Mercury Systems, Inc. (NASDAQ:MRCY) CAO Douglas Munro Sells 595 Shares of Stock

Mercury Systems, Inc. (NASDAQ:MRCY) CAO Douglas Munro sold 595 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $26,251.40. Following the completion of the sale, the chief accounting officer now owns 14,572 shares of the company’s stock, valued at approximately $642,916.64. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Mercury Systems Stock Down 1.4 %

NASDAQ:MRCY opened at $44.00 on Thursday. Mercury Systems, Inc. has a 52 week low of $26.48 and a 52 week high of $52.25. The stock’s fifty day moving average is $42.48 and its two-hundred day moving average is $39.13. The stock has a market capitalization of $2.63 billion, a price-to-earnings 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.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Research analysts anticipate that Mercury Systems, Inc. will post -0.08 EPS for the current year.

Institutional Trading of Mercury Systems

Several hedge funds have recently made changes to their positions in the business. Signaturefd LLC grew its holdings in shares of Mercury Systems by 144.0% in the third quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock valued at $25,000 after purchasing an additional 393 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Mercury Systems in the fourth quarter worth $33,000. Sterling Capital Management LLC increased its position in shares of 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 acquiring an additional 1,449 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of 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 acquiring an additional 503 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Mercury Systems in the fourth quarter valued at $75,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. StockNews.com upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. The Goldman Sachs Group raised their price target 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 upgraded Mercury Systems from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $37.00 to $58.00 in a report on Wednesday, February 5th. JPMorgan Chase & Co. raised their target price on Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Truist Financial lifted their target price on Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Mercury Systems presently has a consensus rating of “Hold” and a consensus price target of $42.14.

Mercury Systems Company Profile

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.