Mercury Systems Inc (NASDAQ:MRCY) has received an average rating of “Hold” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $55.20.
A number of brokerages recently issued reports on MRCY. Citigroup reissued a “buy” rating and issued a $61.00 price objective on shares of Mercury Systems in a report on Wednesday, January 24th. Zacks Investment Research lowered Mercury Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 28th. BidaskClub lowered Mercury Systems from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Bank of America decreased their price target on Mercury Systems from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Finally, Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a research note on Thursday, January 25th.
Shares of Mercury Systems (MRCY) traded down $0.68 during mid-day trading on Friday, reaching $46.84. The company had a trading volume of 59,733 shares, compared to its average volume of 382,912. Mercury Systems has a 1-year low of $36.09 and a 1-year high of $55.00. The company has a market cap of $2,287.18, a price-to-earnings ratio of 51.05, a price-to-earnings-growth ratio of 3.80 and a beta of 0.40.
Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, January 23rd. The technology company reported $0.28 earnings per share (EPS) 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 business had revenue of $117.90 million during the quarter, compared to the consensus estimate of $114.89 million. During the same period last year, the company earned $0.30 earnings per share. The business’s quarterly revenue was up 20.3% compared to the same quarter last year. equities research analysts forecast that Mercury Systems will post 1.09 earnings per share for the current fiscal year.
In other Mercury Systems news, insider Mark Aslett sold 9,600 shares of the stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $48.35, for a total transaction of $464,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Didier M. C. Thibaud sold 3,500 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $51.07, for a total value of $178,745.00. Following the sale, the chief operating officer now directly owns 369,440 shares of the company’s stock, valued at $18,867,300.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,400 shares of company stock valued at $3,083,053. 3.50% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Group Inc. boosted its stake in shares of Mercury Systems by 97.8% during the 3rd quarter. Advisor Group Inc. now owns 2,556 shares of the technology company’s stock worth $132,000 after acquiring an additional 1,264 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Mercury Systems during the 4th quarter worth $149,000. Teacher Retirement System of Texas bought a new stake in shares of Mercury Systems during the 3rd quarter worth $206,000. Dorsey & Whitney Trust CO LLC bought a new stake in shares of Mercury Systems during the 3rd quarter worth $215,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Mercury Systems during the 4th quarter worth $229,000. 93.52% of the stock is owned by institutional investors and hedge funds.
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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.
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