Mercury Systems (NASDAQ:MRCY) EVP Steven Ratner Sells 4,000 Shares

Mercury Systems Inc (NASDAQ:MRCY) EVP Steven Ratner sold 4,000 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $84.51, for a total transaction of $338,040.00. Following the sale, the executive vice president owned 19,275 shares of the company’s stock, valued at approximately $1,628,930.25. This represents a 17.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Steven Ratner also recently made the following trade(s):

• On Friday, August 21st, Steven Ratner sold 356 shares of Mercury Systems stock. The shares were sold at an average price of $91.36, for a total transaction of $32,524.16.
• On Thursday, August 20th, Steven Ratner sold 1,026 shares of Mercury Systems stock. The shares were sold at an average price of $97.67, for a total transaction of $100,209.42.
• On Wednesday, August 19th, Steven Ratner sold 2,187 shares of Mercury Systems stock. The shares were sold at an average price of $100.31, for a total transaction of $219,377.97.
• On Tuesday, August 18th, Steven Ratner sold 1,971 shares of Mercury Systems stock. The stock was sold at an average price of $111.36, for a total transaction of $219,490.56.
• On Monday, August 17th, Steven Ratner sold 1,084 shares of Mercury Systems stock. The stock was sold at an average price of $109.95, for a total value of $119,185.80.

Mercury Systems Stock Performance

Shares of MRCY stock opened at $80.76 on Thursday. The stock has a market capitalization of $4.86 billion, a PE ratio of -161.52 and a beta of 0.98. Mercury Systems Inc has a 52-week low of $65.04 and a 52-week high of $128.45. The stock’s 50-day moving average price is $100.39 and its 200 day moving average price is $95.00. The company has a quick ratio of 1.85, a current ratio of 2.96 and a debt-to-equity ratio of 0.29.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, August 18th. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). Mercury Systems had a negative net margin of 3.02% and a positive return on equity of 1.29%. The company had revenue of $289.78 million for the quarter, compared to analysts’ expectations of $266.09 million. During the same period in the prior year, the company earned $0.47 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. As a group, equities research analysts forecast that Mercury Systems Inc will post 0.89 EPS for the current year.

Institutional Trading of Mercury Systems

Several hedge funds have recently modified their holdings of MRCY. Integrated Wealth Concepts LLC purchased a new position in Mercury Systems in the second quarter worth $87,000. IFP Advisors Inc lifted its holdings in Mercury Systems by 250.8% in the second quarter. IFP Advisors Inc now owns 463 shares of the technology company’s stock valued at $57,000 after acquiring an additional 331 shares during the period. Nykredit A S purchased a new stake in shares of Mercury Systems during the 2nd quarter worth $265,000. Corient Private Wealth LP boosted its position in shares of Mercury Systems by 92.4% during the 2nd quarter. Corient Private Wealth LP now owns 11,338 shares of the technology company’s stock worth $1,387,000 after purchasing an additional 5,446 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of Mercury Systems by 11,902.8% during the 2nd quarter. California State Teachers Retirement System now owns 7,630,211 shares of the technology company’s stock worth $933,404,000 after purchasing an additional 7,566,641 shares during the period. 95.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MRCY has been the subject of several recent research reports. Canaccord Genuity Group increased their price target on Mercury Systems from $106.00 to $128.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. JPMorgan Chase & Co. boosted their price objective on shares of Mercury Systems from $99.00 to $101.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Piper Sandler restated an “overweight” rating and set a $131.00 price objective (up from $126.00) on shares of Mercury Systems in a research report on Wednesday, August 19th. Weiss Ratings upgraded shares of Mercury Systems from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 24th. Finally, Wall Street Zen downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Mercury Systems has a consensus rating of “Hold” and a consensus target price of $110.10.

About Mercury Systems

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.