Mercury Systems (NASDAQ:MRCY) CAO Douglas Munro Sells 582 Shares

Mercury Systems Inc (NASDAQ:MRCY) CAO Douglas Munro sold 582 shares of the firm’s stock in a transaction on 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 owned 14,328 shares in the company, valued at approximately $1,197,247.68. This represents a 3.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Mercury Systems Stock Down 1.9%

Mercury Systems stock traded down $1.68 during mid-day trading on Friday, reaching $88.18. 66,123 shares of the company were exchanged, compared to its average volume of 733,057. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.04 and a current ratio of 2.96. The firm has a market cap of $5.29 billion, a P/E ratio of -166.47, a PEG ratio of 7.18 and a beta of 0.75. The business has a fifty day moving average of $85.64 and a 200 day moving average of $76.52. Mercury Systems Inc has a 12-month low of $39.89 and a 12-month high of $103.84.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $209.96 million. During the same period in the prior year, the business posted $0.07 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. Research analysts anticipate that Mercury Systems Inc will post -0.08 earnings per share for the current fiscal year.

Institutional Trading of Mercury Systems

A number of institutional investors and hedge funds have recently modified their holdings of MRCY. Salomon & Ludwin LLC purchased a new stake in shares of Mercury Systems in the third quarter valued at about $32,000. Osaic Holdings Inc. boosted its stake in shares of Mercury Systems by 53.2% in the second quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock valued at $32,000 after purchasing an additional 208 shares during the period. Quaker Wealth Management LLC grew its stake in shares of 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 in the last quarter. Leonteq Securities AG acquired a new position in Mercury Systems during the 4th quarter worth $35,000. Finally, Hollencrest Capital Management purchased a new stake in shares of Mercury Systems in the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Analysts Set New Price Targets

MRCY has been the topic of a number of research reports. Truist Financial increased their price objective on Mercury Systems from $102.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $100.00 price objective on shares of Mercury Systems in a report on Wednesday, November 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Mercury Systems in a research report on Thursday, January 22nd. Canaccord Genuity Group set a $102.00 price target on Mercury Systems in a research report on Wednesday, February 4th. Finally, The Goldman Sachs Group upped their target price on Mercury Systems from $49.00 to $55.00 and gave the stock a “sell” rating in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $86.89.

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.