Mercury Systems (NASDAQ:MRCY) EVP Steven Ratner Sells 356 Shares

Mercury Systems Inc (NASDAQ:MRCY) EVP Steven Ratner sold 356 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $91.36, for a total value of $32,524.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, August 20th, Steven Ratner sold 1,026 shares of Mercury Systems stock. The stock was sold at an average price of $97.67, for a total value 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 value 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 value of $119,185.80.

Mercury Systems Stock Performance

Shares of MRCY opened at $87.74 on Wednesday. The company has a quick ratio of 1.85, a current ratio of 2.96 and a debt-to-equity ratio of 0.29. The business has a 50-day simple moving average of $106.52 and a two-hundred day simple moving average of $94.87. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of -175.48 and a beta of 0.95. Mercury Systems Inc has a 52 week low of $65.04 and a 52 week 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 the consensus estimate of $0.38 by ($0.01). Mercury Systems had a positive return on equity of 1.29% and a negative net margin of 3.02%.The company had revenue of $289.78 million during the quarter, compared to the consensus estimate of $266.09 million. During the same period last year, the business earned $0.47 EPS. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, analysts expect that Mercury Systems Inc will post 0.77 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MRCY. Deutsche Bank Aktiengesellschaft downgraded shares of Mercury Systems to a “hold” rating in a report on Wednesday, August 12th. Zacks Research downgraded shares of Mercury Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Weiss Ratings upgraded shares of Mercury Systems from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday. Piper Sandler reaffirmed an “overweight” rating and issued a $131.00 target price (up from $126.00) on shares of Mercury Systems in a report on Wednesday, August 19th. Finally, JPMorgan Chase & Co. increased their price target on Mercury Systems from $99.00 to $101.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $110.10.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC bought a new stake in shares of Mercury Systems during the first quarter valued at approximately $755,000. Goldman Sachs Group Inc. lifted its holdings in shares of Mercury Systems by 51.6% in the first quarter. Goldman Sachs Group Inc. now owns 855,441 shares of the technology company’s stock worth $36,861,000 after buying an additional 290,989 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Mercury Systems by 13.4% during 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 worth $6,878,000 after acquiring an additional 18,916 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Mercury Systems by 161.3% during 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 last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Mercury Systems by 30.3% during 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 last quarter. 95.99% of the stock is currently owned by institutional investors.

More Mercury Systems News

Here are the key news stories impacting Mercury Systems this week:

• Neutral Sentiment: Reported short interest was listed at zero shares as of August 25, unchanged from zero shares previously, with a 0.0-day days-to-cover ratio. Because the data also reports an invalid “NaN” percentage change, it provides little useful signal for investors.
• Neutral Sentiment: A law firm is asking Mercury Systems shareholders to discuss their rights and options regarding alleged potential fiduciary-duty breaches. The release is an investor solicitation rather than a confirmed regulatory finding or lawsuit outcome, but it may add headline risk. Shareholder fiduciary-duty solicitation
• Negative Sentiment: CEO William L. Ballhaus sold 65,000 shares for approximately $6.0 million on August 21 at an average price of $92.41, reducing his direct ownership by 20.25%. He sold another 108,209 shares for approximately $9.7 million on August 24 at an average price of $89.50, a 26.52% reduction in ownership. The combined sales of roughly $15.7 million can be viewed as a lack of confidence by some investors, even though insider sales can also reflect diversification or personal financial planning. CEO SEC Form 4 filings
• Negative Sentiment: EVP Stuart Kupinsky sold 1,000 shares for $95,230, while EVP Steven Ratner sold 356 shares for $32,524. Kupinsky’s transaction was executed under a pre-arranged Rule 10b5-1 plan, which somewhat reduces its signaling value, but the additional executive selling reinforces the near-term bearish narrative. Executive SEC Form 4 filings

About Mercury Systems

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.