Mercury Systems, Inc. (NASDAQ:MRCY) CAO Douglas Munro Sells 595 Shares

Mercury Systems, Inc. (NASDAQ:MRCY) CAO Douglas Munro sold 595 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $26,251.40. Following the completion of the sale, the chief accounting officer now directly owns 14,572 shares in the company, valued at approximately $642,916.64. This represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Mercury Systems Trading Down 1.4 %

MRCY opened at $44.00 on Thursday. The company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41. Mercury Systems, Inc. has a 52 week low of $26.48 and a 52 week high of $52.25. The business’s 50 day moving average is $42.48 and its two-hundred day moving average is $39.13. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of -28.21 and a beta of 0.79.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results 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 net margin of 10.23% and a negative return on equity of 2.03%. On average, research analysts predict that Mercury Systems, Inc. will post -0.08 EPS for the current year.

Institutional Investors Weigh In On Mercury Systems

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Neo Ivy Capital Management acquired a new position in Mercury Systems in the 4th quarter valued at about $33,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Mercury Systems by 11.2% in the 4th 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 increased its holdings in shares of Mercury Systems by 29.2% in the fourth quarter. Vident Advisory LLC now owns 35,749 shares of the technology company’s stock valued at $1,501,000 after purchasing an additional 8,088 shares during the period. Rafferty Asset Management LLC raised its stake in shares of Mercury Systems by 5.1% during the fourth quarter. Rafferty Asset Management LLC now owns 12,977 shares of the technology company’s stock worth $545,000 after purchasing an additional 632 shares during the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of 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 last quarter. 95.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MRCY. The Goldman Sachs Group boosted their target price 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. StockNews.com raised Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. boosted their target price on Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Jefferies Financial Group raised Mercury Systems from an “underperform” rating to a “hold” rating and upped their price target for the company from $30.00 to $42.00 in a report on Monday, November 11th. Finally, Robert W. Baird raised shares of Mercury Systems from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $37.00 to $58.00 in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.14.

About Mercury Systems

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.