Mercury Systems (NASDAQ:MRCY) Director Sells $625,520.00 in Stock

Mercury Systems Inc (NASDAQ:MRCY) Director Orlando Carvalho sold 7,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $89.36, for a total value of $625,520.00. Following the sale, the director owned 52,448 shares of the company’s stock, valued at approximately $4,686,753.28. This trade represents a 11.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Mercury Systems Stock Down 2.7%

Mercury Systems stock opened at $92.03 on Friday. The stock has a market cap of $5.53 billion, a PE ratio of -383.46, a price-to-earnings-growth ratio of 9.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.15 and a current ratio of 3.19. Mercury Systems Inc has a one year low of $44.01 and a one year high of $103.84. The stock has a fifty day moving average of $81.58 and a 200 day moving average of $81.23.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. The company 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%.Mercury Systems’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. As a group, sell-side analysts predict that Mercury Systems Inc will post 0.18 EPS for the current year.

Analyst Ratings Changes

MRCY has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Mercury Systems in a research report on Tuesday, April 21st. Canaccord Genuity Group upped their price target on Mercury Systems from $102.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Royal Bank Of Canada restated an “outperform” rating and issued a $105.00 price target on shares of Mercury Systems in a research report on Wednesday, February 4th. The Goldman Sachs Group upped their price target on Mercury Systems from $60.00 to $68.00 and gave the stock a “sell” rating in a research report on Monday. Finally, Jefferies Financial Group restated a “hold” rating and issued a $95.00 price target on shares of Mercury Systems in a research report on Sunday, May 10th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Mercury Systems currently has an average rating of “Moderate Buy” and an average price target of $89.89.

Hedge Funds Weigh In On Mercury Systems

A number of hedge funds have recently made changes to their positions in MRCY. Invesco Ltd. boosted its stake in shares of Mercury Systems by 161.7% in the third quarter. Invesco Ltd. now owns 1,527,443 shares of the technology company’s stock worth $118,224,000 after acquiring an additional 943,736 shares during the period. First Trust Advisors LP boosted its stake in shares of Mercury Systems by 96.3% in the third 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. State Street Corp boosted its stake in shares of Mercury Systems by 12.1% in the fourth quarter. State Street Corp now owns 3,423,600 shares of the technology company’s stock worth $249,957,000 after acquiring an additional 368,242 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Mercury Systems by 51.6% in the first quarter. Goldman Sachs Group Inc. now owns 855,441 shares of the technology company’s stock worth $36,861,000 after acquiring an additional 290,989 shares during the period. Finally, Bessemer Group Inc. boosted its stake in shares of Mercury Systems by 118,133.6% in the third quarter. Bessemer Group Inc. now owns 274,302 shares of the technology company’s stock worth $21,232,000 after acquiring an additional 274,070 shares during the period. Institutional investors own 95.99% of the company’s stock.

Mercury Systems Company Profile

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.