Mercury Systems (NASDAQ:MRCY) had its price objective cut by analysts at Bank of America from $60.00 to $50.00 in a report released on Thursday, February 8th. The firm currently has a “buy” rating on the technology company’s stock. Bank of America’s price target indicates a potential upside of 9.03% from the company’s previous close.
Several other analysts also recently weighed in on MRCY. SunTrust Banks restated a “buy” rating on shares of Mercury Systems in a research report on Friday, October 20th. Robert W. Baird reiterated a “buy” rating and issued a $48.00 price target on shares of Mercury Systems in a research report on Tuesday, October 24th. Noble Financial reiterated a “hold” rating on shares of Mercury Systems in a research report on Thursday, October 26th. Zacks Investment Research upgraded shares of Mercury Systems from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Tuesday, October 31st. Finally, BidaskClub downgraded shares of Mercury Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Mercury Systems has a consensus rating of “Hold” and a consensus target price of $54.71.
Shares of Mercury Systems (NASDAQ:MRCY) traded up $0.40 during trading hours on Thursday, hitting $45.86. 261,748 shares of the stock traded hands, compared to its average volume of 484,777. The stock has a market cap of $2,230.00, a P/E ratio of 49.85, a PEG ratio of 3.65 and a beta of 0.33. Mercury Systems has a twelve month low of $36.09 and a twelve month high of $55.00.
Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, January 23rd. The technology company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). The company had revenue of $117.90 million for the quarter, compared to analysts’ expectations of $114.89 million. Mercury Systems had a return on equity of 6.32% and a net margin of 9.61%. The firm’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 EPS. sell-side analysts predict 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 business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $44.44, for a total value of $426,624.00. Following the transaction, the insider now directly owns 461,782 shares of the company’s stock, valued at approximately $20,521,592.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vincent Vitto sold 8,500 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $52.04, for a total transaction of $442,340.00. Following the completion of the transaction, the director now directly owns 79,539 shares in the company, valued at $4,139,209.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,100 shares of company stock valued at $3,330,747. 3.50% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in MRCY. Advisor Group Inc. increased its stake in Mercury Systems by 97.8% in the 3rd quarter. Advisor Group Inc. now owns 2,556 shares of the technology company’s stock valued at $132,000 after buying an additional 1,264 shares during the period. Catalyst Capital Advisors LLC acquired a new position in Mercury Systems in the 4th quarter valued at $149,000. Ameritas Investment Partners Inc. increased its stake in Mercury Systems by 5.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,114 shares of the technology company’s stock valued at $173,000 after buying an additional 195 shares during the period. Shelton Capital Management acquired a new position in Mercury Systems in the 2nd quarter valued at $200,000. Finally, Flinton Capital Management LLC increased its stake in Mercury Systems by 72.3% in the 2nd quarter. Flinton Capital Management LLC now owns 4,862 shares of the technology company’s stock valued at $205,000 after buying an additional 2,040 shares during the period. 94.44% of the stock is currently owned by institutional investors.
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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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