Mercury Systems Inc (NASDAQ:MRCY) Stock Has Average Price Target of $107.18

Shares of Mercury Systems Inc (NASDAQ:MRCY) have been given a consensus rating of “Hold” by the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $107.90.

Several equities research analysts have recently issued reports on the stock. Weiss Ratings cut shares of Mercury Systems from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, September 28th. Royal Bank Of Canada reduced their target price on shares of Mercury Systems from $120.00 to $105.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 28th. Truist Financial raised their price objective on shares of Mercury Systems from $109.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. JPMorgan Chase & Co. increased their price objective on Mercury Systems from $99.00 to $101.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Finally, Zacks Research cut Mercury Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th.

Insider Buying and Selling

In other news, CEO William L. Ballhaus sold 49,090 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $89.10, for a total value of $4,373,919.00. Following the completion of the transaction, the chief executive officer directly owned 361,822 shares in the company, valued at approximately $32,238,340.20. This represents a 11.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven Ratner sold 4,000 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $84.51, for a total value of $338,040.00. Following the completion of the sale, the executive vice president directly owned 19,275 shares in the company, valued at $1,628,930.25. The trade was a 17.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 452,186 shares of company stock worth $41,933,170 in the last ninety days. 0.99% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mercury Systems

Hedge funds have recently modified their holdings of the company. Verdence Capital Advisors LLC raised its stake in Mercury Systems by 4.7% during the third quarter. Verdence Capital Advisors LLC now owns 3,169 shares of the technology company’s stock worth $263,000 after purchasing an additional 143 shares during the period. GAMMA Investing LLC grew its holdings in shares of Mercury Systems by 8.5% in the second quarter. GAMMA Investing LLC now owns 1,984 shares of the technology company’s stock valued at $243,000 after acquiring an additional 155 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Mercury Systems by 2.1% in the third quarter. Quadrant Capital Group LLC now owns 8,017 shares of the technology company’s stock worth $615,000 after acquiring an additional 167 shares during the last quarter. Guidance Capital Inc. lifted its holdings in shares of Mercury Systems by 2.5% in the 3rd quarter. Guidance Capital Inc. now owns 7,098 shares of the technology company’s stock worth $549,000 after acquiring an additional 171 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in Mercury Systems by 0.7% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 29,433 shares of the technology company’s stock valued at $2,443,000 after acquiring an additional 206 shares during the period. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Mercury Systems Trading Up 12.2%

Mercury Systems stock opened at $73.55 on Friday. The firm has a market capitalization of $4.48 billion, a PE ratio of 241.78 and a beta of 0.98. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 2.96. The business’s 50-day simple moving average is $80.36 and its 200-day simple moving average is $91.17. Mercury Systems has a 52 week low of $64.37 and a 52 week high of $128.45.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, August 18th. The technology company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The business had revenue of $289.78 million for the quarter, compared to the consensus estimate of $266.09 million. Mercury Systems had a positive return on equity of 1.29% and a negative net margin of 3.02%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Equities research analysts forecast that Mercury Systems will post 0.91 earnings per share for the current year.

Mercury Systems Company Profile

Mercury Systems, Inc is an aerospace and defense technology company that develops and manufactures mission-critical computing and electronic systems. Its products are designed for use in aircraft, unmanned systems, naval vessels, ground vehicles, radar platforms and other defense applications.

The company provides embedded computing solutions, including high-performance processors, ruggedized computers, secure servers, data-storage systems and software. Its portfolio also includes radio-frequency and microwave components, electronic warfare systems, signal processing technologies and systems used for radar, communications, avionics and intelligence, surveillance and reconnaissance missions.

Founded in 1981 and headquartered in Andover, Massachusetts, Mercury Systems primarily serves the U.S.