Douglas Munro Sells 1,329 Shares of Mercury Systems (NASDAQ:MRCY) Stock

Mercury Systems Inc (NASDAQ:MRCY) CAO Douglas Munro sold 1,329 shares of Mercury Systems stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $73.42, for a total transaction of $97,575.18. Following the sale, the chief accounting officer directly owned 14,678 shares in the company, valued at $1,077,658.76. This trade represents a 8.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Douglas Munro also recently made the following trade(s):

• On Tuesday, September 16th, Douglas Munro sold 67 shares of Mercury Systems stock. The stock was sold at an average price of $73.40, for a total transaction of $4,917.80.
• On Monday, August 18th, Douglas Munro sold 363 shares of Mercury Systems stock. The stock was sold at an average price of $66.52, for a total transaction of $24,146.76.
• On Tuesday, August 19th, Douglas Munro sold 376 shares of Mercury Systems stock. The shares were sold at an average price of $64.46, for a total value of $24,236.96.

Mercury Systems Price Performance

Shares of MRCY opened at $70.85 on Friday. Mercury Systems Inc has a 12 month low of $37.28 and a 12 month high of $85.33. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.52 and a quick ratio of 2.41. The stock has a fifty day moving average price of $76.31 and a 200 day moving average price of $61.77. The company has a market cap of $4.26 billion, a P/E ratio of -107.35, a PEG ratio of 3.17 and a beta of 0.79.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, June 7th. The technology company reported $0.64 earnings per share (EPS) for the quarter. The business had revenue of $256.86 million during the quarter. Mercury Systems had a positive return on equity of 0.58% and a negative net margin of 4.16%. On average, research analysts forecast that Mercury Systems Inc will post -0.08 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MRCY. Schonfeld Strategic Advisors LLC acquired a new position in Mercury Systems in the 3rd quarter valued at approximately $1,013,000. Creative Planning increased its position in shares of Mercury Systems by 56.7% during the third quarter. Creative Planning now owns 24,814 shares of the technology company’s stock valued at $1,921,000 after purchasing an additional 8,975 shares during the period. Raymond James Financial Inc. raised its stake in shares of Mercury Systems by 15.9% in the third quarter. Raymond James Financial Inc. now owns 192,889 shares of the technology company’s stock valued at $14,930,000 after purchasing an additional 26,411 shares in the last quarter. California State Teachers Retirement System lifted its position in Mercury Systems by 3.6% in the third quarter. California State Teachers Retirement System now owns 48,527 shares of the technology company’s stock worth $3,756,000 after purchasing an additional 1,679 shares during the period. Finally, One Capital Management LLC lifted its position in Mercury Systems by 2.4% in the third quarter. One Capital Management LLC now owns 20,407 shares of the technology company’s stock worth $1,580,000 after purchasing an additional 478 shares during the period. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on MRCY shares. Truist Financial upped their price target on Mercury Systems from $71.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Raymond James Financial restated a “strong-buy” rating and set a $100.00 price objective on shares of Mercury Systems in a report on Wednesday, November 5th. The Goldman Sachs Group raised their target price on shares of Mercury Systems from $35.00 to $39.00 and gave the stock a “sell” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. upped their price target on shares of Mercury Systems from $56.00 to $68.00 and gave the company a “neutral” rating in a research report on Tuesday, August 12th. Finally, Royal Bank Of Canada set a $95.00 price objective on shares of Mercury Systems and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.00.

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.