Mercury Systems (NASDAQ:MRCY)‘s stock had its “buy” rating restated by SunTrust Banks in a research note issued on Tuesday, January 9th. They presently have a $61.00 target price on the technology company’s stock. SunTrust Banks’ target price would indicate a potential upside of 18.54% from the stock’s current price. SunTrust Banks also issued estimates for Mercury Systems’ FY2018 earnings at $1.28 EPS and FY2019 earnings at $1.68 EPS.
MRCY has been the topic of a number of other research reports. BidaskClub upgraded Mercury Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Zacks Investment Research downgraded Mercury Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 28th. Robert W. Baird restated a “buy” rating and issued a $48.00 target price on shares of Mercury Systems in a research note on Tuesday, October 24th. Finally, Noble Financial restated a “hold” rating on shares of Mercury Systems in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Mercury Systems presently has a consensus rating of “Buy” and a consensus price target of $53.33.
Shares of Mercury Systems (NASDAQ MRCY) opened at $51.46 on Tuesday. Mercury Systems has a one year low of $29.43 and a one year high of $55.00. The company has a market capitalization of $2,482.51, a PE ratio of 59.84, a PEG ratio of 4.30 and a beta of 0.23.
In other news, CFO Gerald M. Haines II sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $51.07, for a total value of $127,675.00. Following the completion of the sale, the chief financial officer now directly owns 213,260 shares in the company, valued at $10,891,188.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Aslett sold 9,600 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $50.11, for a total value of $481,056.00. The disclosure for this sale can be found here. Insiders sold a total of 62,300 shares of company stock valued at $3,171,165 in the last ninety days. 3.50% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. Atlantic Trust Group LLC purchased a new stake in shares of Mercury Systems in the third quarter valued at approximately $1,258,000. Thrivent Financial For Lutherans grew its position in shares of Mercury Systems by 8.3% in the second quarter. Thrivent Financial For Lutherans now owns 29,020 shares of the technology company’s stock valued at $1,221,000 after purchasing an additional 2,230 shares in the last quarter. Bamco Inc. NY grew its position in shares of Mercury Systems by 8.9% in the third quarter. Bamco Inc. NY now owns 1,226,000 shares of the technology company’s stock valued at $63,605,000 after purchasing an additional 100,000 shares in the last quarter. Legal & General Group Plc grew its position in shares of Mercury Systems by 8.2% in the third quarter. Legal & General Group Plc now owns 93,854 shares of the technology company’s stock valued at $4,866,000 after purchasing an additional 7,122 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Mercury Systems in the third quarter valued at approximately $404,000. Institutional investors and hedge funds own 96.28% of the company’s stock.
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.
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