Insider Selling: Mercury Systems (NASDAQ:MRCY) EVP Sells $86,520.00 in Stock

Mercury Systems Inc (NASDAQ:MRCY) EVP Stuart Kupinsky sold 1,000 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $86.52, for a total transaction of $86,520.00. Following the completion of the transaction, the executive vice president directly owned 60,971 shares of the company’s stock, valued at $5,275,210.92. The trade was a 1.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Stuart Kupinsky also recently made the following trade(s):

• On Friday, August 21st, Stuart Kupinsky sold 1,000 shares of Mercury Systems stock. The stock was sold at an average price of $95.23, for a total transaction of $95,230.00.
• On Wednesday, August 19th, Stuart Kupinsky sold 1,308 shares of Mercury Systems stock. The shares were sold at an average price of $100.31, for a total transaction of $131,205.48.
• On Tuesday, August 18th, Stuart Kupinsky sold 1,178 shares of Mercury Systems stock. The stock was sold at an average price of $111.36, for a total transaction of $131,182.08.
• On Monday, August 17th, Stuart Kupinsky sold 1,195 shares of Mercury Systems stock. The stock was sold at an average price of $109.95, for a total transaction of $131,390.25.

Mercury Systems Price Performance

Shares of MRCY opened at $82.18 on Friday. The firm has a market capitalization of $5.00 billion, a PE ratio of -164.36 and a beta of 0.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.96 and a quick ratio of 1.85. Mercury Systems Inc has a 1-year low of $65.04 and a 1-year high of $128.45. The company’s fifty day moving average price is $94.11 and its 200-day moving average price is $94.58.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, August 18th. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The firm had revenue of $289.78 million during the quarter, compared to analysts’ expectations of $266.09 million. Mercury Systems had a positive return on equity of 1.29% and a negative net margin of 3.02%.The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business earned $0.47 EPS. On average, equities research analysts predict that Mercury Systems Inc will post 0.91 EPS for the current year.

Institutional Trading of Mercury Systems

A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Mercury Systems in the second quarter valued at $1,146,342,000. Geode Capital Management LLC boosted its stake in shares of Mercury Systems by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 1,368,659 shares of the technology company’s stock worth $99,940,000 after acquiring an additional 47,174 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake in shares of Mercury Systems by 46.9% during the 1st quarter. Segall Bryant & Hamill LLC now owns 934,824 shares of the technology company’s stock worth $68,158,000 after acquiring an additional 298,298 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Mercury Systems by 2.6% during the 2nd quarter. Wellington Management Group LLP now owns 775,502 shares of the technology company’s stock worth $94,867,000 after acquiring an additional 19,977 shares in the last quarter. Finally, Jennison Associates LLC grew its position in shares of Mercury Systems by 52.9% during the 1st quarter. Jennison Associates LLC now owns 688,114 shares of the technology company’s stock valued at $50,170,000 after acquiring an additional 238,147 shares during the period. 95.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on Mercury Systems from $99.00 to $101.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. Piper Sandler reissued an “overweight” rating and set a $131.00 price target (up from $126.00) on shares of Mercury Systems in a research report on Wednesday, August 19th. Royal Bank Of Canada lifted their price objective on shares of Mercury Systems from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Weiss Ratings raised shares of Mercury Systems from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 24th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Mercury Systems to a “hold” rating in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $110.55.

Mercury Systems Company Profile

Mercury Systems, Inc is a technology company that develops and manufactures secure, high-performance computing and sensor-processing solutions for the aerospace and defense industries. Its products are designed for use in mission-critical applications where ruggedness, rapid data processing, cybersecurity and long operational life are essential.

The company’s offerings include embedded computing systems, digital signal processing technologies, radio-frequency and microwave components, avionics systems, sensor-processing solutions, electronic warfare technology and secure communications products.