Mercury Systems (NASDAQ:MRCY) Trading Up 8.2% – Should You Buy?

Shares of Mercury Systems Inc (NASDAQ:MRCY) were up 8.2% during trading on Monday . The company traded as high as $96.91 and last traded at $96.3330. 75,864 shares were traded during mid-day trading, a decline of 89% from the average session volume of 679,407 shares. The stock had previously closed at $89.03.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $105.00 price objective on shares of Mercury Systems in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Mercury Systems in a report on Thursday, January 22nd. The Goldman Sachs Group increased their price target on Mercury Systems from $49.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday, January 20th. Truist Financial raised their price objective on Mercury Systems from $102.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $85.00 target price on shares of Mercury Systems in a report on Sunday, February 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $86.89.

Mercury Systems Price Performance

The stock has a 50-day moving average of $87.67 and a two-hundred day moving average of $78.12. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of -174.48, a price-to-earnings-growth ratio of 8.62 and a beta of 0.75. The company has a current ratio of 2.96, a quick ratio of 2.04 and a debt-to-equity ratio of 0.41.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, February 3rd. The technology company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.07 by $0.09. The company had revenue of $232.87 million during the quarter, compared to analysts’ expectations of $209.96 million. Mercury Systems had a negative net margin of 3.23% and a positive return on equity of 1.28%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the company posted $0.07 earnings per share. On average, analysts anticipate that Mercury Systems Inc will post -0.08 EPS for the current year.

Insiders Place Their Bets

In other Mercury Systems news, CAO Douglas Munro sold 582 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $83.56, for a total value of $48,631.92. Following the completion of the sale, the chief accounting officer owned 14,328 shares in the company, valued at $1,197,247.68. This represents a 3.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stuart Kupinsky sold 2,287 shares of Mercury Systems stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $83.56, for a total value of $191,101.72. Following the sale, the executive vice president directly owned 68,010 shares of the company’s stock, valued at approximately $5,682,915.60. The trade was a 3.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 407,701 shares of company stock valued at $33,069,685 in the last 90 days. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Mercury Systems

A number of institutional investors have recently modified their holdings of MRCY. AQR Capital Management LLC bought a new position in shares of Mercury Systems in the first quarter worth about $755,000. Goldman Sachs Group Inc. raised its stake in Mercury Systems by 51.6% during the first quarter. Goldman Sachs Group Inc. now owns 855,441 shares of the technology company’s stock worth $36,861,000 after acquiring an additional 290,989 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Mercury Systems by 13.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,617 shares of the technology company’s stock worth $6,878,000 after buying an additional 18,916 shares during the last quarter. Jane Street Group LLC boosted its stake in Mercury Systems by 161.3% in the first quarter. Jane Street Group LLC now owns 50,769 shares of the technology company’s stock worth $2,188,000 after purchasing an additional 31,337 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Mercury Systems by 5.4% in the second quarter. Envestnet Asset Management Inc. now owns 16,105 shares of the technology company’s stock valued at $867,000 after buying an additional 822 shares during the last quarter. Institutional investors own 95.99% of the company’s stock.

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.