Mercury Systems (NASDAQ:MRCY) CAO Sells $48,631.92 in Stock

Mercury Systems Inc (NASDAQ:MRCY) CAO Douglas Munro sold 582 shares of Mercury Systems stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $83.56, for a total value of $48,631.92. Following the transaction, the chief accounting officer directly owned 14,328 shares in the company, valued at approximately $1,197,247.68. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Mercury Systems Stock Performance

MRCY stock opened at $87.63 on Friday. The firm has a 50 day simple moving average of $85.90 and a 200 day simple moving average of $76.92. Mercury Systems Inc has a 52 week low of $39.89 and a 52 week high of $103.84. The stock has a market cap of $5.26 billion, a P/E ratio of -165.34, a P/E/G ratio of 7.26 and a beta of 0.75. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.04 and a current ratio of 2.96.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.09. The firm had revenue of $232.87 million for the quarter, compared to analyst estimates of $209.96 million. Mercury Systems had a negative net margin of 3.23% and a positive return on equity of 1.28%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 EPS. Research analysts anticipate that Mercury Systems Inc will post -0.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MRCY has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Mercury Systems in a research note on Thursday, January 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $105.00 price target on shares of Mercury Systems in a report on Wednesday, February 4th. Canaccord Genuity Group set a $102.00 price objective on Mercury Systems in a report on Wednesday, February 4th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $100.00 price objective on shares of Mercury Systems in a research report on Wednesday, November 5th. Finally, Truist Financial boosted their target price on shares of Mercury Systems from $102.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Mercury Systems currently has an average rating of “Hold” and an average price target of $86.89.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Mercury Systems by 4.0% during the third quarter. Vanguard Group Inc. now owns 5,731,033 shares of the technology company’s stock worth $443,582,000 after purchasing an additional 221,093 shares during the period. State Street Corp boosted its holdings in shares of Mercury Systems by 12.1% during the 4th quarter. State Street Corp now owns 3,423,600 shares of the technology company’s stock worth $249,957,000 after buying an additional 368,242 shares during the period. Invesco Ltd. boosted its holdings in shares of Mercury Systems by 25.1% during the 4th quarter. Invesco Ltd. now owns 1,910,742 shares of the technology company’s stock worth $139,503,000 after buying an additional 383,299 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in Mercury Systems by 1.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,542,851 shares of the technology company’s stock valued at $112,644,000 after buying an additional 21,182 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in Mercury Systems by 96.3% in the 3rd quarter. First Trust Advisors LP now owns 1,532,822 shares of the technology company’s stock worth $118,640,000 after acquiring an additional 751,813 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.