Mercury Systems, Inc. (NASDAQ:MRCY) Receives $43.86 Consensus PT from Analysts

Shares of Mercury Systems, Inc. (NASDAQ:MRCY) have been given a consensus rating of “Moderate Buy” by the eight research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $43.86.

A number of equities research analysts have recently commented on MRCY shares. Robert W. Baird upgraded shares of Mercury Systems from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $37.00 to $58.00 in a report on Wednesday, February 5th. Baird R W raised shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. The Goldman Sachs Group increased their price target on Mercury Systems from $25.00 to $28.00 and gave the stock a “sell” rating in a research note on Thursday, January 16th. Finally, Truist Financial upgraded Mercury Systems from a “hold” rating to a “buy” rating and raised their price objective for the stock from $49.00 to $56.00 in a report on Thursday, March 13th.

Insider Buying and Selling

In related news, CAO Douglas Munro sold 595 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $26,251.40. Following the completion of the sale, the chief accounting officer now owns 14,572 shares of the company’s stock, valued at approximately $642,916.64. This represents a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Charles Roger Iv Wells sold 2,342 shares of Mercury Systems stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $103,329.04. Following the transaction, the chief operating officer now directly owns 95,928 shares in the company, valued at approximately $4,232,343.36. This trade represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,314 shares of company stock valued at $234,454. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MRCY. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Mercury Systems during the 4th quarter valued at about $241,000. Centaurus Financial Inc. purchased a new stake in shares of Mercury Systems during the fourth quarter valued at approximately $212,000. Neo Ivy Capital Management acquired a new position in shares of Mercury Systems during the fourth quarter worth $33,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Mercury Systems by 11.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 140,701 shares of the technology company’s stock valued at $5,909,000 after purchasing an additional 14,129 shares during the period. Finally, Vident Advisory LLC grew its holdings in Mercury Systems by 29.2% during the 4th quarter. Vident Advisory LLC now owns 35,749 shares of the technology company’s stock valued at $1,501,000 after purchasing an additional 8,088 shares in the last quarter. 95.99% of the stock is owned by hedge funds and other institutional investors.

Mercury Systems Trading Down 1.7 %

Shares of Mercury Systems stock opened at $43.62 on Friday. Mercury Systems has a 1 year low of $26.48 and a 1 year high of $52.25. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.36. The business has a 50 day moving average price of $44.16 and a 200 day moving average price of $40.79. The company has a market capitalization of $2.60 billion, a P/E ratio of -27.96 and a beta of 0.79.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Mercury Systems had a negative return on equity of 2.03% and a negative net margin of 10.23%. Sell-side analysts anticipate that Mercury Systems will post -0.08 EPS for the current fiscal year.

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.