Insider Selling: Mercury Systems (NASDAQ:MRCY) EVP Sells $184,920.00 in Stock

Mercury Systems Inc (NASDAQ:MRCY) EVP Steven Ratner sold 2,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $92.46, for a total transaction of $184,920.00. Following the completion of the sale, the executive vice president directly owned 32,238 shares in the company, valued at $2,980,725.48. This trade represents a 5.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Mercury Systems Trading Up 2.2%

Shares of Mercury Systems stock opened at $94.54 on Friday. The firm has a market capitalization of $5.68 billion, a PE ratio of -393.92, a price-to-earnings-growth ratio of 8.96 and a beta of 0.83. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.19 and a quick ratio of 2.15. The company’s fifty day moving average price is $81.53 and its two-hundred day moving average price is $81.16. Mercury Systems Inc has a 52-week low of $44.01 and a 52-week high of $103.84.

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

Analyst Ratings Changes

Several research firms have recently weighed in on MRCY. The Goldman Sachs Group upped their target price on shares of Mercury Systems from $60.00 to $68.00 and gave the stock a “sell” rating in a report on Monday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mercury Systems in a report on Tuesday, April 21st. Truist Financial raised shares of Mercury Systems to a “strong-buy” rating in a report on Friday, May 1st. Canaccord Genuity Group upped their target price on shares of Mercury Systems from $102.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $95.00 target price on shares of Mercury Systems in a report on Sunday. Two 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 given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $89.89.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MRCY. Invesco Ltd. lifted its position in Mercury Systems by 161.7% during the 3rd quarter. Invesco Ltd. now owns 1,527,443 shares of the technology company’s stock worth $118,224,000 after buying an additional 943,736 shares in the last quarter. First Trust Advisors LP lifted its position in Mercury Systems by 96.3% during the 3rd quarter. First Trust Advisors LP now owns 1,532,822 shares of the technology company’s stock worth $118,640,000 after buying an additional 751,813 shares in the last quarter. State Street Corp lifted its position in 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 in the last quarter. Goldman Sachs Group Inc. lifted its position in Mercury Systems by 51.6% during the 1st 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. Finally, Bessemer Group Inc. lifted its position in Mercury Systems by 118,133.6% during the 3rd quarter. Bessemer Group Inc. now owns 274,302 shares of the technology company’s stock worth $21,232,000 after buying an additional 274,070 shares in the last quarter. Institutional investors and hedge funds 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.