Mercury Systems (MRCY)

• Market cap: $2.83B
• 1 day: -5.09%
• 5 days: 16.17%
• 1 month: 10.43%
• 3 months: 12.13%
• 6 months: 40.89%
• Year to date: 11.86%
• 1 year: 56.50%
• 5 years: -42.41%
• 10 years: 189.72%
• Sector: Information Technology
• Industry: Electronic Components & Accessories

About: Mercury Systems Inc is a commercial technology company serving the aerospace and defense industry. The company envisions, creates, and delivers secure open architecture solutions powering a broad range of mission-critical applications in challenging and demanding environments. Its Mercury Processing Platform spans the full breadth of signal processing from radio frequency front end to the human-machine interface to convert meaningful data, gathered in remote and hostile environments, into critical decisions. The company manufactures components, products, modules, and subsystems and sells to defense prime contractors, the U.S. government, original equipment manufacturers, and commercial aerospace companies. Geographically, it derives maximum revenue from the United States.

Employees: 2,374

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

56% more call options, than puts

Call options by funds: $8.39M | Put options by funds: $5.38M

54% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 24

32% more capital invested

Capital invested by funds: $1.77B [Q2] → $2.33B (+$562M) [Q3]

5% more funds holding

Funds holding: 230 [Q2] → 241 (+11) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]

4.54% less ownership

Funds ownership: 110.55% [Q2] → 106.01% (-4.54%) [Q3]

17% less repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 92

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $28 41% downside
• Avg. target: $42 10% downside
• High target: $58 23% upside

5 analyst ratings

• positive: 1 20%
• neutral: 3 60%
• negative: 1 20%

Baird Peter Arment 55% 1-year accuracy 16 / 29 met price target	23% upside $58	Outperform Upgraded	5 Feb 2025
Goldman Sachs Noah Poponak 74% 1-year accuracy 20 / 27 met price target	41% downside $28	Sell Maintained	16 Jan 2025
Truist Securities Michael Ciarmoli 71% 1-year accuracy 45 / 63 met price target	7% downside $44	Hold Maintained	14 Jan 2025
Jefferies Sheila Kahyaoglu 66% 1-year accuracy 23 / 35 met price target	11% downside $42	Hold Upgraded	11 Nov 2024
JP Morgan Seth Seifman 43% 1-year accuracy 16 / 37 met price target	16% downside $40	Neutral Maintained	7 Nov 2024