Mercury Systems (NASDAQ:MRCY) Earns “Buy” Rating from Robert W. Baird

Robert W. Baird reaffirmed their buy rating on shares of Mercury Systems (NASDAQ:MRCY) in a research note issued to investors on Wednesday morning, TipRanks reports. Robert W. Baird currently has a $87.00 price target on the technology company’s stock.

Other equities analysts have also recently issued research reports about the company. ValuEngine cut Mercury Systems from a buy rating to a hold rating in a report on Wednesday, October 2nd. Goldman Sachs Group started coverage on Mercury Systems in a research note on Friday, August 16th. They set a neutral rating and a $75.00 target price for the company. BidaskClub downgraded shares of Mercury Systems from a hold rating to a sell rating in a report on Thursday, October 31st. Bank of America upgraded shares of Mercury Systems from an underperform rating to a neutral rating and raised their target price for the stock from $50.00 to $85.00 in a report on Friday, August 9th. Finally, Zacks Investment Research raised shares of Mercury Systems from a sell rating to a hold rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Mercury Systems has an average rating of Hold and a consensus target price of $75.43.

Shares of MRCY stock opened at $70.00 on Wednesday. The company has a quick ratio of 3.77, a current ratio of 5.35 and a debt-to-equity ratio of 0.04. Mercury Systems has a 12-month low of $41.16 and a 12-month high of $89.44. The firm has a fifty day moving average of $71.95 and a 200-day moving average of $74.78. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 46.05, a price-to-earnings-growth ratio of 3.50 and a beta of 1.02.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Mercury Systems had a return on equity of 7.59% and a net margin of 8.51%. The business had revenue of $177.30 million for the quarter, compared to the consensus estimate of $168.36 million. During the same quarter last year, the business posted $0.39 EPS. The firm’s revenue was up 23.1% compared to the same quarter last year. Research analysts expect that Mercury Systems will post 1.76 earnings per share for the current year.

In other news, CFO Michael Ruppert sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $83.09, for a total transaction of $1,246,350.00. Following the completion of the transaction, the chief financial officer now directly owns 123,752 shares of the company’s stock, valued at $10,282,553.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Didier M. C. Thibaud sold 3,500 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $73.41, for a total value of $256,935.00. Following the transaction, the chief operating officer now directly owns 258,865 shares of the company’s stock, valued at $19,003,279.65. The disclosure for this sale can be found here. Insiders sold a total of 45,000 shares of company stock worth $3,525,555 in the last three months. Company insiders own 2.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC bought a new position in shares of Mercury Systems during the 3rd quarter worth approximately $28,000. Mark Sheptoff Financial Planning LLC boosted its holdings in Mercury Systems by 250.0% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 700 shares of the technology company’s stock worth $49,000 after purchasing an additional 500 shares during the last quarter. Pearl River Capital LLC bought a new position in Mercury Systems in the second quarter valued at $76,000. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in Mercury Systems in the 2nd quarter valued at $79,000. Finally, LS Investment Advisors LLC increased its stake in Mercury Systems by 10.1% in the 2nd quarter. LS Investment Advisors LLC now owns 1,595 shares of the technology company’s stock valued at $112,000 after buying an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 96.77% of the company’s stock.

Mercury Systems Company Profile

Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors. The company's principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, Paveway, Filthy Buzzard, PGK, ProVision, P1, and AIDEWS.

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Analyst Recommendations for Mercury Systems (NASDAQ:MRCY)

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