Mercury Systems (NASDAQ:MRCY) EVP Sells $95,230.00 in Stock

Mercury Systems Inc (NASDAQ:MRCY) EVP Stuart Kupinsky sold 1,000 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $95.23, for a total transaction of $95,230.00. Following the transaction, the executive vice president directly owned 56,352 shares in the company, valued at $5,366,400.96. The trade was a 1.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 value of $131,205.48.
• On Tuesday, August 18th, Stuart Kupinsky sold 1,178 shares of Mercury Systems stock. The shares were sold at an average price of $111.36, for a total value of $131,182.08.
• On Monday, August 17th, Stuart Kupinsky sold 1,195 shares of Mercury Systems stock. The shares were sold at an average price of $109.95, for a total value of $131,390.25.

Mercury Systems Trading Up 0.8%

NASDAQ:MRCY opened at $90.47 on Friday. The company has a market cap of $5.44 billion, a PE ratio of -180.94 and a beta of 0.95. The business’s 50 day moving average is $105.53 and its two-hundred day moving average is $95.00. 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 52 week low of $65.04 and a 52 week high of $128.45.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, August 18th. The technology company reported $0.37 earnings per share 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 the consensus estimate of $266.09 million. Mercury Systems had a negative net margin of 3.02% and a positive return on equity of 1.29%. Mercury Systems’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 earnings per share. On average, analysts predict that Mercury Systems Inc will post 0.88 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its position in Mercury Systems by 53.2% in the second quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock worth $32,000 after buying an additional 208 shares during the period. Leonteq Securities AG acquired a new position in shares of Mercury Systems during the fourth quarter valued at $35,000. Hollencrest Capital Management acquired a new position in shares of Mercury Systems during the fourth quarter valued at $37,000. Public Employees Retirement System of Ohio bought a new position in shares of Mercury Systems during the second quarter worth about $43,000. Finally, Federated Hermes Inc. bought a new position in shares of Mercury Systems during the second quarter worth about $43,000. 95.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Royal Bank Of Canada increased their target price on shares of Mercury Systems from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Wall Street Zen lowered shares of Mercury Systems from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Piper Sandler reaffirmed an “overweight” rating and set a $131.00 price objective (up from $126.00) on shares of Mercury Systems in a research report on Wednesday, August 19th. The Goldman Sachs Group increased their price objective on shares of Mercury Systems from $60.00 to $68.00 and gave the stock a “sell” rating in a research note on Monday, May 11th. Finally, Canaccord Genuity Group increased their price objective on shares of Mercury Systems from $106.00 to $128.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $110.10.

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.