Mercury Systems (NASDAQ:MRCY) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Wednesday, BidAskClub reports.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Goldman Sachs Group assumed coverage on shares of Mercury Systems in a research report on Friday, August 16th. They set a “neutral” rating and a $75.00 price objective on the stock. Finally, Bank of America upgraded shares of Mercury Systems from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $50.00 to $85.00 in a research report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Mercury Systems currently has an average rating of “Buy” and a consensus price target of $73.50.

NASDAQ:MRCY traded up $0.27 during trading hours on Wednesday, hitting $81.62. The stock had a trading volume of 11,968 shares, compared to its average volume of 351,408. The company has a 50 day simple moving average of $81.68 and a two-hundred day simple moving average of $71.33. Mercury Systems has a one year low of $41.16 and a one year high of $89.44. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 53.86, a P/E/G ratio of 3.84 and a beta of 1.11.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.11. The firm had revenue of $176.96 million during the quarter, compared to the consensus estimate of $171.98 million. Mercury Systems had a net margin of 7.14% and a return on equity of 8.11%. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period last year, the firm earned $0.47 EPS. Research analysts predict that Mercury Systems will post 1.72 EPS for the current year.

In related news, CAO Michelle M. Mccarthy sold 624 shares of Mercury Systems stock in a transaction on Monday, August 19th. The shares were sold at an average price of $84.99, for a total value of $53,033.76. Following the transaction, the chief accounting officer now owns 10,982 shares in the company, valued at approximately $933,360.18. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Didier M. C. Thibaud sold 30,000 shares of Mercury Systems stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $84.12, for a total transaction of $2,523,600.00. Following the completion of the transaction, the chief operating officer now owns 262,365 shares in the company, valued at approximately $22,070,143.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,538 shares of company stock worth $5,148,579. Corporate insiders own 2.10% of the company’s stock.

Large investors have recently modified their holdings of the stock. Mark Sheptoff Financial Planning LLC raised 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 worth $49,000 after purchasing an additional 500 shares during the period. Pearl River Capital LLC purchased a new position in Mercury Systems in the 2nd quarter worth $76,000. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new position in Mercury Systems in the 2nd quarter worth $79,000. LS Investment Advisors LLC raised 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 worth $112,000 after purchasing an additional 146 shares during the period. Finally, NumerixS Investment Technologies Inc purchased a new position in Mercury Systems in the 1st quarter worth $128,000. Institutional investors own 96.82% 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.

See Also: Why is the ex-dividend date different from the record date?

Analyst Recommendations for Mercury Systems (NASDAQ:MRCY)

Receive News & Ratings for Mercury Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercury Systems and related companies with MarketBeat.com's FREE daily email newsletter.