Howard Lance Sells 9,250 Shares of Mercury Systems (NASDAQ:MRCY) Stock

Mercury Systems Inc (NASDAQ:MRCY) Director Howard Lance sold 9,250 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $99.76, for a total value of $922,780.00. The sale was disclosed in a filing with the SEC, which is available through this link.

Mercury Systems Stock Down 2.2%

MRCY traded down $2.21 during midday trading on Wednesday, reaching $97.11. 473,872 shares of the company were exchanged, compared to its average volume of 536,137. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.15 and a current ratio of 3.19. The company’s fifty day moving average price is $83.52 and its 200 day moving average price is $82.34. The company has a market cap of $5.83 billion, a price-to-earnings ratio of -404.63 and a beta of 0.83. Mercury Systems Inc has a one year low of $47.53 and a one year high of $103.84.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. The firm had revenue of $235.76 million during the quarter, compared to analyst estimates of $208.56 million. Mercury Systems had a positive return on equity of 2.22% and a negative net margin of 1.46%.The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 EPS. As a group, analysts expect that Mercury Systems Inc will post 0.18 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Mercury Systems in a research report on Tuesday, April 21st. Royal Bank Of Canada reissued an “outperform” rating and set a $105.00 price target on shares of Mercury Systems in a research report on Wednesday, February 4th. Truist Financial raised shares of Mercury Systems to a “strong-buy” rating in a research report on Friday, May 1st. Jefferies Financial Group reissued a “hold” rating and set a $95.00 price target on shares of Mercury Systems in a research report on Sunday, May 10th. Finally, Canaccord Genuity Group raised their price target on shares of Mercury Systems from $102.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.89.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MRCY. AQR Capital Management LLC bought a new position in shares of Mercury Systems during the first quarter valued at about $755,000. Goldman Sachs Group Inc. raised its position in 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Mercury Systems by 13.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,617 shares of the technology company’s stock worth $6,878,000 after acquiring an additional 18,916 shares during the period. Jane Street Group LLC raised its position in Mercury Systems by 161.3% in the first quarter. Jane Street Group LLC now owns 50,769 shares of the technology company’s stock worth $2,188,000 after acquiring an additional 31,337 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Mercury Systems by 30.3% in the second quarter. JPMorgan Chase & Co. now owns 124,973 shares of the technology company’s stock worth $6,731,000 after acquiring an additional 29,057 shares during the period. 95.99% of the stock is owned by institutional investors.

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.