Mercury Systems (NASDAQ:MRCY) Trading 3.8% Higher - Should You Buy?

Mercury Systems, Inc. (NASDAQ:MRCY - Get Free Report) traded up 3.8% during trading on Friday . The stock traded as high as $53.00 and last traded at $53.53. 142,993 shares changed hands during trading, a decline of 76% from the average session volume of 590,402 shares. The stock had previously closed at $51.57.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Royal Bank of Canada boosted their target price on shares of Mercury Systems from $48.00 to $50.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. Truist Financial boosted their target price 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. Finally, The Goldman Sachs Group boosted their price objective on shares of Mercury Systems from $30.00 to $33.00 and gave the stock a "sell" rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $47.29.

Mercury Systems Stock Up 2.7%

The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.36 and a current ratio of 3.62. The firm's 50-day moving average is $48.53 and its 200 day moving average is $44.74. The firm has a market capitalization of $3.17 billion, a PE ratio of -33.96 and a beta of 0.68.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced 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. Mercury Systems had a negative net margin of 10.23% and a negative return on equity of 2.03%. The firm had revenue of $211.36 million during the quarter, compared to the consensus estimate of $204.25 million. During the same quarter in the previous year, the company posted ($0.26) EPS. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. As a group, research analysts forecast that Mercury Systems, Inc. will post -0.08 earnings per share for the current fiscal year.

Insider Activity at Mercury Systems

In related news, Director Jana Partners Management, Lp sold 88,152 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $46.27, for a total value of $4,078,793.04. Following the completion of the transaction, the director now owns 6,861,313 shares of the company's stock, valued at approximately $317,472,952.51. The trade was a 1.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Steven Ratner sold 3,892 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $47.70, for a total transaction of $185,648.40. Following the completion of the transaction, the executive vice president now directly owns 56,187 shares of the company's stock, valued at $2,680,119.90. The trade was a 6.48% decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MRCY. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Mercury Systems during the 4th quarter valued at about $75,000. Van ECK Associates Corp increased its stake in shares of Mercury Systems by 35.1% during the 4th quarter. Van ECK Associates Corp now owns 297,109 shares of the technology company's stock valued at $12,479,000 after acquiring an additional 77,254 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Mercury Systems by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 245,880 shares of the technology company's stock valued at $10,327,000 after acquiring an additional 7,512 shares during the last quarter. CIBC Asset Management Inc acquired a new position in shares of Mercury Systems during the 4th quarter valued at about $225,000. Finally, Ieq Capital LLC acquired a new position in shares of Mercury Systems during the 4th quarter valued at about $241,000. Institutional investors and hedge funds own 95.99% of the company's stock.

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.