Debora Plunkett Sells 1,700 Shares of Mercury Systems (NASDAQ:MRCY) Stock

Mercury Systems Inc (NASDAQ:MRCY) Director Debora Plunkett sold 1,700 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $73.99, for a total transaction of $125,783.00. Following the completion of the sale, the director owned 16,833 shares of the company’s stock, valued at approximately $1,245,473.67. The trade was a 9.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Mercury Systems Price Performance

MRCY stock opened at $72.74 on Wednesday. The firm has a market cap of $4.37 billion, a P/E ratio of -110.21, a P/E/G ratio of 3.17 and a beta of 0.79. The firm’s fifty day moving average is $76.09 and its 200 day moving average is $61.47. Mercury Systems Inc has a 52 week low of $37.28 and a 52 week high of $85.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.41 and a current ratio of 3.52.

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

Wall Street Analyst Weigh In

MRCY has been the subject of several recent research reports. Wall Street Zen downgraded Mercury Systems from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Mercury Systems in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on shares of Mercury Systems from $56.00 to $68.00 and gave the stock a “neutral” rating in a report on Tuesday, August 12th. Truist Financial boosted their price objective on shares of Mercury Systems from $71.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Finally, Robert W. Baird increased their target price on shares of Mercury Systems from $58.00 to $70.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $81.00.

Institutional Investors Weigh In On Mercury Systems

Several institutional investors and hedge funds have recently modified their holdings of the stock. Salomon & Ludwin LLC bought a new stake in shares of Mercury Systems during the 3rd quarter valued at about $32,000. Osaic Holdings Inc. boosted its position in Mercury Systems by 53.2% during the 2nd quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock valued at $32,000 after acquiring an additional 208 shares in the last quarter. Quaker Wealth Management LLC grew its holdings in shares of Mercury Systems by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 644 shares of the technology company’s stock worth $35,000 after acquiring an additional 1,288 shares during the period. Federated Hermes Inc. bought a new position in shares of Mercury Systems in the 2nd quarter worth approximately $43,000. Finally, AlphaQuest LLC lifted its stake in shares of Mercury Systems by 41.9% in the 3rd quarter. AlphaQuest LLC now owns 569 shares of the technology company’s stock valued at $44,000 after purchasing an additional 168 shares during the period. 95.99% of the stock is owned by hedge funds and other institutional investors.

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.