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

Mercury Systems, Inc. (NASDAQ:MRCY) EVP Stuart Kupinsky sold 2,377 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 62,834 shares of the company’s stock, valued at approximately $2,772,236.08. The trade was a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Mercury Systems Price Performance

MRCY stock opened at $44.00 on Thursday. Mercury Systems, Inc. has a one year low of $26.48 and a one year high of $52.25. The firm has a 50-day moving average of $42.48 and a two-hundred day moving average of $39.13. The firm has a market capitalization of $2.63 billion, a PE ratio of -28.21 and a beta of 0.79. The company has a current ratio of 3.62, a quick ratio of 2.36 and a debt-to-equity ratio of 0.41.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.08) 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%. On average, analysts forecast that Mercury Systems, Inc. will post -0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MRCY shares. JPMorgan Chase & Co. upped their price objective on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Jefferies Financial Group raised shares of Mercury Systems from an “underperform” rating to a “hold” rating and upped their price target for the company from $30.00 to $42.00 in a report on Monday, November 11th. StockNews.com upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Robert W. Baird upgraded shares of Mercury Systems from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $37.00 to $58.00 in a report on Wednesday, February 5th. Finally, Baird R W upgraded shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given 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 an average target price of $42.14.

Institutional Trading of Mercury Systems

Several hedge funds and other institutional investors have recently modified their holdings of the business. Corient Private Wealth LLC raised its position in Mercury Systems by 4.0% during the fourth quarter. Corient Private Wealth LLC now owns 6,858 shares of the technology company’s stock valued at $288,000 after buying an additional 266 shares during the period. Ironwood Investment Management LLC grew its stake in Mercury Systems by 0.7% during the 4th quarter. Ironwood Investment Management LLC now owns 40,994 shares of the technology company’s stock valued at $1,722,000 after acquiring an additional 300 shares in the last quarter. Signaturefd LLC increased its holdings 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. Nisa Investment Advisors LLC lifted its position 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 worth $62,000 after purchasing an additional 503 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its position in shares of Mercury Systems by 8.1% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 6,867 shares of the technology company’s stock worth $288,000 after purchasing an additional 517 shares in the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

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.