Insider Selling: Mercury Systems (NASDAQ:MRCY) EVP Sells 1,000 Shares of Company Stock

Mercury Systems Inc (NASDAQ:MRCY) EVP Stuart Kupinsky sold 1,000 shares of Mercury Systems stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $76.00, for a total transaction of $76,000.00. Following the completion of the transaction, the executive vice president directly owned 59,971 shares of the company’s stock, valued at $4,557,796. The trade was a 1.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Stuart Kupinsky also recently made the following trade(s):

• On Monday, September 21st, Stuart Kupinsky sold 1,000 shares of Mercury Systems stock. The shares were sold at an average price of $86.52, for a total value of $86,520.00.
• On Friday, August 21st, Stuart Kupinsky sold 1,000 shares of Mercury Systems stock. The shares were sold at an average price of $95.23, for a total value of $95,230.00.
• On Wednesday, August 19th, Stuart Kupinsky sold 1,308 shares of Mercury Systems stock. The stock was sold at an average price of $100.31, for a total value of $131,205.48.
• On Tuesday, August 18th, Stuart Kupinsky sold 1,178 shares of Mercury Systems stock. The stock was sold at an average price of $111.36, for a total value of $131,182.08.
• On Monday, August 17th, Stuart Kupinsky sold 1,195 shares of Mercury Systems stock. The shares were sold at an average price of $109.95, for a total value of $131,390.25.

Mercury Systems Price Performance

Mercury Systems stock opened at $74.87 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.96 and a quick ratio of 1.85. The stock has a market capitalization of $4.56 billion, a PE ratio of -149.74 and a beta of 0.97. The business has a 50 day simple moving average of $83.97 and a 200-day simple moving average of $94.80. Mercury Systems Inc has a 12 month low of $65.04 and a 12 month high of $128.45.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, August 18th. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The company had revenue of $289.78 million during the quarter, compared to analyst estimates of $266.09 million. Mercury Systems had a negative net margin of 3.02% and a positive return on equity of 1.29%. Mercury Systems’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 EPS. On average, analysts anticipate that Mercury Systems Inc will post 0.91 EPS for the current fiscal year.

Institutional Trading of Mercury Systems

Several hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Mercury Systems by 8.5% in the second quarter. GAMMA Investing LLC now owns 1,984 shares of the technology company’s stock valued at $243,000 after buying an additional 155 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Mercury Systems by 2.1% during the 3rd quarter. Quadrant Capital Group LLC now owns 8,017 shares of the technology company’s stock valued at $615,000 after acquiring an additional 167 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in Mercury Systems by 53.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 653 shares of the technology company’s stock worth $48,000 after acquiring an additional 228 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Mercury Systems by 4.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,045 shares of the technology company’s stock valued at $514,000 after buying an additional 319 shares during the last quarter. Finally, IFP Advisors Inc increased its position in shares of Mercury Systems by 250.8% during the second quarter. IFP Advisors Inc now owns 463 shares of the technology company’s stock worth $57,000 after buying an additional 331 shares during the period. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MRCY shares. Truist Financial raised their price target on shares of Mercury Systems from $109.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Deutsche Bank Aktiengesellschaft cut Mercury Systems to a “hold” rating in a report on Wednesday, August 12th. Oppenheimer initiated coverage on Mercury Systems in a research report on Thursday. They issued an “outperform” rating and a $90.00 target price on the stock. Robert W. Baird boosted their price target on Mercury Systems from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Finally, Piper Sandler decreased their price objective on Mercury Systems from $131.00 to $107.00 and set an “overweight” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Mercury Systems currently has a consensus rating of “Moderate Buy” and an average price target of $108.55.

About Mercury Systems

Mercury Systems, Inc is an aerospace and defense technology company that develops and manufactures mission-critical computing and electronic systems. Its products are designed for use in aircraft, unmanned systems, naval vessels, ground vehicles, radar platforms and other defense applications.

The company provides embedded computing solutions, including high-performance processors, ruggedized computers, secure servers, data-storage systems and software. Its portfolio also includes radio-frequency and microwave components, electronic warfare systems, signal processing technologies and systems used for radar, communications, avionics and intelligence, surveillance and reconnaissance missions.

Founded in 1981 and headquartered in Andover, Massachusetts, Mercury Systems primarily serves the U.S.