Mercury Systems, Inc. (NASDAQ:MRCY) CAO Sells $26,251.40 in Stock

Mercury Systems, Inc. (NASDAQ:MRCY - Get Free Report) CAO Douglas Munro sold 595 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $26,251.40. Following the completion of the sale, the chief accounting officer now owns 14,572 shares in the company, valued at $642,916.64. This represents a 3.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Mercury Systems Trading Down 1.3 %

NASDAQ MRCY traded down $0.55 during mid-day trading on Friday, reaching $42.51. 463,813 shares of the stock were exchanged, compared to its average volume of 530,912. Mercury Systems, Inc. has a one year low of $26.48 and a one year high of $52.25. The stock has a 50 day simple moving average of $42.57 and a 200-day simple moving average of $39.16. The stock has a market cap of $2.54 billion, a P/E ratio of -27.25 and a beta of 0.79. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.36.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.04). Mercury Systems had a negative return on equity of 2.03% and a negative net margin of 10.23%. On average, analysts anticipate that Mercury Systems, Inc. will post -0.08 EPS for the current year.

Institutional Investors Weigh In On Mercury Systems

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC increased its stake in Mercury Systems by 144.0% in the third quarter. Signaturefd LLC now owns 666 shares of the technology company's stock valued at $25,000 after purchasing an additional 393 shares in the last quarter. Neo Ivy Capital Management bought a new stake in Mercury Systems in the fourth quarter valued at $33,000. Sterling Capital Management LLC increased its stake in Mercury Systems by 762.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company's stock valued at $69,000 after purchasing an additional 1,449 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Mercury Systems by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company's stock valued at $62,000 after purchasing an additional 503 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Mercury Systems in the fourth quarter valued at $75,000. 95.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on MRCY. Jefferies Financial Group raised shares of Mercury Systems from an "underperform" rating to a "hold" rating and raised their price target for the company from $30.00 to $42.00 in a research note on Monday, November 11th. JPMorgan Chase & Co. raised their price target on shares of Mercury Systems from $36.00 to $40.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. The Goldman Sachs Group raised their price target on shares of Mercury Systems from $25.00 to $28.00 and gave the company a "sell" rating in a research note on Thursday, January 16th. Truist Financial raised their price target on shares of Mercury Systems from $35.00 to $44.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. Finally, Robert W. Baird raised shares of Mercury Systems from a "neutral" rating to an "outperform" rating and raised their price target for the company from $37.00 to $58.00 in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Mercury Systems currently has an average rating of "Hold" and an average price target of $42.14.

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.