Mercury Systems (NASDAQ:MRCY) EVP Sells 4,000 Shares

Mercury Systems Inc (NASDAQ:MRCY) EVP Steven Ratner sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $84.51, for a total transaction of $338,040.00. Following the transaction, the executive vice president owned 19,275 shares in the company, valued at $1,628,930.25. The trade was a 17.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Steven Ratner also recently made the following trade(s):

• On Friday, August 21st, Steven Ratner sold 356 shares of Mercury Systems stock. The shares were sold at an average price of $91.36, for a total value of $32,524.16.
• On Thursday, August 20th, Steven Ratner sold 1,026 shares of Mercury Systems stock. The shares were sold at an average price of $97.67, for a total transaction of $100,209.42.
• On Wednesday, August 19th, Steven Ratner sold 2,187 shares of Mercury Systems stock. The shares were sold at an average price of $100.31, for a total transaction of $219,377.97.
• On Tuesday, August 18th, Steven Ratner sold 1,971 shares of Mercury Systems stock. The shares were sold at an average price of $111.36, for a total value of $219,490.56.
• On Monday, August 17th, Steven Ratner sold 1,084 shares of Mercury Systems stock. The shares were sold at an average price of $109.95, for a total transaction of $119,185.80.

Mercury Systems Price Performance

Shares of Mercury Systems stock opened at $83.46 on Wednesday. The firm has a market cap of $5.02 billion, a PE ratio of -166.92 and a beta of 0.98. The business has a 50-day moving average price of $101.24 and a 200 day moving average price of $95.06. The company has a quick ratio of 1.85, a current ratio of 2.96 and a debt-to-equity ratio of 0.29. Mercury Systems Inc has a twelve month low of $65.04 and a twelve month high of $128.45.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, August 18th. The technology company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The business had revenue of $289.78 million during the quarter, compared to analysts’ expectations of $266.09 million. Mercury Systems had a negative net margin of 3.02% and a positive return on equity of 1.29%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 earnings per share. Sell-side analysts predict that Mercury Systems Inc will post 0.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MRCY has been the topic of several research analyst reports. Jefferies Financial Group reiterated a “hold” rating and issued a $115.00 target price on shares of Mercury Systems in a research report on Friday, July 10th. JPMorgan Chase & Co. upped their price target on shares of Mercury Systems from $99.00 to $101.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Canaccord Genuity Group lifted their price objective on Mercury Systems from $106.00 to $128.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Zacks Research lowered Mercury Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings raised Mercury Systems from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Mercury Systems currently has an average rating of “Hold” and an average price target of $110.10.

Hedge Funds Weigh In On Mercury Systems

Several institutional investors and hedge funds have recently bought and sold shares of MRCY. AQR Capital Management LLC acquired a new stake in shares of Mercury Systems during the 1st quarter worth approximately $755,000. Goldman Sachs Group Inc. lifted its holdings in Mercury Systems by 51.6% in the first quarter. Goldman Sachs Group Inc. now owns 855,441 shares of the technology company’s stock valued at $36,861,000 after acquiring an additional 290,989 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Mercury Systems by 13.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,617 shares of the technology company’s stock valued at $6,878,000 after acquiring an additional 18,916 shares during the last quarter. Jane Street Group LLC grew its position 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 worth $2,188,000 after acquiring an additional 31,337 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Mercury Systems by 30.3% in the second quarter. JPMorgan Chase & Co. now owns 124,973 shares of the technology company’s stock worth $6,731,000 after acquiring an additional 29,057 shares during the period. 95.99% of the stock is currently owned by institutional investors and hedge funds.

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.