Mercury Systems Inc (NASDAQ:MRCY) Receives $86.89 Average Target Price from Analysts

Shares of Mercury Systems Inc (NASDAQ:MRCY) have earned a consensus rating of “Hold” from the ten research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $86.8889.

Several equities research analysts have recently commented on the company. Jefferies Financial Group reissued a “hold” rating and issued a $85.00 price objective on shares of Mercury Systems in a report on Sunday, February 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Mercury Systems in a research note on Thursday, January 22nd. Raymond James Financial reiterated a “strong-buy” rating and issued a $100.00 target price on shares of Mercury Systems in a research note on Wednesday, November 5th. Truist Financial boosted their price target on Mercury Systems from $102.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of Mercury Systems in a research report on Wednesday, February 4th.

Insiders Place Their Bets

In other Mercury Systems news, Director Jana Partners Management, Lp sold 400,000 shares of Mercury Systems stock in a transaction on Monday, February 9th. The shares were sold at an average price of $81.00, for a total transaction of $32,400,000.00. Following the completion of the transaction, the director directly owned 4,566,675 shares of the company’s stock, valued at $369,900,675. The trade was a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Stuart Kupinsky sold 2,287 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $83.56, for a total transaction of $191,101.72. Following the completion of the transaction, the executive vice president owned 68,010 shares in the company, valued at approximately $5,682,915.60. This represents a 3.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 407,701 shares of company stock worth $33,069,685. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Mercury Systems

Hedge funds have recently bought and sold shares of the business. Salomon & Ludwin LLC bought a new position in shares of Mercury Systems in the 3rd quarter valued at $32,000. Osaic Holdings Inc. boosted its stake in Mercury Systems by 53.2% in the second quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock valued at $32,000 after buying an additional 208 shares in the last quarter. Quaker Wealth Management LLC grew its position in Mercury Systems by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 644 shares of the technology company’s stock valued at $35,000 after acquiring an additional 1,288 shares during the last quarter. Leonteq Securities AG bought a new position in shares of Mercury Systems in the fourth quarter worth about $35,000. Finally, Hollencrest Capital Management acquired a new position in Mercury Systems during the 4th quarter worth approximately $37,000. 95.99% of the stock is owned by institutional investors.

Mercury Systems Stock Down 0.6%

Mercury Systems stock opened at $89.03 on Monday. 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 has a 1-year low of $39.89 and a 1-year high of $103.84. The company has a fifty day simple moving average of $87.67 and a 200 day simple moving average of $78.12. The company has a market cap of $5.34 billion, a P/E ratio of -167.98, a price-to-earnings-growth ratio of 8.62 and a beta of 0.75.

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

About Mercury Systems

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.