Shares of Mercury Systems Inc (NASDAQ:MRCY) have been assigned a consensus rating of “Buy” from the nine analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $42.00.
A number of equities analysts have recently commented on MRCY shares. J P Morgan Chase & Co assumed coverage on Mercury Systems in a report on Thursday, March 9th. They issued an “overweight” rating and a $48.00 price objective on the stock. Citigroup Inc. increased their target price on Mercury Systems to $48.00 and gave the company a “buy” rating in a research note on Monday, March 20th. Jefferies Group LLC reiterated a “hold” rating and issued a $30.00 target price on shares of Mercury Systems in a research note on Monday, March 27th. Zacks Investment Research upgraded Mercury Systems from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Thursday, April 13th. Finally, Noble Financial reiterated a “hold” rating on shares of Mercury Systems in a research note on Thursday, April 20th.
Mercury Systems (NASDAQ:MRCY) traded down 0.10% during trading on Tuesday, reaching $38.34. The company’s stock had a trading volume of 472,647 shares. Mercury Systems has a 1-year low of $21.52 and a 1-year high of $41.49. The company’s 50-day moving average is $39.33 and its 200-day moving average is $36.09. The company has a market capitalization of $1.84 billion, a P/E ratio of 66.22 and a beta of 0.42.
Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, April 25th. The technology company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $107.30 million for the quarter, compared to the consensus estimate of $105.54 million. Mercury Systems had a return on equity of 4.58% and a net margin of 6.48%. The company’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same period last year, the business posted $0.25 EPS. Equities analysts anticipate that Mercury Systems will post $1.10 EPS for the current year.
In related news, Director Michael A. Daniels bought 2,683 shares of the stock in a transaction dated Friday, April 28th. The stock was acquired at an average price of $37.31 per share, for a total transaction of $100,102.73. Following the completion of the purchase, the director now owns 60,096 shares in the company, valued at $2,242,181.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark Aslett sold 9,400 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $38.04, for a total value of $357,576.00. Following the completion of the sale, the insider now owns 538,249 shares of the company’s stock, valued at approximately $20,474,991.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,200 shares of company stock valued at $2,719,188. Insiders own 4.30% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Flinton Capital Management LLC raised its stake in shares of Mercury Systems by 18.6% in the first quarter. Flinton Capital Management LLC now owns 2,822 shares of the technology company’s stock worth $110,000 after buying an additional 442 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Mercury Systems during the first quarter worth $116,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Mercury Systems during the first quarter worth $153,000. First Mercantile Trust Co. acquired a new stake in shares of Mercury Systems during the first quarter worth $159,000. Finally, LS Investment Advisors LLC raised its stake in shares of Mercury Systems by 219.1% in the first quarter. LS Investment Advisors LLC now owns 4,799 shares of the technology company’s stock worth $187,000 after buying an additional 3,295 shares during the period. Hedge funds and other institutional investors own 99.50% of the company’s stock.
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About Mercury Systems
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.
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