Goldman Sachs Group started coverage on shares of Mercury Systems (NASDAQ:MRCY) in a report issued on Friday, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $75.00 price target on the technology company’s stock.

MRCY has been the subject of a number of other research reports. Zacks Investment Research raised shares of Mercury Systems from a sell rating to a hold rating in a report on Tuesday, August 6th. Bank of America raised shares of Mercury Systems from an underperform rating to a neutral rating and upped their price target for the stock from $50.00 to $85.00 in a report on Friday, August 9th. Canaccord Genuity reaffirmed a buy rating and set a $76.00 price target (up previously from $64.00) on shares of Mercury Systems in a report on Friday, April 26th. BidaskClub downgraded shares of Mercury Systems from a strong-buy rating to a buy rating in a report on Friday, July 26th. Finally, Alembic Global Advisors upgraded shares of Mercury Systems from a neutral rating to an overweight rating in a research report on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Mercury Systems has an average rating of Buy and an average price target of $73.50.

Shares of Mercury Systems stock traded up $1.01 on Friday, reaching $83.85. 346,100 shares of the stock were exchanged, compared to its average volume of 394,511. The firm’s 50 day moving average is $74.24 and its 200-day moving average is $68.50. Mercury Systems has a one year low of $41.16 and a one year high of $84.01. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.54 and a current ratio of 5.94. The firm has a market cap of $4.60 billion, a PE ratio of 55.16, a P/E/G ratio of 4.15 and a beta of 1.09.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.11. Mercury Systems had a net margin of 7.14% and a return on equity of 8.11%. The company had revenue of $176.96 million during the quarter, compared to the consensus estimate of $171.98 million. During the same quarter in the prior year, the firm posted $0.47 EPS. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. On average, equities research analysts expect that Mercury Systems will post 1.72 EPS for the current fiscal year.

In related news, insider Mark Aslett sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $65.90, for a total transaction of $659,000.00. Following the completion of the transaction, the insider now directly owns 337,440 shares in the company, valued at approximately $22,237,296. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 30,000 shares of company stock valued at $2,024,200. 2.80% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC acquired a new position in Mercury Systems during the 1st quarter worth approximately $44,000. Mark Sheptoff Financial Planning LLC increased its position in Mercury Systems by 250.0% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 700 shares of the technology company’s stock valued at $49,000 after acquiring an additional 500 shares during the period. Pearl River Capital LLC acquired a new position in Mercury Systems in the 2nd quarter valued at approximately $76,000. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in Mercury Systems in the 2nd quarter valued at approximately $79,000. Finally, LS Investment Advisors LLC increased its position 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 acquiring an additional 146 shares during the period. Institutional investors and hedge funds own 84.53% of the company’s stock.

About Mercury Systems

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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