Key Points
- Director Howard Lance sold 9,250 Mercury Systems shares on May 26 at an average price of $99.76, totaling about $922,780, according to an SEC filing.
- Mercury Systems recently beat earnings and revenue expectations, posting $0.27 EPS versus a $0.06 estimate and revenue of $235.76 million, up 11.5% year over year.
- Analyst sentiment is mixed but moderately positive, with an average rating of “Moderate Buy” and a consensus price target of $89.89, though opinions range from Strong Buy to Sell.
Mercury Systems Inc (NASDAQ:MRCY - Get Free Report) Director Howard Lance sold 9,250 shares of Mercury Systems stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $99.76, for a total transaction of $922,780.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Mercury Systems Price Performance
MRCY stock opened at $97.11 on Thursday. The firm has a 50 day moving average of $83.52 and a 200-day moving average of $82.34. Mercury Systems Inc has a 12-month low of $47.53 and a 12-month high of $103.84. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.40. The company has a market cap of $5.83 billion, a price-to-earnings ratio of -404.63 and a beta of 0.83.
Mercury Systems (NASDAQ:MRCY - Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.21. Mercury Systems had a negative net margin of 1.46% and a positive return on equity of 2.22%. The company had revenue of $235.76 million during the quarter, compared to the consensus estimate of $208.56 million. During the same period last year, the firm earned $0.06 EPS. The company's revenue for the quarter was up 11.5% on a year-over-year basis. As a group, equities analysts expect that Mercury Systems Inc will post 0.18 EPS for the current fiscal year.
Analyst Ratings Changes
MRCY has been the subject of a number of recent research reports. Royal Bank Of Canada reissued an "outperform" rating and set a $105.00 price objective on shares of Mercury Systems in a research note on Wednesday, February 4th. Truist Financial raised shares of Mercury Systems to a "strong-buy" rating in a research note on Friday, May 1st. Jefferies Financial Group reissued a "hold" rating and set a $95.00 price objective on shares of Mercury Systems in a research note on Sunday, May 10th. Canaccord Genuity Group raised their price objective on shares of Mercury Systems from $102.00 to $106.00 and gave the stock a "buy" rating in a research note on Thursday, May 7th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Mercury Systems in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $89.89.
Get Our Latest Stock Analysis on MRCY
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. grew its stake in Mercury Systems by 53.2% in the 2nd quarter. Osaic Holdings Inc. now owns 599 shares of the technology company's stock worth $32,000 after acquiring an additional 208 shares during the period. Leonteq Securities AG purchased a new stake in Mercury Systems in the 4th quarter worth approximately $35,000. Hollencrest Capital Management purchased a new stake in Mercury Systems in the 4th quarter worth approximately $37,000. Federated Hermes Inc. purchased a new stake in Mercury Systems in the 2nd quarter worth approximately $43,000. Finally, AlphaQuest LLC grew its stake in Mercury Systems by 41.9% in the 3rd quarter. AlphaQuest LLC now owns 569 shares of the technology company's stock worth $44,000 after acquiring an additional 168 shares during the period. 95.99% of the stock is owned by hedge funds and other institutional investors.
Mercury Systems Company Profile
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Get Free Report)
Mercury Systems, Inc (NASDAQ: MRCY) is a technology company that designs, manufactures and markets secure processing subsystems for aerospace and defense applications. The company's products are built to address the stringent security, safety and reliability requirements of mission-critical programs, with a focus on radar, electronic warfare, intelligence and other sensor and processing functions. Mercury's offerings encompass rugged embedded computing modules, high-performance radio frequency (RF) and microwave components, digital signal processing subsystems and secure networking solutions.
Since its origins in advanced signal processing, Mercury Systems has expanded its capabilities through a combination of internal development and targeted acquisitions.
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