Mercury Systems Inc (NASDAQ:MRCY – Get Free Report) EVP Stuart Kupinsky sold 1,000 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $95.23, for a total transaction of $95,230.00. Following the sale, the executive vice president owned 56,352 shares in the company, valued at approximately $5,366,400.96. This trade represents a 1.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Stuart Kupinsky also recently made the following trade(s):
- On Wednesday, August 19th, Stuart Kupinsky sold 1,308 shares of Mercury Systems stock. The stock was sold at an average price of $100.31, for a total transaction of $131,205.48.
- On Tuesday, August 18th, Stuart Kupinsky sold 1,178 shares of Mercury Systems stock. The shares were sold at an average price of $111.36, for a total transaction of $131,182.08.
- On Monday, August 17th, Stuart Kupinsky sold 1,195 shares of Mercury Systems stock. The stock was sold at an average price of $109.95, for a total transaction of $131,390.25.
Mercury Systems Stock Down 2.1%
MRCY traded down $1.85 during midday trading on Tuesday, reaching $87.74. The company’s stock had a trading volume of 1,093,324 shares, compared to its average volume of 682,659. Mercury Systems Inc has a 1 year low of $65.04 and a 1 year high of $128.45. The stock’s 50-day moving average is $107.01 and its 200-day moving average is $94.79. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of -175.48 and a beta of 0.95. The company has a current ratio of 2.96, a quick ratio of 1.85 and a debt-to-equity ratio of 0.29.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Royal Bank Of Canada raised their price target on Mercury Systems from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. JPMorgan Chase & Co. raised their price objective on shares of Mercury Systems from $99.00 to $101.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Truist Financial lifted their target price on shares of Mercury Systems from $109.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Wall Street Zen downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $115.00 price target on shares of Mercury Systems in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $110.10.
View Our Latest Stock Report on MRCY
Institutional Investors Weigh In On Mercury Systems
Several large investors have recently bought and sold shares of the business. California State Teachers Retirement System raised its position in Mercury Systems by 11,902.8% in the 2nd quarter. California State Teachers Retirement System now owns 7,630,211 shares of the technology company’s stock worth $933,404,000 after buying an additional 7,566,641 shares during the last quarter. HB Wealth Management LLC purchased a new stake in shares of Mercury Systems during the 2nd quarter valued at about $376,000. Angeles Wealth Management LLC bought a new stake in shares of Mercury Systems in the second quarter worth approximately $237,000. Concurrent Investment Advisors LLC bought a new stake in shares of Mercury Systems in the second quarter worth approximately $234,000. Finally, Nykredit A S purchased a new position in shares of Mercury Systems during the second quarter valued at approximately $265,000. 95.99% of the stock is currently owned by institutional investors.
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.
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