) last released its earnings results on Tuesday, May 6th. The technology company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $211.36 million for the quarter, compared to the consensus estimate of $204.25 million. Mercury Systems had a negative return on equity of 2.03% and a negative net margin of 10.23%. The company's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.26) EPS. On average, research analysts expect that Mercury Systems, Inc. will post -0.08 EPS for the current fiscal year.
Insider Buying and Selling at Mercury Systems
In other Mercury Systems news, EVP Steven Ratner sold 3,892 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $47.70, for a total value of $185,648.40. Following the transaction, the executive vice president now owns 56,187 shares of the company's stock, valued at $2,680,119.90. This represents a 6.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jana Partners Management, Lp sold 88,152 shares of the stock in a transaction on 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 transaction, the director now directly owns 6,861,313 shares in the company, valued at $317,472,952.51. The trade was a 1.27% decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Mercury Systems
Hedge funds and other institutional investors have recently made changes to their positions in the company. Neo Ivy Capital Management bought a new position in shares of Mercury Systems during the 4th quarter worth $33,000. GAMMA Investing LLC grew its position in shares of 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 buying an additional 395 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Mercury Systems by 53.8% during the 1st quarter. Fifth Third Bancorp now owns 1,290 shares of the technology company's stock worth $56,000 after buying an additional 451 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of Mercury Systems by 762.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company's stock worth $69,000 after buying an additional 1,449 shares in the last quarter. Finally, Nkcfo LLC bought a new position in shares of Mercury Systems during the 1st quarter worth $72,000. Institutional investors own 95.99% of the company's stock.
Mercury Systems Company Profile
(
Get Free Report)
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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