Mercury Systems Inc (MRCY) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Mercury Systems Inc (NASDAQ:MRCY) have been given a consensus recommendation of “Buy” by the nine research firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $50.00.

MRCY has been the subject of a number of recent research reports. Zacks Investment Research lowered Mercury Systems from a “hold” rating to a “sell” rating in a research note on Thursday, September 14th. Noble Financial reiterated a “hold” rating on shares of Mercury Systems in a research note on Thursday, October 26th. Robert W. Baird lifted their price objective on Mercury Systems from $48.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Finally, SunTrust Banks reiterated a “buy” rating on shares of Mercury Systems in a research note on Friday, October 20th.

In related news, insider Mark Aslett sold 9,600 shares of Mercury Systems stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $47.32, for a total value of $454,272.00. Following the completion of the transaction, the insider now owns 519,382 shares in the company, valued at approximately $24,577,156.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Vincent Vitto sold 8,500 shares of Mercury Systems stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $52.04, for a total value of $442,340.00. Following the completion of the transaction, the director now owns 79,539 shares of the company’s stock, valued at approximately $4,139,209.56. The disclosure for this sale can be found here. Insiders have sold a total of 64,900 shares of company stock valued at $3,260,837 in the last quarter. Company insiders own 3.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in MRCY. Teachers Advisors LLC increased its stake in shares of Mercury Systems by 26.2% in the 1st quarter. Teachers Advisors LLC now owns 80,884 shares of the technology company’s stock valued at $3,159,000 after purchasing an additional 16,816 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Mercury Systems by 29.2% in the 2nd quarter. Bank of Montreal Can now owns 2,459 shares of the technology company’s stock valued at $104,000 after purchasing an additional 556 shares in the last quarter. Aperio Group LLC increased its stake in shares of Mercury Systems by 40.9% in the 2nd quarter. Aperio Group LLC now owns 8,205 shares of the technology company’s stock valued at $345,000 after purchasing an additional 2,381 shares in the last quarter. US Bancorp DE boosted its holdings in Mercury Systems by 4.3% in the 2nd quarter. US Bancorp DE now owns 18,904 shares of the technology company’s stock worth $796,000 after buying an additional 771 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its holdings in Mercury Systems by 5.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 11,320 shares of the technology company’s stock worth $476,000 after buying an additional 610 shares during the last quarter. Hedge funds and other institutional investors own 96.38% of the company’s stock.

Shares of Mercury Systems (NASDAQ MRCY) traded up $0.73 during mid-day trading on Thursday, reaching $51.70. The company had a trading volume of 219,800 shares, compared to its average volume of 409,827. The stock has a market cap of $2,458.87, a price-to-earnings ratio of 54.81, a price-to-earnings-growth ratio of 4.23 and a beta of 0.23. Mercury Systems has a one year low of $29.31 and a one year high of $54.49.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.11. The business had revenue of $106.10 million during the quarter, compared to analyst estimates of $105.18 million. Mercury Systems had a return on equity of 6.51% and a net margin of 9.14%. The company’s revenue was up 21.1% on a year-over-year basis. During the same quarter last year, the business posted $0.22 EPS. equities research analysts forecast that Mercury Systems will post 1.08 EPS for the current year.

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About Mercury Systems

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.

Analyst Recommendations for Mercury Systems (NASDAQ:MRCY)

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