Mercury Systems (NASDAQ:MRCY) EVP Stuart Kupinsky Sells 2,287 Shares

Mercury Systems Inc (NASDAQ:MRCY) EVP Stuart Kupinsky sold 2,287 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $83.56, for a total transaction of $191,101.72. Following the completion of the sale, the executive vice president directly owned 68,010 shares of the company’s stock, valued at $5,682,915.60. The trade was a 3.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Mercury Systems Stock Performance

Mercury Systems stock traded down $1.87 during mid-day trading on Friday, reaching $87.99. 56,826 shares of the company’s stock were exchanged, compared to its average volume of 732,607. The business’s fifty day simple moving average is $85.64 and its 200 day simple moving average is $76.52. The firm has a market capitalization of $5.28 billion, a PE ratio of -167.35, a P/E/G ratio of 7.18 and a beta of 0.75. Mercury Systems Inc has a one year low of $39.89 and a one year high of $103.84. The company has a quick ratio of 2.04, a current ratio of 2.96 and a debt-to-equity ratio of 0.41.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, February 3rd. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.09. Mercury Systems had a positive return on equity of 1.28% and a negative net margin of 3.23%.The firm had revenue of $232.87 million during the quarter, compared to analyst estimates of $209.96 million. During the same period last year, the firm posted $0.07 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. On average, sell-side analysts expect that Mercury Systems Inc will post -0.08 earnings per share for the current year.

Institutional Trading of Mercury Systems

A number of institutional investors have recently made changes to their positions in MRCY. Salomon & Ludwin LLC bought a new stake in shares of Mercury Systems in the third quarter worth about $32,000. Osaic Holdings Inc. raised its holdings in shares of Mercury Systems by 53.2% during the second quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock valued at $32,000 after acquiring an additional 208 shares in the last quarter. Quaker Wealth Management LLC lifted its stake in Mercury Systems by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 644 shares of the technology company’s stock worth $35,000 after acquiring an additional 1,288 shares during the period. Leonteq Securities AG bought a new stake in Mercury Systems in the fourth quarter valued at $35,000. Finally, Hollencrest Capital Management purchased a new position in Mercury Systems during the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MRCY shares. Jefferies Financial Group reissued a “hold” rating and issued a $85.00 price target on shares of Mercury Systems in a research report on Sunday, February 8th. The Goldman Sachs Group lifted their target price on Mercury Systems from $49.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, January 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Mercury Systems in a research report on Thursday, January 22nd. Truist Financial raised their price target on shares of Mercury Systems from $102.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Finally, Canaccord Genuity Group set a $102.00 price objective on Mercury Systems in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $86.89.

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.