Worth Watching: What Next for Mercury Systems Inc Stock After Making 52-Week High?

Worth Watching: What Next for Mercury Systems Inc Stock After Making 52 Week High?

The stock of Mercury Systems Inc (NASDAQ:MRCY) hit a new 52-week high and has $49.04 target or 52.00% above today’s $32.26 share price. The 5 months bullish chart indicates low risk for the $1.34B company. The 1-year high was reported on Nov, 16 by Barchart.com. If the $49.04 price target is reached, the company will be worth $696.80M 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 26,481 shares traded hands. Mercury Systems Inc (NASDAQ:MRCY) has risen 53.14% since April 14, 2016 and is uptrending. It has outperformed by 48.45% 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. Robert W. Baird initiated it with “Outperform” rating and $30 target price in Thursday, October 6 report. On Tuesday, August 25 the stock rating was initiated by Drexel Hamilton with “Buy”. The firm earned “Buy” rating on Friday, June 10 by Citigroup. Sidoti initiated the shares of MRCY in a report on Thursday, March 17 with “Neutral” rating.

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 increased, 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.
Bnp Paribas Arbitrage Sa owns 12,456 shares or 0% of their US portfolio. California Public Employees Retirement Systems reported 133,596 shares or 0.01% of all its holdings. Bancorp Of America Corporation De has invested 0% of its portfolio in Mercury Systems Inc (NASDAQ:MRCY). Moreover, Morgan Stanley has 0% invested in Mercury Systems Inc (NASDAQ:MRCY) for 38,830 shares. Da Davidson Company accumulated 0.01% or 12,697 shares. Thompson Davis And Com Inc, a Virginia-based fund reported 375 shares. Panagora Asset accumulated 192,959 shares or 0.02% of the stock. Disciplined Growth Invsts Mn last reported 0.14% of its portfolio in the stock. Granite Ptnrs Limited Liability Corp has 626,323 shares for 1.23% of their US portfolio. Legal General Public Limited Company reported 5,641 shares or 0% of all its holdings. Teacher Retirement System Of Texas holds 0% of its portfolio in Mercury Systems Inc (NASDAQ:MRCY) for 5,533 shares. Texas Permanent School Fund accumulated 30,607 shares or 0.01% of the stock. Blackrock owns 3,537 shares or 0% of their US portfolio. The Massachusetts-based Aristotle Cap Boston Limited Liability Corp has invested 1.4% in Mercury Systems Inc (NASDAQ:MRCY). Elk Creek Prtn Limited Liability Com last reported 0.51% of its portfolio in the stock.

Insider Transactions: Since October 7, 2016, the stock had 0 insider purchases, and 4 selling transactions for $816,224 net activity. Vitto Vincent had sold 8,000 shares worth $194,160. ASLETT MARK also sold $262,284 worth of Mercury Systems Inc (NASDAQ:MRCY) on Monday, October 31. 7,375 shares were sold by BASS JAMES K, worth $218,300 on Thursday, November 10.

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. Globenewswire.com‘s news article titled: “Mercury Systems to Report First Quarter Fiscal 2017 Financial Results on …” with publication date: October 11, 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. The Firm also offers solutions in mission computing, safety-critical avionics and platform management.

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