William Ballhaus Sells 108,209 Shares of Mercury Systems (NASDAQ:MRCY) Stock

Mercury Systems Inc (NASDAQ:MRCY – Get Free Report) CEO William Ballhaus sold 108,209 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $89.50, for a total value of $9,684,705.50. Following the transaction, the chief executive officer directly owned 299,836 shares in the company, valued at approximately $26,835,322. This represents a 26.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Mercury Systems Price Performance

Shares of NASDAQ MRCY opened at $89.76 on Thursday. Mercury Systems Inc has a twelve month low of $65.04 and a twelve month high of $128.45. The company has a current ratio of 2.96, a quick ratio of 1.85 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of -179.52 and a beta of 0.95. The business has a 50 day simple moving average of $106.00 and a 200-day simple moving average of $94.94.

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Mercury Systems (NASDAQ:MRCY – Get Free Report) last announced its quarterly earnings data on Tuesday, August 18th. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $289.78 million for the quarter, compared to the consensus estimate of $266.09 million. Mercury Systems had a positive return on equity of 1.29% and a negative net margin of 3.02%.The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 earnings per share. As a group, equities research analysts expect that Mercury Systems Inc will post 0.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MRCY. The Goldman Sachs Group boosted their price objective on shares of Mercury Systems from $60.00 to $68.00 and gave the company a “sell” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. lifted their target price on Mercury Systems from $99.00 to $101.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Royal Bank Of Canada upped their target price on Mercury Systems from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Robert W. Baird increased their price target on Mercury Systems from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Finally, Zacks Research downgraded Mercury Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $110.10.

Read Our Latest Stock Analysis on Mercury Systems

Trending Headlines about Mercury Systems

Here are the key news stories impacting Mercury Systems this week:

• Positive Sentiment: Mercury Systems reported quarterly revenue of $289.8 million, above the $266.1 million analyst consensus and up 6.1% year over year. The company’s aerospace and defense exposure, including secure computing and electronic-warfare systems, supports its longer-term growth outlook.
• Positive Sentiment: Piper Sandler recently reaffirmed an “overweight” rating and raised its price target to $131 from $126, indicating substantial upside potential from recent trading levels.
• Neutral Sentiment: Reported short interest was zero shares as of August 25, with a 0.0-day days-to-cover ratio. However, the filing also showed an invalid “NaN” percentage change, making the data an unreliable indicator of investor positioning.
• Neutral Sentiment: A law firm is soliciting Mercury Systems shareholders regarding alleged potential fiduciary-duty breaches. The announcement is not a confirmed regulatory finding or litigation outcome, but it introduces some headline risk. Shareholder solicitation
• Negative Sentiment: CEO William L. Ballhaus sold 173,209 shares in two transactions for approximately $15.7 million, reducing his direct holdings by roughly 20% and 27% in the respective filings. The scale and timing of the sales may be interpreted as a bearish signal, although insider transactions can also reflect diversification or personal financial planning. CEO SEC filings
• Negative Sentiment: EVPs Stuart Kupinsky and Steven Ratner also reported stock sales. Ratner has made several consecutive sales during the past week, adding to concerns about broad-based insider selling; Kupinsky’s transaction was made under a pre-arranged Rule 10b5-1 plan, which reduces its signaling value. Executive SEC filings
• Negative Sentiment: Quarterly earnings per share of $0.37 narrowly missed the $0.38 consensus and declined from $0.47 a year earlier. Mercury also posted a negative net margin, while analyst coverage remains mixed: the consensus rating is “Hold,” with an average target of $110.10.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Mercury Systems during the 2nd quarter worth about $1,146,342,000. California State Teachers Retirement System boosted its holdings in shares of Mercury Systems by 11,902.8% in the second quarter. California State Teachers Retirement System now owns 7,630,211 shares of the technology company’s stock valued at $933,404,000 after acquiring an additional 7,566,641 shares in the last quarter. Invesco Ltd. increased its stake in shares of Mercury Systems by 161.7% during the third quarter. Invesco Ltd. now owns 1,527,443 shares of the technology company’s stock valued at $118,224,000 after acquiring an additional 943,736 shares during the period. Bamco Inc. NY bought a new stake in Mercury Systems during the second quarter worth approximately $74,244,000. Finally, American Capital Management Inc. acquired a new stake in Mercury Systems in the second quarter worth approximately $59,460,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Company Profile

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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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