Insider Selling: Mercury Systems (NASDAQ:MRCY) EVP Sells 2,000 Shares of Stock

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

Mercury Systems Stock Up 0.4%

Mercury Systems stock traded up $0.37 during midday trading on Tuesday, hitting $92.32. The stock had a trading volume of 462,840 shares, compared to its average volume of 640,850. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.40. The stock has a market cap of $5.54 billion, a P/E ratio of -384.67, a P/E/G ratio of 8.75 and a beta of 0.83. Mercury Systems Inc has a 12 month low of $44.01 and a 12 month high of $103.84. The business has a fifty day moving average price of $81.33 and a 200 day moving average price of $80.83.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.27 earnings per share for the quarter, beating the consensus estimate 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%.Mercury Systems’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.06 earnings per share. Research analysts predict that Mercury Systems Inc will post 0.18 EPS for the current year.

Institutional Trading of Mercury Systems

Large investors have recently added to or reduced their stakes in the company. Leonteq Securities AG acquired a new stake in Mercury Systems during the 4th quarter valued at $35,000. Hollencrest Capital Management acquired a new stake in Mercury Systems during the 4th quarter valued at $37,000. AlphaQuest LLC raised its stake in Mercury Systems by 41.9% during the 3rd 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 period. Osaic Holdings Inc. raised its stake in Mercury Systems by 53.2% during the 2nd 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 period. Finally, Rockefeller Capital Management L.P. raised its stake in Mercury Systems by 53.6% during the 4th 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 period. 95.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on MRCY. The Goldman Sachs Group boosted their price objective on Mercury Systems from $60.00 to $68.00 and gave the company a “sell” rating in a report on Monday. Royal Bank Of Canada reiterated an “outperform” rating and set a $105.00 price objective on shares of Mercury Systems in a research report on Wednesday, February 4th. Jefferies Financial Group reissued a “hold” rating and set a $95.00 target price on shares of Mercury Systems in a report on Sunday. Canaccord Genuity Group boosted their target price on Mercury Systems from $102.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Mercury Systems in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.89.

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.