Citigroup Restated “Buy” Rating For Mercury Systems (MRCY); Tiger Management Has Cut Adobe Sys (ADBE) Holding

April 19, 2018 - By Richard Conner

Mercury Systems, Inc. (NASDAQ:MRCY) Logo

Citigroup reconfirmed their “Buy” rating on shares of Mercury Systems Inc (NASDAQ:MRCY) in an analyst report issued to clients on Thursday, 19 April.

Tiger Management Llc decreased Adobe Sys Inc (ADBE) stake by 14.84% reported in 2017Q4 SEC filing. Tiger Management Llc sold 33,500 shares as Adobe Sys Inc (ADBE)’s stock rose 22.17%. The Tiger Management Llc holds 192,300 shares with $33.70 million value, down from 225,800 last quarter. Adobe Sys Inc now has $113.81 billion valuation. The stock decreased 0.03% or $0.06 during the last trading session, reaching $231.1. About 2.01 million shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 66.71% since April 19, 2017 and is uptrending. It has outperformed by 55.16% the S&P500.

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on June, 19. They expect $1.25 earnings per share, up 54.32% or $0.44 from last year’s $0.81 per share. ADBE’s profit will be $615.59 million for 46.22 P/E if the $1.25 EPS becomes a reality. After $1.28 actual earnings per share reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts -2.34% negative EPS growth.

Investors sentiment decreased to 0.89 in Q4 2017. Its down 0.22, from 1.11 in 2017Q3. It worsened, as 47 investors sold ADBE shares while 389 reduced holdings. 107 funds opened positions while 280 raised stakes. 410.42 million shares or 1.09% less from 414.95 million shares in 2017Q3 were reported. Dubuque National Bank And accumulated 46 shares. Neuberger Berman Gru Ltd Liability Company reported 261,092 shares. First Allied Advisory Services has invested 0.11% in Adobe Systems Incorporated (NASDAQ:ADBE). Schaper Benz Wise Counsel Incorporated Wi has invested 2.74% in Adobe Systems Incorporated (NASDAQ:ADBE). Prudential Public Limited, a Illinois-based fund reported 6,363 shares. Harding Loevner LP has invested 0% in Adobe Systems Incorporated (NASDAQ:ADBE). Retirement Sys Of Alabama, Alabama-based fund reported 238,885 shares. Violich Cap Inc holds 2,925 shares. Mufg Americas accumulated 59,413 shares or 0.31% of the stock. Moreover, Balyasny Asset Limited Liability has 0.16% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Telemus Ltd Company holds 0.36% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE) for 26,628 shares. Wealthfront stated it has 13,261 shares or 0.03% of all its holdings. Mutual Of America Cap Ltd Co has 0.16% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 61,654 shares. Bp Public Ltd Co stated it has 57,200 shares. Arizona State Retirement System holds 139,834 shares or 0.24% of its portfolio.

Since October 20, 2017, it had 1 insider purchase, and 15 insider sales for $83.18 million activity. LAMKIN BRYAN sold 30,000 shares worth $5.97 million. WARNOCK JOHN E had sold 14,000 shares worth $3.03 million. GESCHKE CHARLES M had sold 21,276 shares worth $3.97 million on Wednesday, January 10. Another trade for 1,125 shares valued at $199,520 was bought by Banse Amy. $5.81 million worth of stock was sold by Morris Donna on Wednesday, January 24. GARRETT MARK sold 54,488 shares worth $10.21M. Rencher Bradley sold $3.63 million worth of stock or 18,410 shares.

Among 39 analysts covering Adobe Systems (NASDAQ:ADBE), 28 have Buy rating, 0 Sell and 11 Hold. Therefore 72% are positive. Adobe Systems had 157 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Credit Suisse on Thursday, October 19. The stock has “Neutral” rating by Credit Suisse on Friday, March 18. The rating was upgraded by Credit Suisse to “Outperform” on Friday, March 24. Bank of America maintained it with “Buy” rating and $213 target in Thursday, October 19 report. Citigroup maintained it with “Buy” rating and $117 target in Wednesday, September 21 report. As per Wednesday, January 11, the company rating was initiated by Wells Fargo. Cowen & Co maintained Adobe Systems Incorporated (NASDAQ:ADBE) on Thursday, July 27 with “Buy” rating. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, September 21. The company was maintained on Friday, December 11 by KeyBanc Capital Markets. On Thursday, August 24 the stock rating was maintained by KeyBanc Capital Markets with “Buy”.

Mercury Systems, Inc. provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. The company has market cap of $2.16 billion. The companyÂ’s products and solutions are deployed in approximately 300 programs with 25 defense prime contractors. It has a 48.82 P/E ratio. The Company’s principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, and Paveway.

Among 9 analysts covering Mercury (NASDAQ:MRCY), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Mercury has $61.0 highest and $19.0 lowest target. $50’s average target is 11.93% above currents $44.67 stock price. Mercury had 23 analyst reports since August 25, 2015 according to SRatingsIntel. The company was maintained on Wednesday, January 24 by Noble Financial. On Tuesday, January 24 the stock rating was upgraded by Bank of America to “Buy”. Noble Financial maintained the stock with “Hold” rating in Wednesday, October 25 report. As per Monday, October 23, the company rating was maintained by Robert W. Baird. SunTrust maintained Mercury Systems, Inc. (NASDAQ:MRCY) rating on Monday, January 8. SunTrust has “Buy” rating and $61.0 target. Jefferies maintained it with “Hold” rating and $50.0 target in Monday, January 8 report. Jefferies maintained Mercury Systems, Inc. (NASDAQ:MRCY) rating on Tuesday, September 5. Jefferies has “Hold” rating and $45.0 target. As per Wednesday, January 24, the company rating was maintained by Robert W. Baird. On Friday, July 7 the stock rating was maintained by Jefferies with “Hold”. The stock of Mercury Systems, Inc. (NASDAQ:MRCY) earned “Hold” rating by Noble Financial on Wednesday, August 2.

Analysts await Mercury Systems, Inc. (NASDAQ:MRCY) to report earnings on April, 24 after the close. They expect $0.27 EPS, up 68.75% or $0.11 from last year’s $0.16 per share. MRCY’s profit will be $13.03 million for 41.36 P/E if the $0.27 EPS becomes a reality. After $0.17 actual EPS reported by Mercury Systems, Inc. for the previous quarter, Wall Street now forecasts 58.82% EPS growth.

The stock decreased 2.91% or $1.34 during the last trading session, reaching $44.67. About 1.39M shares traded or 234.81% up from the average. Mercury Systems, Inc. (NASDAQ:MRCY) has risen 24.07% since April 19, 2017 and is uptrending. It has outperformed by 12.52% the S&P500.

Investors sentiment decreased to 0.96 in 2017 Q4. Its down 0.17, from 1.13 in 2017Q3. It fall, as 17 investors sold Mercury Systems, Inc. shares while 75 reduced holdings. 28 funds opened positions while 60 raised stakes. 43.46 million shares or 3.62% less from 45.09 million shares in 2017Q3 were reported. Cap Fund Mngmt stated it has 5,000 shares or 0% of all its holdings. Guggenheim Capital Ltd Limited Liability Company, a Illinois-based fund reported 75,581 shares. Bamco has 1.21M shares. Pinebridge Invs L P, a New York-based fund reported 15,648 shares. Franklin Res holds 0.04% or 1.46 million shares in its portfolio. Moreover, Ameritas Prns has 0.01% invested in Mercury Systems, Inc. (NASDAQ:MRCY) for 4,114 shares. Raymond James Assocs reported 0% stake. Mason Street Advsr Limited Liability Corporation reported 12,547 shares or 0.01% of all its holdings. Penn Cap Mgmt reported 0.23% stake. State Of Tennessee Treasury Department invested in 37,504 shares. Gabelli Funds Ltd Liability Co holds 0.01% or 20,000 shares in its portfolio. Federated Investors Pa stated it has 103,000 shares or 0.01% of all its holdings. Swiss Commercial Bank reported 82,000 shares. Jefferies Group Limited Co accumulated 56,309 shares. State Board Of Administration Of Florida Retirement Sys has 31,341 shares for 0% of their portfolio.

Mercury Systems, Inc. (NASDAQ:MRCY) Institutional Positions Chart

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