Steven Ratner Sells 2,000 Shares of Mercury Systems (NASDAQ:MRCY) Stock

Mercury Systems Inc (NASDAQ:MRCY) EVP Steven Ratner sold 2,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $92.46, for a total transaction of $184,920.00. Following the sale, the executive vice president directly owned 32,238 shares in the company, valued at approximately $2,980,725.48. This trade represents a 5.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Mercury Systems Stock Up 0.4%

NASDAQ:MRCY traded up $0.37 during trading hours on Tuesday, hitting $92.32. 462,840 shares of the stock traded hands, compared to its average volume of 640,850. The firm has a 50 day moving average price of $81.33 and a 200 day moving average price of $80.83. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.40. Mercury Systems Inc has a fifty-two week low of $44.01 and a fifty-two week high of $103.84. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of -384.67, a PEG ratio of 8.75 and a beta of 0.83.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, May 5th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.21. Mercury Systems had a negative net margin of 1.46% and a positive return on equity of 2.22%. The company had revenue of $235.76 million for the quarter, compared to the consensus estimate of $208.56 million. During the same period in the previous year, the business earned $0.06 EPS. The company’s revenue was up 11.5% on a year-over-year basis. Equities research analysts anticipate that Mercury Systems Inc will post 0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Mercury Systems

Hedge funds and other institutional investors have recently made changes to their positions in the business. Leonteq Securities AG acquired a new stake in shares of Mercury Systems in the fourth quarter valued at about $35,000. Hollencrest Capital Management acquired a new stake in shares of Mercury Systems in the fourth quarter valued at about $37,000. AlphaQuest LLC grew its position in shares of Mercury Systems by 41.9% in the third quarter. AlphaQuest LLC now owns 569 shares of the technology company’s stock valued at $44,000 after purchasing an additional 168 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of Mercury Systems by 53.2% in the second quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock valued at $32,000 after purchasing an additional 208 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in shares of Mercury Systems by 53.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 653 shares of the technology company’s stock valued at $48,000 after purchasing an additional 228 shares during the last quarter. 95.99% of the stock is owned by institutional investors and hedge funds.

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.