Insider Selling: Mercury Systems (NASDAQ:MRCY) Director Sells $922,780.00 in Stock

Mercury Systems Inc (NASDAQ:MRCY) Director Howard Lance sold 9,250 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $99.76, for a total value of $922,780.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Mercury Systems Price Performance

Shares of NASDAQ MRCY opened at $111.70 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.19 and a quick ratio of 2.15. The stock has a fifty day moving average price of $84.71 and a 200 day moving average price of $82.78. Mercury Systems Inc has a 1-year low of $47.53 and a 1-year high of $113.47. The company has a market cap of $6.71 billion, a PE ratio of -465.42 and a beta of 0.83.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.21. Mercury Systems had a positive return on equity of 2.22% and a negative net margin of 1.46%.The firm had revenue of $235.76 million during the quarter, compared to the consensus estimate of $208.56 million. During the same period last year, the company earned $0.06 earnings per share. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. Sell-side analysts forecast that Mercury Systems Inc will post 0.18 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MRCY. Leonteq Securities AG purchased a new position in shares of Mercury Systems in the fourth quarter valued at $35,000. Hollencrest Capital Management purchased a new position in shares of Mercury Systems in the fourth quarter valued at $37,000. AlphaQuest LLC increased its position in shares of Mercury Systems by 41.9% in the third quarter. AlphaQuest LLC now owns 569 shares of the technology company’s stock valued at $44,000 after buying an additional 168 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Mercury Systems by 53.2% in the second quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock valued at $32,000 after buying an additional 208 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of Mercury Systems by 53.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 653 shares of the technology company’s stock valued at $48,000 after buying an additional 228 shares in the last quarter. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on MRCY. Weiss Ratings reiterated a “sell (d-)” rating on shares of Mercury Systems in a research report on Tuesday, April 21st. Truist Financial upgraded Mercury Systems to a “strong-buy” rating in a research report on Friday, May 1st. The Goldman Sachs Group increased their price objective on Mercury Systems from $60.00 to $68.00 and gave the stock a “sell” rating in a research report on Monday, May 11th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $105.00 price objective on shares of Mercury Systems in a research report on Wednesday, February 4th. Finally, Canaccord Genuity Group increased their price objective on Mercury Systems from $102.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.