Mercury Systems, Inc. (NASDAQ:MRCY) Receives Consensus Rating of “Reduce” from Analysts

Mercury Systems, Inc. (NASDAQ:MRCY) has been given a consensus recommendation of “Reduce” by the eight ratings firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $33.50.

MRCY has been the subject of several research reports. Robert W. Baird increased their price objective on shares of Mercury Systems from $26.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, August 14th. Royal Bank of Canada raised their price objective on Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a report on Wednesday, August 14th. JPMorgan Chase & Co. upped their target price on Mercury Systems from $26.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, September 5th. StockNews.com raised Mercury Systems from a “sell” rating to a “hold” rating in a research note on Saturday, October 5th. Finally, Truist Financial upped their price objective on Mercury Systems from $26.00 to $31.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th.

Mercury Systems Stock Up 0.2 %

Shares of MRCY opened at $33.25 on Tuesday. The firm has a 50 day simple moving average of $35.96 and a two-hundred day simple moving average of $33.05. The company has a market cap of $1.98 billion, a P/E ratio of -13.91 and a beta of 0.71. Mercury Systems has a one year low of $25.31 and a one year high of $42.72. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.07 and a quick ratio of 2.64.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, August 13th. The technology company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.32. The business had revenue of $248.56 million during the quarter, compared to the consensus estimate of $223.80 million. Mercury Systems had a negative return on equity of 4.92% and a negative net margin of 16.48%. Research analysts forecast that Mercury Systems will post -0.52 EPS for the current fiscal year.

Insider Transactions at Mercury Systems

In related news, CEO William L. Ballhaus sold 6,549 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $39.49, for a total value of $258,620.01. Following the sale, the chief executive officer now directly owns 353,481 shares in the company, valued at $13,958,964.69. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Steven Ratner sold 3,891 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $38.41, for a total transaction of $149,453.31. Following the transaction, the executive vice president now directly owns 60,079 shares of the company’s stock, valued at $2,307,634.39. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William L. Ballhaus sold 6,549 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $39.49, for a total transaction of $258,620.01. Following the transaction, the chief executive officer now directly owns 353,481 shares in the company, valued at $13,958,964.69. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,099 shares of company stock worth $865,740 over the last ninety days. 1.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Mercury Systems

A number of hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in Mercury Systems by 144.0% during the third quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock worth $25,000 after buying an additional 393 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Mercury Systems by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 26,300 shares of the technology company’s stock valued at $710,000 after purchasing an additional 400 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in Mercury Systems by 1.5% in the first quarter. Illinois Municipal Retirement Fund now owns 29,782 shares of the technology company’s stock worth $879,000 after buying an additional 450 shares during the last quarter. nVerses Capital LLC raised its stake in shares of Mercury Systems by 16.7% in the third quarter. nVerses Capital LLC now owns 3,500 shares of the technology company’s stock valued at $130,000 after buying an additional 500 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in Mercury Systems by 43.2% during the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock valued at $62,000 after purchasing an additional 503 shares during the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Company Profile

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.