Notable Mover: Is Mercury Systems Inc a Buy? The Stock Rises Again

Notable Mover: Is Mercury Systems Inc a Buy? The Stock Rises Again

The stock of Mercury Systems Inc (NASDAQ:MRCY) is a huge mover today! The stock increased 6.92% or $1.79 during the last trading session, hitting $27.66. About 450,798 shares traded hands or 97.48% up from the average. Mercury Systems Inc (NASDAQ:MRCY) has risen 33.14% since April 5, 2016 and is uptrending. It has outperformed by 31.19% the S&P500.
The move comes after 9 months positive chart setup for the $1.08 billion company. It was reported on Nov, 7 by Barchart.com. We have $45.92 PT which if reached, will make NASDAQ:MRCY worth $712.80M more.

Mercury Systems Inc (NASDAQ:MRCY) Ratings Coverage

Out of 4 analysts covering Mercury (NASDAQ:MRCY), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Mercury has been the topic of 4 analyst reports since August 25, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Thursday, October 6 by Robert W. Baird. Drexel Hamilton initiated Mercury Systems Inc (NASDAQ:MRCY) rating on Tuesday, August 25. Drexel Hamilton has “Buy” rating and $19.0 price target. The rating was initiated by Sidoti on Thursday, March 17 with “Neutral”. The stock of Mercury Systems Inc (NASDAQ:MRCY) has “Buy” rating given on Friday, June 10 by Citigroup.

According to Zacks Investment Research, “Mercury Systems, Inc. is a high-tech commercial provider of secure and sensor processing subsystems designed and made in the U.S.A. powering today’s critical defense and intelligence applications. Their products and solutions have been deployed in more than 300 programs with over 25 different defense prime contractors. Key programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35 and Reaper. They operate across a broad spectrum of defense programs and deliver their solutions and services via two operating segments: Mercury Commercial Electronics and Mercury Defense Systems.”

Insitutional Activity: The institutional sentiment increased to 1.74 in 2016 Q2. Its up 0.13, from 1.61 in 2016Q1. The ratio improved, as 15 funds sold all Mercury Systems Inc shares owned while 42 reduced positions. 30 funds bought stakes while 69 increased positions. They now own 36.25 million shares or 26.27% more from 28.71 million shares in 2016Q1.
Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in the company for 778 shares. Commonwealth Equity, a Massachusetts-based fund reported 12,435 shares. Menta Ltd Liability has 28,670 shares for 0.1% of their US portfolio. The Texas-based Teacher Retirement Sys Of Texas has invested 0% in Mercury Systems Inc (NASDAQ:MRCY). The Ontario – Canada-based Financial Bank Of Montreal Can has invested 0% in Mercury Systems Inc (NASDAQ:MRCY). State Board Of Administration Of Florida Retirement Systems has 39,804 shares for 0% of their US portfolio. Guggenheim Cap Limited Liability Com has 58,128 shares for 0% of their US portfolio. Dimensional Fund Advsr Ltd Partnership holds 2.01M shares or 0.03% of its portfolio. Schwab Charles Investment Inc has 67,701 shares for 0% of their US portfolio. Swiss Fincl Bank has 61,500 shares for 0% of their US portfolio. D E Shaw And holds 455,930 shares or 0.02% of its portfolio. Neuberger Berman Grp Incorporated reported 1.69 million shares or 0.06% of all its holdings. Texas Permanent School Fund holds 0.01% of its portfolio in Mercury Systems Inc (NASDAQ:MRCY) for 30,607 shares. King Luther Capital Corp holds 0.08% or 334,435 shares in its portfolio. Emerald Advisers Inc Pa last reported 449,320 shares in the company.

Insider Transactions: Since October 7, 2016, the stock had 0 insider buys, and 2 insider sales for $456,444 net activity. Vitto Vincent also sold $194,160 worth of Mercury Systems Inc (NASDAQ:MRCY) on Friday, October 7. Another trade for 9,600 shares valued at $262,284 was sold by ASLETT MARK.

More recent Mercury Systems Inc (NASDAQ:MRCY) news were published by: Streetinsider.com which released: “Mercury Systems (MRCY) to Acquire CES in ~$38M Deal” on November 03, 2016. Also Globenewswire.com published the news titled: “Mercury Systems Completes Previously Announced Acquisition of Creative …” on November 04, 2016. Bizjournals.com‘s news article titled: “Defense tech company Mercury Systems moving headquarters” with publication date: January 06, 2016 was also an interesting one.

MRCY Company Profile

Mercury Systems, Inc., incorporated on July 14, 1981, is a commercial well-known provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. The Company’s technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components. In addition, the Company creates and manufactures RF and microwave components and subsystems to meet the needs of the electronic warfare (EW), signals intelligence (SIGINT) and other high bandwidth communications requirements and applications.

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