Mercury Systems Inc (MRCY) Receives Average Recommendation of “Hold” from Brokerages

Mercury Systems Inc (NASDAQ:MRCY) has been assigned an average rating of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $54.00.

MRCY has been the subject of a number of recent research reports. Robert W. Baird reiterated a “buy” rating and set a $48.00 price objective on shares of Mercury Systems in a research report on Tuesday, October 24th. Noble Financial reiterated a “hold” rating on shares of Mercury Systems in a research report on Thursday, October 26th. Zacks Investment Research upgraded Mercury Systems from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Tuesday, October 31st. BidaskClub downgraded Mercury Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, SunTrust Banks reiterated a “buy” rating and set a $61.00 price objective on shares of Mercury Systems in a research report on Tuesday, January 9th.

In other news, Director Vincent Vitto sold 8,500 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $52.04, for a total value of $442,340.00. Following the completion of the sale, the director now owns 79,539 shares in the company, valued at $4,139,209.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Aslett sold 9,600 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $44.44, for a total value of $426,624.00. Following the completion of the sale, the insider now owns 461,782 shares of the company’s stock, valued at approximately $20,521,592.08. The disclosure for this sale can be found here. Insiders sold 67,100 shares of company stock valued at $3,330,747 in the last 90 days. Corporate insiders own 3.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MRCY. Atlantic Trust Group LLC acquired a new position in shares of Mercury Systems in the third quarter worth $1,258,000. Bamco Inc. NY increased its stake in shares of Mercury Systems by 8.9% in the third quarter. Bamco Inc. NY now owns 1,226,000 shares of the technology company’s stock worth $63,605,000 after acquiring an additional 100,000 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Mercury Systems in the third quarter worth $1,065,000. Legal & General Group Plc increased its stake in shares of Mercury Systems by 8.2% in the third quarter. Legal & General Group Plc now owns 93,854 shares of the technology company’s stock worth $4,866,000 after acquiring an additional 7,122 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Mercury Systems in the third quarter worth $404,000. Institutional investors own 94.86% of the company’s stock.

Mercury Systems (MRCY) traded down $0.55 on Tuesday, reaching $45.31. The company’s stock had a trading volume of 309,387 shares, compared to its average volume of 462,426. The firm has a market capitalization of $2,212.41, a P/E ratio of 49.25, a price-to-earnings-growth ratio of 3.68 and a beta of 0.33. Mercury Systems has a 12-month low of $36.09 and a 12-month high of $55.00.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, January 23rd. The technology company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Mercury Systems had a return on equity of 6.32% and a net margin of 9.61%. The firm had revenue of $117.90 million during the quarter, compared to analyst estimates of $114.89 million. During the same quarter last year, the company earned $0.30 earnings per share. The business’s revenue for the quarter was up 20.3% on a year-over-year basis. analysts forecast that Mercury Systems will post 1.09 EPS for the current year.

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Mercury Systems Company Profile

Mercury Systems, Inc is a commercial provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. Its technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.

Analyst Recommendations for Mercury Systems (NASDAQ:MRCY)

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