Mercury Systems (NASDAQ:MRCY) EVP Stuart Kupinsky Sells 2,287 Shares

Mercury Systems Inc (NASDAQ:MRCY) EVP Stuart Kupinsky sold 2,287 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $83.56, for a total value of $191,101.72. Following the transaction, the executive vice president directly owned 68,010 shares in the company, valued at approximately $5,682,915.60. This trade represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Mercury Systems Stock Up 3.7%

Mercury Systems stock traded up $3.20 during mid-day trading on Thursday, reaching $89.86. The stock had a trading volume of 342,473 shares, compared to its average volume of 753,389. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.04 and a current ratio of 2.96. Mercury Systems Inc has a fifty-two week low of $39.89 and a fifty-two week high of $103.84. The stock’s 50-day simple moving average is $85.38 and its 200-day simple moving average is $76.43. The firm has a market capitalization of $5.39 billion, a PE ratio of -169.55, a price-to-earnings-growth ratio of 6.90 and a beta of 0.75.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, February 3rd. The technology company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.09. Mercury Systems had a positive return on equity of 1.28% and a negative net margin of 3.23%.The company had revenue of $232.87 million for the quarter, compared to analyst estimates of $209.96 million. During the same period in the prior year, the firm earned $0.07 earnings per share. Mercury Systems’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, sell-side analysts forecast that Mercury Systems Inc will post -0.08 EPS for the current fiscal year.

Institutional Trading of Mercury Systems

Several hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC purchased a new position in Mercury Systems in the first quarter valued at about $755,000. Goldman Sachs Group Inc. increased its stake in shares of Mercury Systems by 51.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 855,441 shares of the technology company’s stock worth $36,861,000 after purchasing an additional 290,989 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Mercury Systems by 13.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,617 shares of the technology company’s stock worth $6,878,000 after purchasing an additional 18,916 shares during the period. Jane Street Group LLC lifted its stake in Mercury Systems by 161.3% in the first quarter. Jane Street Group LLC now owns 50,769 shares of the technology company’s stock valued at $2,188,000 after purchasing an additional 31,337 shares during the last quarter. Finally, TD Asset Management Inc purchased a new position in Mercury Systems in the second quarter valued at approximately $631,000. Institutional investors own 95.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $105.00 target price on shares of Mercury Systems in a report on Wednesday, February 4th. Jefferies Financial Group reissued a “hold” rating and set a $85.00 price objective on shares of Mercury Systems in a report on Sunday, February 8th. Truist Financial increased their price objective on Mercury Systems from $102.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Raymond James Financial restated a “strong-buy” rating and set a $100.00 price objective on shares of Mercury Systems in a research note on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Mercury Systems in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $86.89.

Mercury Systems Company Profile

Mercury Systems, Inc (NASDAQ: MRCY) is a technology company that designs, manufactures and markets secure processing subsystems for aerospace and defense applications. The company’s products are built to address the stringent security, safety and reliability requirements of mission-critical programs, with a focus on radar, electronic warfare, intelligence and other sensor and processing functions. Mercury’s offerings encompass rugged embedded computing modules, high-performance radio frequency (RF) and microwave components, digital signal processing subsystems and secure networking solutions.

Since its origins in advanced signal processing, Mercury Systems has expanded its capabilities through a combination of internal development and targeted acquisitions.