Shares of Mercury Systems Inc (NASDAQ:MRCY) have been given an average rating of “Buy” by the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $68.67.

Several research firms recently commented on MRCY. Canaccord Genuity set a $107.00 target price on Columbia Sportswear and gave the company a “hold” rating in a research note on Friday, April 26th. BidaskClub lowered Zions Bancorporation NA from a “sell” rating to a “strong sell” rating in a research note on Friday, March 22nd. Alembic Global Advisors upgraded Mercury Systems from a “neutral” rating to an “overweight” rating in a research note on Wednesday, May 1st. Finally, Zacks Investment Research reiterated a “hold” rating on shares of Western New England Bancorp in a research note on Saturday, June 29th.

In related news, insider Mark Aslett sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $74.03, for a total value of $740,300.00. Following the completion of the transaction, the insider now directly owns 357,440 shares in the company, valued at $26,461,283.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 40,000 shares of company stock valued at $2,764,500 over the last quarter. Insiders own 2.80% of the company’s stock.

Large investors have recently made changes to their positions in the business. CIBC Asset Management Inc purchased a new stake in shares of Mercury Systems in the first quarter worth about $227,000. Norges Bank purchased a new stake in shares of Mercury Systems in the fourth quarter worth about $22,017,000. Oregon Public Employees Retirement Fund purchased a new stake in shares of Mercury Systems in the fourth quarter worth about $870,000. Sawgrass Asset Management LLC purchased a new stake in shares of Mercury Systems in the first quarter worth about $544,000. Finally, Tibra Equities Europe Ltd boosted its position in shares of Mercury Systems by 178.0% in the first quarter. Tibra Equities Europe Ltd now owns 34,200 shares of the technology company’s stock worth $2,192,000 after buying an additional 21,900 shares during the period. Institutional investors own 84.31% of the company’s stock.

Shares of NASDAQ MRCY traded up $0.24 during trading on Friday, reaching $72.10. The company had a trading volume of 6,013 shares, compared to its average volume of 424,076. Mercury Systems has a twelve month low of $38.36 and a twelve month high of $79.83. The stock has a market capitalization of $4.00 billion, a PE ratio of 63.43, a PEG ratio of 3.68 and a beta of 1.10. The business’s 50-day simple moving average is $68.74. The company has a quick ratio of 3.13, a current ratio of 4.53 and a debt-to-equity ratio of 0.34.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, April 30th. The technology company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.04. Mercury Systems had a return on equity of 9.24% and a net margin of 6.99%. The company had revenue of $174.60 million during the quarter, compared to analysts’ expectations of $165.61 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The business’s revenue for the quarter was up 50.1% compared to the same quarter last year. Equities research analysts expect that Mercury Systems will post 1.51 EPS for the current fiscal year.

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. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors. The company's principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, Paveway, Filthy Buzzard, PGK, ProVision, P1, and AIDEWS.

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