Analysts Set Mercury Systems Inc (NASDAQ:MRCY) PT at $81.00

Shares of Mercury Systems Inc (NASDAQ:MRCY) have received an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $81.00.

A number of equities analysts have weighed in on MRCY shares. Wall Street Zen lowered shares of Mercury Systems from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Truist Financial boosted their price target on shares of Mercury Systems from $71.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mercury Systems in a report on Wednesday, October 8th. Raymond James Financial reiterated a “strong-buy” rating and issued a $100.00 price objective on shares of Mercury Systems in a research note on Wednesday, November 5th. Finally, UBS Group set a $88.00 target price on shares of Mercury Systems in a report on Thursday, October 2nd.

Insider Buying and Selling

In other Mercury Systems news, Director Jana Partners Management, Lp sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $75.45, for a total value of $75,450,000.00. Following the completion of the transaction, the director owned 4,966,675 shares in the company, valued at $374,735,628.75. This trade represents a 16.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Debora A. Plunkett sold 1,700 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $73.99, for a total value of $125,783.00. Following the sale, the director owned 16,833 shares in the company, valued at approximately $1,245,473.67. This represents a 9.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,003,029 shares of company stock valued at $75,673,358. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of Mercury Systems

Several institutional investors and hedge funds have recently bought and sold shares of MRCY. Salomon & Ludwin LLC purchased a new position in shares of Mercury Systems during the 3rd quarter valued at $32,000. AlphaQuest LLC boosted its stake in Mercury Systems by 41.9% during the third quarter. AlphaQuest LLC now owns 569 shares of the technology company’s stock valued at $44,000 after buying an additional 168 shares during the period. Osaic Holdings Inc. grew its position in Mercury Systems by 53.2% during the second quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock worth $32,000 after buying an additional 208 shares in the last quarter. Quaker Wealth Management LLC grew its position in Mercury Systems by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 644 shares of the technology company’s stock worth $35,000 after buying an additional 1,288 shares in the last quarter. Finally, Federated Hermes Inc. bought a new position in Mercury Systems in the 2nd quarter worth about $43,000. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Mercury Systems Stock Up 3.6%

MRCY opened at $84.25 on Friday. Mercury Systems has a twelve month low of $39.42 and a twelve month high of $85.33. The company’s 50-day moving average price is $72.73 and its two-hundred day moving average price is $67.80. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of -147.81, a PEG ratio of 3.60 and a beta of 0.78. The company has a quick ratio of 2.31, a current ratio of 3.37 and a debt-to-equity ratio of 0.40.

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

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.