BidaskClub upgraded shares of Mercury Systems (NASDAQ:MRCY) from a hold rating to a buy rating in a research report report published on Tuesday morning.

MRCY has been the topic of a number of other research reports. Zacks Investment Research lowered Mercury Systems from a hold rating to a sell rating in a report on Tuesday, July 24th. ValuEngine raised Mercury Systems from a sell rating to a hold rating in a report on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Mercury Systems has an average rating of Hold and a consensus price target of $51.33.

Shares of NASDAQ MRCY opened at $56.45 on Tuesday. The company has a current ratio of 4.63, a quick ratio of 3.11 and a debt-to-equity ratio of 0.25. The stock has a market cap of $2.62 billion, a PE ratio of 49.96, a P/E/G ratio of 3.74 and a beta of 0.55. Mercury Systems has a 52 week low of $30.11 and a 52 week high of $56.64.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, July 31st. The technology company reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.05. The business had revenue of $152.87 million for the quarter, compared to analyst estimates of $149.31 million. Mercury Systems had a return on equity of 7.47% and a net margin of 8.29%. The firm’s revenue for the quarter was up 32.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 EPS. research analysts expect that Mercury Systems will post 1.36 earnings per share for the current year.

In related news, COO Didier M. C. Thibaud sold 3,500 shares of the stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $54.23, for a total transaction of $189,805.00. Following the completion of the sale, the chief operating officer now owns 318,525 shares in the company, valued at approximately $17,273,610.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Didier M. C. Thibaud sold 28,000 shares of the stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $48.00, for a total value of $1,344,000.00. Following the sale, the chief operating officer now owns 320,440 shares of the company’s stock, valued at approximately $15,381,120. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,000 shares of company stock valued at $1,707,615. 3.50% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Congress Asset Management Co. MA lifted its position in shares of Mercury Systems by 21.6% in the 2nd quarter. Congress Asset Management Co. MA now owns 69,017 shares of the technology company’s stock worth $2,627,000 after acquiring an additional 12,263 shares during the period. Fiera Capital Corp lifted its position in shares of Mercury Systems by 58.0% in the 2nd quarter. Fiera Capital Corp now owns 204,251 shares of the technology company’s stock worth $7,774,000 after acquiring an additional 74,942 shares during the period. Granite Investment Partners LLC lifted its position in shares of Mercury Systems by 60.2% in the 2nd quarter. Granite Investment Partners LLC now owns 398,615 shares of the technology company’s stock worth $15,171,000 after acquiring an additional 149,765 shares during the period. Baird Financial Group Inc. lifted its position in shares of Mercury Systems by 29.7% in the 1st quarter. Baird Financial Group Inc. now owns 646,416 shares of the technology company’s stock worth $31,235,000 after acquiring an additional 147,968 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Mercury Systems by 59.4% in the 1st quarter. Sei Investments Co. now owns 87,406 shares of the technology company’s stock worth $4,223,000 after acquiring an additional 32,563 shares during the period. Institutional investors own 96.81% of the company’s stock.

Mercury Systems Company Profile

Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. The company's products and solutions are deployed in approximately 300 programs with 25 defense prime contractors. Its principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, and Paveway.

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Analyst Recommendations for Mercury Systems (NASDAQ:MRCY)

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