Mercury Systems, Inc. (NASDAQ:MRCY) Given Average Recommendation of "Moderate Buy" by Brokerages

Mercury Systems, Inc. (NASDAQ:MRCY - Get Free Report) has earned an average rating of "Moderate Buy" from the eight research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $43.86.

A number of equities research analysts have weighed in on MRCY shares. Robert W. Baird raised Mercury Systems from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $37.00 to $58.00 in a report on Wednesday, February 5th. Truist Financial upgraded Mercury Systems from a "hold" rating to a "buy" rating and lifted their price target for the company from $49.00 to $56.00 in a research note on Thursday, March 13th. The Goldman Sachs Group increased their price objective on Mercury Systems from $25.00 to $28.00 and gave the stock a "sell" rating in a research report on Thursday, January 16th. Finally, Baird R W raised Mercury Systems from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th.

Mercury Systems Stock Performance

Shares of NASDAQ MRCY traded up $1.44 during mid-day trading on Friday, hitting $42.96. 761,168 shares of the company were exchanged, compared to its average volume of 566,541. The stock has a 50 day simple moving average of $44.27 and a 200-day simple moving average of $40.90. Mercury Systems has a 1-year low of $26.48 and a 1-year high of $52.25. The company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of -27.54 and a beta of 0.86.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Mercury Systems had a negative return on equity of 2.03% and a negative net margin of 10.23%. On average, sell-side analysts forecast that Mercury Systems will post -0.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Douglas Munro sold 595 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $26,251.40. Following the completion of the transaction, the chief accounting officer now directly owns 14,572 shares of the company's stock, valued at $642,916.64. This trade represents a 3.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Charles Roger Iv Wells sold 2,342 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $103,329.04. Following the completion of the sale, the chief operating officer now directly owns 95,928 shares in the company, valued at approximately $4,232,343.36. The trade was a 2.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,314 shares of company stock worth $234,454. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mercury Systems

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Mercury Systems by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,550,610 shares of the technology company's stock valued at $233,126,000 after purchasing an additional 41,324 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Mercury Systems by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,202,124 shares of the technology company's stock worth $92,490,000 after buying an additional 52,725 shares in the last quarter. Conestoga Capital Advisors LLC raised its position in shares of Mercury Systems by 55.9% in the fourth quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company's stock valued at $87,058,000 after buying an additional 743,552 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Mercury Systems by 16.7% during the fourth quarter. Victory Capital Management Inc. now owns 2,060,131 shares of the technology company's stock valued at $86,526,000 after buying an additional 294,747 shares during the period. Finally, Millennium Management LLC boosted its position in Mercury Systems by 196.1% during the fourth quarter. Millennium Management LLC now owns 1,023,508 shares of the technology company's stock worth $42,987,000 after acquiring an additional 677,894 shares during the last quarter. 95.99% of the stock is owned by institutional investors and hedge funds.

About Mercury Systems

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.