The stock of Mercury Systems Inc (NASDAQ:MRCY) hit a new 52-week high and has $44.90 target or 52.00% above today’s $29.54 share price. The 8 months bullish chart indicates low risk for the $1.19B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $44.90 price target is reached, the company will be worth $618.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 207,163 shares traded hands. Mercury Systems Inc (NASDAQ:MRCY) has risen 39.13% since April 7, 2016 and is uptrending. It has outperformed by 34.35% the S&P500.
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. As per Thursday, March 17, the company rating was initiated by Sidoti. The rating was initiated by Robert W. Baird on Thursday, October 6 with “Outperform”. The firm earned “Buy” rating on Tuesday, August 25 by Drexel Hamilton. As per Friday, June 10, the company rating was initiated 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 is positive, 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.
Victory Capital Inc accumulated 0% or 45,833 shares. Gamco Investors Et Al has invested 0% of its portfolio in Mercury Systems Inc (NASDAQ:MRCY). State Board Of Administration Of Florida Retirement accumulated 39,804 shares or 0% of the stock. Fmr Ltd Limited Liability Company owns 47,300 shares or 0% of their US portfolio. 1492 Mngmt has 0.42% invested in the company for 18,609 shares. Barclays Public Limited Co, a United Kingdom-based fund reported 2,577 shares. American Intl Grp has 29,176 shares for 0% of their US portfolio. Moreover, Deutsche National Bank & Trust Ag has 0% invested in Mercury Systems Inc (NASDAQ:MRCY) for 55,660 shares. Emerald Mutual Fund Advisers Trust accumulated 0.6% or 430,961 shares. Disciplined Growth Investors Mn last reported 0.14% of its portfolio in the stock. Dimensional Fund Limited Partnership holds 0.03% or 2.01 million shares in its portfolio. Fifth Third Bank & Trust has 147 shares for 0% of their US portfolio. The Florida-based Independent Port Consultants has invested 0.09% in Mercury Systems Inc (NASDAQ:MRCY). Voya Inv Mngmt Ltd Liability last reported 0% of its portfolio in the stock. Da Davidson holds 0.01% of its portfolio in Mercury Systems Inc (NASDAQ:MRCY) for 12,697 shares.
Insider Transactions: Since October 7, 2016, the stock had 0 insider purchases, and 2 sales for $456,444 net activity. ASLETT MARK sold 9,600 shares worth $262,284. Another trade for 8,000 shares valued at $194,160 was sold by Vitto Vincent.
More important 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 article titled: “Mercury Systems Completes Previously Announced Acquisition of Creative …”, Bizjournals.com published: “Defense tech company Mercury Systems moving headquarters” on January 06, 2016. More interesting news about Mercury Systems Inc (NASDAQ:MRCY) was released by: Prnewswire.com and their article: “Microsemi Announces Definitive Agreement to Divest Business to Mercury Systems …” with publication date: March 23, 2016.
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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