Mercury Systems (NASDAQ:MRCY) Trading Up 2.6% - Time to Buy?

Mercury Systems, Inc. (NASDAQ:MRCY - Get Free Report)'s share price was up 2.6% during mid-day trading on Tuesday . The company traded as high as $43.73 and last traded at $42.62. Approximately 396,523 shares traded hands during trading, a decline of 30% from the average daily volume of 564,332 shares. The stock had previously closed at $41.52.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MRCY shares. Baird R W raised shares of Mercury Systems from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. The Goldman Sachs Group raised their price target on Mercury Systems from $25.00 to $28.00 and gave the company a "sell" rating in a report on Thursday, January 16th. 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. Finally, Robert W. Baird upgraded Mercury Systems from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $37.00 to $58.00 in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $43.86.

Mercury Systems Price Performance

The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.36 and a current ratio of 3.62. The stock has a market capitalization of $2.76 billion, a PE ratio of -29.60 and a beta of 0.86. The company's fifty day simple moving average is $44.55 and its two-hundred day simple moving average is $41.11.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates 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%. As a group, sell-side analysts predict that Mercury Systems, Inc. will post -0.08 EPS for the current year.

Insider Activity at Mercury Systems

In other news, COO Charles Roger Iv Wells sold 2,342 shares of the business'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 transaction, the chief operating officer now owns 95,928 shares of the company's stock, valued at $4,232,343.36. The trade was a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Stuart Kupinsky sold 2,377 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total transaction of $104,873.24. Following the sale, the executive vice president now owns 62,834 shares in the company, valued at approximately $2,772,236.08. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,314 shares of company stock valued at $234,454 over the last quarter. Insiders own 1.60% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Corient Private Wealth LLC grew its position in shares of Mercury Systems by 4.0% in the fourth quarter. Corient Private Wealth LLC now owns 6,858 shares of the technology company's stock valued at $288,000 after purchasing an additional 266 shares during the period. Ironwood Investment Management LLC boosted its stake in Mercury Systems by 0.7% in the 4th quarter. Ironwood Investment Management LLC now owns 40,994 shares of the technology company's stock worth $1,722,000 after buying an additional 300 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in Mercury Systems by 8.1% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 6,867 shares of the technology company's stock valued at $288,000 after buying an additional 517 shares during the period. Bank of Montreal Can increased its stake in shares of Mercury Systems by 5.0% during the 4th quarter. Bank of Montreal Can now owns 10,984 shares of the technology company's stock valued at $461,000 after acquiring an additional 519 shares during the last quarter. Finally, Johnson Investment Counsel Inc. increased its stake in shares of Mercury Systems by 9.1% during the 4th quarter. Johnson Investment Counsel Inc. now owns 6,641 shares of the technology company's stock valued at $279,000 after acquiring an additional 555 shares during the last quarter. Hedge funds and other institutional investors own 95.99% of the company's stock.

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.