Mercury Systems (NASDAQ:MRCY) CAO Douglas Munro Sells 1,329 Shares of Stock

Mercury Systems Inc (NASDAQ:MRCY) CAO Douglas Munro sold 1,329 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $73.42, for a total value of $97,575.18. Following the completion of the sale, the chief accounting officer directly owned 14,678 shares of the company’s stock, valued at approximately $1,077,658.76. The trade was a 8.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Douglas Munro also recently made the following trade(s):

• On Tuesday, September 16th, Douglas Munro sold 67 shares of Mercury Systems stock. The shares were sold at an average price of $73.40, for a total transaction of $4,917.80.
• On Monday, August 18th, Douglas Munro sold 363 shares of Mercury Systems stock. The stock was sold at an average price of $66.52, for a total transaction of $24,146.76.
• On Tuesday, August 19th, Douglas Munro sold 376 shares of Mercury Systems stock. The shares were sold at an average price of $64.46, for a total value of $24,236.96.

Mercury Systems Price Performance

NASDAQ MRCY traded up $0.31 on Friday, reaching $71.57. 206,197 shares of the company’s stock traded hands, compared to its average volume of 621,702. The stock has a 50-day simple moving average of $76.27 and a 200 day simple moving average of $61.62. Mercury Systems Inc has a 12 month low of $37.28 and a 12 month high of $85.33. The stock has a market cap of $4.30 billion, a PE ratio of -108.43, a P/E/G ratio of 3.17 and a beta of 0.79. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.52 and a quick ratio of 2.41.

Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, June 7th. The technology company reported $0.64 EPS 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%. As a group, research analysts predict that Mercury Systems Inc will post -0.08 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MRCY. Weiss Ratings restated a “sell (d-)” rating on shares of Mercury Systems in a report on Wednesday, October 8th. Wall Street Zen cut shares of Mercury Systems from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Zacks Research downgraded shares of Mercury Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Royal Bank Of Canada set a $95.00 price target on Mercury Systems and gave the company an “outperform” rating in a report on Wednesday, November 5th. Finally, Robert W. Baird lifted their target price on shares of Mercury Systems from $58.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Mercury Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.00.

Institutional Trading of Mercury Systems

A number of institutional investors have recently bought and sold shares of MRCY. Vanguard Group Inc. grew its holdings in shares of Mercury Systems by 4.0% during the third quarter. Vanguard Group Inc. now owns 5,731,033 shares of the technology company’s stock valued at $443,582,000 after buying an additional 221,093 shares during the last quarter. State Street Corp boosted its holdings in Mercury Systems by 8.7% in the 2nd quarter. State Street Corp now owns 3,246,573 shares of the technology company’s stock valued at $174,860,000 after purchasing an additional 259,388 shares during the period. Conestoga Capital Advisors LLC grew its stake in Mercury Systems by 13.3% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 2,558,935 shares of the technology company’s stock worth $137,824,000 after buying an additional 300,749 shares in the last quarter. First Trust Advisors LP lifted its position in Mercury Systems by 96.3% in the 3rd quarter. First Trust Advisors LP now owns 1,532,822 shares of the technology company’s stock worth $118,640,000 after buying an additional 751,813 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Mercury Systems by 161.7% in the 3rd quarter. Invesco Ltd. now owns 1,527,443 shares of the technology company’s stock worth $118,224,000 after purchasing an additional 943,736 shares during the period. Institutional investors own 95.99% of the company’s stock.

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.