Mercury Systems, Inc. (NASDAQ:MRCY) EVP Stuart Kupinsky Sells 2,377 Shares of Stock

Mercury Systems, Inc. (NASDAQ:MRCY) EVP Stuart Kupinsky sold 2,377 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $104,873.24. Following the completion of the transaction, the executive vice president now directly owns 62,834 shares of the company’s stock, valued at approximately $2,772,236.08. This trade represents a 3.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Mercury Systems Trading Down 1.4 %

NASDAQ:MRCY traded down $0.64 during trading hours on Wednesday, hitting $44.00. 507,276 shares of the stock were exchanged, compared to its average volume of 535,004. The company has a market capitalization of $2.63 billion, a P/E ratio of -28.21 and a beta of 0.79. The company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41. The company’s 50 day moving average is $42.25 and its two-hundred day moving average is $39.02. Mercury Systems, Inc. has a twelve month low of $26.48 and a twelve month high of $52.25.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (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, sell-side analysts anticipate that Mercury Systems, Inc. will post -0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group upped their target price on shares of Mercury Systems from $25.00 to $28.00 and gave the stock a “sell” rating in a report on Thursday, January 16th. 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. 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 report on Thursday, November 7th. Baird R W raised Mercury Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Finally, Truist Financial boosted their price objective on Mercury Systems from $35.00 to $44.00 and gave the stock a “hold” rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $42.14.

Hedge Funds Weigh In On Mercury Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of MRCY. Signaturefd LLC lifted its stake in shares of Mercury Systems by 144.0% in the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock valued at $25,000 after purchasing an additional 393 shares during the period. Neo Ivy Capital Management acquired a new position in Mercury Systems in the fourth quarter valued at about $33,000. Nisa Investment Advisors LLC lifted its stake in Mercury Systems by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock valued at $62,000 after buying an additional 503 shares during the period. Sterling Capital Management LLC boosted its holdings in Mercury Systems by 762.6% during the fourth quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company’s stock worth $69,000 after buying an additional 1,449 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Mercury Systems during the 4th quarter worth about $75,000. 95.99% of the stock is owned by institutional investors.

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.