Steven Ratner Sells 2,000 Shares of Mercury Systems (NASDAQ:MRCY) Stock

Mercury Systems Inc (NASDAQ:MRCY) EVP Steven Ratner sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $92.46, for a total value of $184,920.00. Following the completion of the sale, the executive vice president directly owned 32,238 shares of the company’s stock, valued at approximately $2,980,725.48. The trade was a 5.84% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Mercury Systems Stock Up 0.2%

Shares of Mercury Systems stock opened at $92.50 on Thursday. The stock has a market capitalization of $5.55 billion, a P/E ratio of -385.42, a PEG ratio of 8.94 and a beta of 0.83. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.40. The stock has a 50 day moving average price of $81.42 and a two-hundred day moving average price of $81.05. Mercury Systems Inc has a 12-month low of $44.01 and a 12-month high of $103.84.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, May 5th. The technology company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. The firm had revenue of $235.76 million during the quarter, compared to analysts’ expectations of $208.56 million. Mercury Systems had a positive return on equity of 2.22% and a negative net margin of 1.46%.The company’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 earnings per share. Equities analysts expect that Mercury Systems Inc will post 0.18 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MRCY shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mercury Systems in a research report on Tuesday, April 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $105.00 target price on shares of Mercury Systems in a research report on Wednesday, February 4th. Canaccord Genuity Group upped their target price on Mercury Systems from $102.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Jefferies Financial Group reaffirmed a “hold” rating and set a $95.00 target price on shares of Mercury Systems in a research report on Sunday. Finally, Truist Financial raised Mercury Systems to a “strong-buy” rating in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $89.89.

Institutional Investors Weigh In On Mercury Systems

Several hedge funds have recently modified their holdings of the business. Signaturefd LLC boosted its position in shares of Mercury Systems by 15.4% in the fourth quarter. Signaturefd LLC now owns 804 shares of the technology company’s stock valued at $59,000 after acquiring an additional 107 shares during the period. Maryland State Retirement & Pension System boosted its position in shares of Mercury Systems by 1.8% in the fourth quarter. Maryland State Retirement & Pension System now owns 7,714 shares of the technology company’s stock valued at $563,000 after acquiring an additional 134 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Mercury Systems by 2.0% in the third quarter. PNC Financial Services Group Inc. now owns 7,175 shares of the technology company’s stock valued at $555,000 after acquiring an additional 142 shares during the period. AlphaQuest LLC boosted its position in shares of Mercury Systems by 41.9% in the third quarter. AlphaQuest LLC now owns 569 shares of the technology company’s stock valued at $44,000 after acquiring an additional 168 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of Mercury Systems by 10.3% in the third quarter. Nisa Investment Advisors LLC now owns 1,941 shares of the technology company’s stock valued at $150,000 after acquiring an additional 181 shares during the period. 95.99% of the stock is owned by institutional investors.

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.