Mercury Systems, Inc. (NASDAQ:MRCY - Get Free Report) EVP Stuart Kupinsky sold 2,377 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total value of $104,873.24. Following the sale, the executive vice president now owns 62,834 shares of the company's stock, valued at approximately $2,772,236.08. This represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Mercury Systems Price Performance
MRCY stock traded down $0.55 during midday trading on Friday, hitting $42.51. The company's stock had a trading volume of 463,813 shares, compared to its average volume of 530,912. Mercury Systems, Inc. has a 12 month low of $26.48 and a 12 month high of $52.25. The company has a quick ratio of 2.36, a current ratio of 3.62 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of -27.25 and a beta of 0.79. The company has a 50 day moving average of $42.57 and a two-hundred day moving average of $39.16.
Mercury Systems (NASDAQ:MRCY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate 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 expect that Mercury Systems, Inc. will post -0.08 EPS for the current year.
Institutional Trading of Mercury Systems
Several hedge funds have recently modified their holdings of MRCY. Conestoga Capital Advisors LLC raised its holdings in shares of Mercury Systems by 55.9% during the 4th quarter. Conestoga Capital Advisors LLC now owns 2,072,817 shares of the technology company's stock worth $87,058,000 after acquiring an additional 743,552 shares in the last quarter. Millennium Management LLC raised its holdings in Mercury Systems by 196.1% during the 4th quarter. Millennium Management LLC now owns 1,023,508 shares of the technology company's stock valued at $42,987,000 after buying an additional 677,894 shares during the period. Fisher Asset Management LLC purchased a new stake in Mercury Systems during the 4th quarter valued at $16,601,000. First Trust Advisors LP raised its holdings in Mercury Systems by 50.8% during the 4th quarter. First Trust Advisors LP now owns 988,936 shares of the technology company's stock valued at $41,535,000 after buying an additional 333,109 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Mercury Systems by 16.7% during the 4th quarter. Victory Capital Management Inc. now owns 2,060,131 shares of the technology company's stock valued at $86,526,000 after buying an additional 294,747 shares during the period. 95.99% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
MRCY has been the subject of a number of recent research reports. StockNews.com upgraded Mercury Systems from a "sell" rating to a "hold" rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. boosted their price target on Mercury Systems from $36.00 to $40.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Robert W. Baird upgraded Mercury Systems from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $37.00 to $58.00 in a research note on Wednesday, February 5th. Jefferies Financial Group upgraded Mercury Systems from an "underperform" rating to a "hold" rating and boosted their price objective for the company from $30.00 to $42.00 in a research note on Monday, November 11th. Finally, Truist Financial boosted their price objective on Mercury Systems from $35.00 to $44.00 and gave the company a "hold" rating in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $42.14.
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About Mercury Systems
(
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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.
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