Mercury Systems, Inc. (NASDAQ:MRCY) EVP Sells $104,873.24 in Stock

Mercury Systems, Inc. (NASDAQ:MRCY) EVP Stuart Kupinsky sold 2,377 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $104,873.24. Following the completion of the transaction, the executive vice president now owns 62,834 shares in the company, valued at $2,772,236.08. This trade represents a 3.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Mercury Systems Stock Performance

NASDAQ:MRCY opened at $44.00 on Thursday. The firm has a market capitalization of $2.63 billion, a PE ratio of -28.21 and a beta of 0.79. The company has a current ratio of 3.62, a quick ratio of 2.36 and a debt-to-equity ratio of 0.41. Mercury Systems, Inc. has a 1 year low of $26.48 and a 1 year high of $52.25. The firm’s fifty day simple moving average is $42.48 and its 200 day simple moving average is $39.13.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Mercury Systems had a negative return on equity of 2.03% and a negative net margin of 10.23%. On average, sell-side analysts anticipate that Mercury Systems, Inc. will post -0.08 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on MRCY shares. Jefferies Financial Group raised Mercury Systems from an “underperform” rating to a “hold” rating and boosted their price target for the company from $30.00 to $42.00 in a research note on Monday, November 11th. Baird R W raised shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. The Goldman Sachs Group increased their price target on shares of Mercury Systems from $25.00 to $28.00 and gave the stock a “sell” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. lifted their price objective on shares of Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Truist Financial increased their target price on shares of Mercury Systems from $35.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $42.14.

Institutional Investors Weigh In On Mercury Systems

Institutional investors have recently added to or reduced their stakes in the stock. Neo Ivy Capital Management acquired a new position in shares of Mercury Systems in the 4th quarter worth approximately $33,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Mercury Systems by 11.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 140,701 shares of the technology company’s stock valued at $5,909,000 after purchasing an additional 14,129 shares during the last quarter. Vident Advisory LLC lifted its position in Mercury Systems by 29.2% during the 4th quarter. Vident Advisory LLC now owns 35,749 shares of the technology company’s stock worth $1,501,000 after buying an additional 8,088 shares in the last quarter. Rafferty Asset Management LLC grew its stake in shares of Mercury Systems by 5.1% in the fourth quarter. Rafferty Asset Management LLC now owns 12,977 shares of the technology company’s stock valued at $545,000 after buying an additional 632 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in Mercury Systems by 37.8% during the fourth quarter. ProShare Advisors LLC now owns 15,647 shares of the technology company’s stock worth $657,000 after purchasing an additional 4,294 shares during the period. 95.99% of the stock is owned by institutional investors and hedge funds.

Mercury Systems Company Profile

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.