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

Mercury Systems Inc (NASDAQ:MRCY) EVP Steven Ratner sold 356 shares of Mercury Systems stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $91.36, for a total value of $32,524.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, August 20th, Steven Ratner sold 1,026 shares of Mercury Systems stock. The shares were sold at an average price of $97.67, for a total transaction of $100,209.42.
• On Wednesday, August 19th, Steven Ratner sold 2,187 shares of Mercury Systems stock. The stock was sold at an average price of $100.31, for a total transaction 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 transaction 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 transaction of $119,185.80.

Mercury Systems Stock Up 2.3%

Shares of NASDAQ MRCY opened at $89.76 on Thursday. The stock has a fifty day moving average price of $106.00 and a 200 day moving average price of $94.94. The company has a current ratio of 2.96, a quick ratio of 1.85 and a debt-to-equity ratio of 0.29. Mercury Systems Inc has a 12-month low of $65.04 and a 12-month high of $128.45. The company has a market cap of $5.40 billion, a P/E ratio of -179.52 and a beta of 0.95.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, August 18th. The technology company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The company had revenue of $289.78 million for the quarter, compared to analyst estimates of $266.09 million. Mercury Systems had a positive return on equity of 1.29% and a negative net margin of 3.02%.The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 EPS. Research analysts anticipate that Mercury Systems Inc will post 0.76 EPS for the current fiscal year.

Key Stories Impacting Mercury Systems

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

• Positive Sentiment: Mercury Systems reported quarterly revenue of $289.8 million, above the $266.1 million analyst consensus and up 6.1% year over year. The company’s aerospace and defense exposure, including secure computing and electronic-warfare systems, supports its longer-term growth outlook.
• Positive Sentiment: Piper Sandler recently reaffirmed an “overweight” rating and raised its price target to $131 from $126, indicating substantial upside potential from recent trading levels.
• Neutral Sentiment: Reported short interest was zero shares as of August 25, with a 0.0-day days-to-cover ratio. However, the filing also showed an invalid “NaN” percentage change, making the data an unreliable indicator of investor positioning.
• Neutral Sentiment: A law firm is soliciting Mercury Systems shareholders regarding alleged potential fiduciary-duty breaches. The announcement is not a confirmed regulatory finding or litigation outcome, but it introduces some headline risk. Shareholder solicitation
• Negative Sentiment: CEO William L. Ballhaus sold 173,209 shares in two transactions for approximately $15.7 million, reducing his direct holdings by roughly 20% and 27% in the respective filings. The scale and timing of the sales may be interpreted as a bearish signal, although insider transactions can also reflect diversification or personal financial planning. CEO SEC filings
• Negative Sentiment: EVPs Stuart Kupinsky and Steven Ratner also reported stock sales. Ratner has made several consecutive sales during the past week, adding to concerns about broad-based insider selling; Kupinsky’s transaction was made under a pre-arranged Rule 10b5-1 plan, which reduces its signaling value. Executive SEC filings
• Negative Sentiment: Quarterly earnings per share of $0.37 narrowly missed the $0.38 consensus and declined from $0.47 a year earlier. Mercury also posted a negative net margin, while analyst coverage remains mixed: the consensus rating is “Hold,” with an average target of $110.10.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MRCY. Weiss Ratings upgraded shares of Mercury Systems from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday. Truist Financial raised their price objective on Mercury Systems from $109.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. The Goldman Sachs Group upped their target price on Mercury Systems from $60.00 to $68.00 and gave the company a “sell” rating in a research report on Monday, May 11th. Canaccord Genuity Group raised their price target on shares of Mercury Systems from $106.00 to $128.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Mercury Systems to a “hold” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $110.10.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System raised its holdings in shares of Mercury Systems by 11,902.8% during the second quarter. California State Teachers Retirement System now owns 7,630,211 shares of the technology company’s stock valued at $933,404,000 after buying an additional 7,566,641 shares during the last quarter. HB Wealth Management LLC acquired a new stake in Mercury Systems in the 2nd quarter valued at approximately $376,000. Angeles Wealth Management LLC acquired a new stake in Mercury Systems in the 2nd quarter valued at approximately $237,000. Concurrent Investment Advisors LLC bought a new stake in Mercury Systems during the 2nd quarter valued at $234,000. Finally, Nykredit A S bought a new stake in Mercury Systems during the 2nd quarter valued at $265,000. Institutional investors own 95.99% of the company’s stock.

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.