Mercury Systems (NASDAQ:MRCY) CEO William Ballhaus Sells 111,076 Shares

Mercury Systems Inc (NASDAQ:MRCY) CEO William Ballhaus sold 111,076 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $87.12, for a total value of $9,676,941.12. Following the sale, the chief executive officer owned 342,436 shares of the company’s stock, valued at $29,833,024.32. The trade was a 24.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Mercury Systems Trading Up 0.8%

Shares of MRCY stock opened at $90.47 on Friday. Mercury Systems Inc has a fifty-two week low of $65.04 and a fifty-two week high of $128.45. The stock’s fifty day moving average price is $105.53 and its two-hundred day moving average price is $95.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 2.96. The company has a market cap of $5.44 billion, a PE ratio of -180.94 and a beta of 0.95.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, August 18th. The technology company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Mercury Systems had a positive return on equity of 1.29% and a negative net margin of 3.02%.The business had revenue of $289.78 million for the quarter, compared to analyst estimates of $266.09 million. During the same period last year, the firm posted $0.47 EPS. Mercury Systems’s quarterly revenue was up 6.1% on a year-over-year basis. Equities analysts predict that Mercury Systems Inc will post 0.88 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on MRCY. Piper Sandler restated an “overweight” rating and issued a $131.00 price target (up from $126.00) on shares of Mercury Systems in a research note on Wednesday, August 19th. The Goldman Sachs Group upped their price objective on shares of Mercury Systems from $60.00 to $68.00 and gave the stock a “sell” rating in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft lowered shares of Mercury Systems to a “hold” rating in a research report on Wednesday, August 12th. Weiss Ratings raised shares of Mercury Systems from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday. Finally, Wall Street Zen downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $110.10.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. raised its holdings in Mercury Systems by 53.2% in the 2nd quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock valued at $32,000 after buying an additional 208 shares during the last quarter. Leonteq Securities AG bought a new stake in Mercury Systems during the 4th quarter worth approximately $35,000. Hollencrest Capital Management acquired a new position in Mercury Systems in the 4th quarter valued at approximately $37,000. Public Employees Retirement System of Ohio bought a new position in shares of Mercury Systems during the second quarter valued at $43,000. Finally, Federated Hermes Inc. bought a new position in shares of Mercury Systems during the second quarter valued at $43,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

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.